SuperMoney 
  Elevate Funding

Elevate Funding

in Business Loans from Elevate Funding

Unaffiliated

Elevate Funding

Unaffiliated

in Business Loans from Elevate Funding

Net Recommendation Score 0% Recommendation score measures the loyalty between a provider and a consumer. It's at +100% if everybody recommends the provider and at -100% when no one recommends.

Rating not yet determined

In our efforts to provide the community with the most accurate information, recommendation rating is not determined until a sufficient number of SuperMoney users cast their vote
1 user recommends
0 users are unsure
1 user doesn't recommend
Cast your vote
Cast your vote

Would you recommend Elevate Funding to your friends?

Thanks for your vote!

Thanks for your vote!

You voted: May or may not recommend

Highlights
Highlights
Community Rating

Rating not yet determined

In our efforts to provide the community with the most accurate information, recommendation rating is not determined until a sufficient number of SuperMoney users cast their vote
Loan Amount N/A
APR  (Variable APR) N/A
Loan Term N/A months

Elevate Funding Review

Where does Elevate Funding do business?

Elevate Funding is a business financing offering by Elevate Funding, based in Gainesville, FL. Founded in 2015, Elevate Funding offers access to business loans in 50 states (and Washington, DC).

What are Elevate Funding’s rates?

Elevate Funding offers a variable APR business financing product but they do not disclose their rates.

Does Elevate Funding charge an origination fee?

No, Elevate Funding does not charge a loan origination fee. A loan origination fee is what some lenders charge for processing, underwriting, and funding a loan. Typically fees range from 0.5% to 5% of the loan amount. Whenever possible, go with lenders that don’t charge origination fees.

What limitations does Elevate Funding set on the purpose of the loan?

Elevate Funding considers loan applications for business purposes, such as:

  • Business Debt Refinance
  • Equipment Purchase
  • Lease Improvement
  • New Location
  • Product or Service Expansion
  • Working capital

What types of business loans does Elevate Funding offer?

Not all business loans are made equal. The type of loan you choose will determine the range of rates and terms you receive. Elevate Funding provides access to the following business loan types:

  • Merchant Cash Advances
  • ACH Cashflow Loans

Does Elevate Funding charge prepayment fees?

No, Elevate Funding does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the loan off early.

What do you need to qualify for Elevate Funding?

Elevate Funding requires companies to be in business for at least 3 months. Businesses must have a minimum annual revenue of $120,000 to be considered.

When it comes to credit scores, Elevate Funding doesn't have a set minimum or maximum. People with all types of credit can apply.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members and their covered dependents are eligible to apply for a loan via Elevate Funding. Their rates fall within the limits of The Military Lending Act.

U.S. citizens are, of course, eligible for the services offered by Elevate Funding. Permanent resident / green card holders are also eligible to apply.

To qualify, applicants may need to provide the following documentation:

  • Proof of income

What is the estimated funding time for a business loan via Elevate Funding?

Elevate Funding can approve (or deny) a loan application within 24 hours and fund business loans within 1 business day of approval.

SUPERMONEY Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

Contact

  • Headquarters
  •   5200 NW 43rd Street
    Suite 102-134
    Gainesville, FL 32606 USA

About Elevate Funding

Availability

Alaska Alabama Arkansas Arizona California Colorado Connecticut Washington, D.C. Delaware Florida Georgia Hawaii Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Michigan Minnesota Missouri Mississippi Montana North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Vermont Washington Wisconsin West Virginia Wyoming
  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

No Origination Fee  
No Prepayment Fee  
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Military Status
  • Active Duty Military
  • Military Dependent
  • Non-Military
  • Veterans
Minimum Months in Business 3
Minimum Revenue $120,000
Verification Documents Required
  • Proof of Income

Elevate Funding Community Reviews

 

Would you recommend Elevate Funding to your friends?

Before we publish your vote:

Please explain your vote by sharing your experience.

Writing a review increases the credibility of your vote and helps your fellow users make a better-informed decision.

Please write a review to submit your vote
Cancel my vote
(will require moderator approval)

Other Business Loans

Fora Financial
Rating not yet determined In our efforts to provide the community with the most accurate information, recommendation rating is not determined until a sufficient number of SuperMoney users cast their vote

3 Reviews

OnDeck
Mostly recommended

13 Reviews