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Last Updated: 06/21/2025

Elevate Funding Business Funding

in Business Loans from Elevate Funding

Last Updated: 06/21/2025

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Elevate Funding Business Funding Review

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

Elevate funding FAQ

What are Elevate funding 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 business loan. Typically fees range from 0.5% to 5% of the loan amount. Whenever possible, go with lenders that don’t charge origination fees.

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 business loan off early.

What do you need to qualify for Elevate Funding Business Funding?

Elevate Funding Business 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 Business Funding doesn't have a set minimum or maximum. People with all types of credit scores can apply.

U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by Elevate Funding Business Funding.

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 fund small business loans as soon as 1 business day.

Does Elevate Funding perform a hard credit pull?

Yes, Elevate funding performs a hard credit pull when you apply for a loan. Additionally, it doesn't provide the option to check your rates using a soft credit pull, a feature that many lenders offer.

Click here to get prequalified rates from multiple leading lenders without a hard credit pull. However, if you accept a loan offer, a hard credit pull will likely be performed.

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5200 NW 43rd Street

Suite 102-134

Gainesville, FL 32606

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