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  Sprout Financial Business Cash Advance

Sprout Financial Business Cash Advance

in Merchant Cash Advance from Sprout Financial

Unaffiliated

Sprout Financial Business Cash Advance

Unaffiliated

in Merchant Cash Advance from Sprout Financial

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Highlights
Factor Rate N/A
Loan Amount $10,000 - $2,000,000
Minimum Revenue N/A
APR  (Fee or Charge Based Product) N/A

Sprout Financial Business Cash Advance Review

Sprout Financial Business Cash Advance is offered by Sprout Financial, a financial services company founded in 2014 and based in Phoenix, AZ. Sprout Financial Business Cash Advance is available in 50 states (and Washington, DC).

Sprout Financial Business Cash Advance FAQ

Does Sprout Financial Business Cash Advance charge prepayment fees?

No, Sprout Financial Business Cash Advance does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the Sprout Financial Business Cash Advance off early.

How much cash can you advance from Sprout Financial Business Cash Advance?

Cash advance amounts start at $10,000 and go up to $2,000,000.

What types of repayment method does Sprout Financial Business Cash Advance accept?

Sprout Financial Business Cash Advance accepts the following repayment method from the Merchant:

  • ACH withholding

How often does Sprout Financial Business Cash Advance process payments?

Sprout Financial Business Cash Advance processes payments daily based on your business's credit card transactions. This means that a percentage of your transactions will automatically be sent to Sprout Financial Business Cash Advance as payment for your cash advance until the full amount is paid.

Does Sprout Financial Business Cash Advance charge an origination fee?

Yes, Sprout Financial Business Cash Advance charges a origination fee.

What is the minimum repayment amount required by Sprout Financial Business Cash Advance?

There is no minimum repayment ammount.

What is the estimated funding time for a merchant cash advance via Sprout Financial Business Cash Advance?

Sprout Financial Business Cash Advance can approve (or deny) a merchant cash advance application within 1 hour and fund your merchant cash advance within 14 business days of approval.

What are the business financing requirements for Sprout Financial Business Cash Advance?

To apply for Sprout Financial Business Cash Advance, you need to provide the following business documentation:

  • Business license
  • Business bank account

What do you need to qualify for Sprout Financial Business Cash Advance?

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

Sprout Financial Business Cash Advance does not have or does not disclose a minimum annual income eligibility requirement.

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 Sprout Financial Business Cash Advance. Their rates fall within the limits of The Military Lending Act.

U.S. citizens are, of course, eligible for the services offered by Sprout Financial Business Cash Advance. Permanent resident / green card holders are also eligible to apply.

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

  • Proof of income
  • Recent bank statements
  • Business formation documents
  • Driver's license
  • Proof of identity
  • U.S. tax identification number

What limitations does Sprout Financial Business Cash Advance set on the purpose of the merchant cash advance?

Sprout Financial Business Cash Advance considers merchant cash advance applications for business purposes, such as:

  • Business debt refinance
  • Equipment purchase
  • Hiring
  • Inventory
  • Lease improvement
  • New location
  • Payroll
  • Product or service expansion
  • Technology investment
  • Working capital
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Contact

  • Headquarters
  •   5415 E High St
    Phoenix, AZ 85054
  •   Visit Site

Other Services by Sprout Financial

Availability

  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 Prepayment Fee
Business Financing Requirements
  • Business License
  • Business Bank Account
Credit Score Range 300 - 850
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Military Status
  • Active Duty Military
  • Non-Military
  • Veterans
  • Military Dependent
Verification Documents Required
  • Proof of Income
  • Proof of Identity
  • Business Formation Documents
  • U.S. Tax Identification Number
  • Recent Bank Statements
  • Social Security Number
  • Driver License (or other photo ID)
  • Business Tax Return
  • Employer Identification Number
Collateral Requirement Unsecured
Intended Use of Funds
  • Equipment Purchase
  • Lease Improvements
  • New Location
  • Product or Service Expansion
  • Working Capital
  • Business Debt Refinance
  • Inventory
  • Payroll
  • Hiring
  • Technology Investment
Approval Speed 1 hour
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Funding Time Range 14 - 45 days
Payment Frequency Daily
Payment Options Automatic Payments
Repayment Methods ACH Withholding
Loan Amount $10,000 - $2,000,000

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