Next Business Day
Funds available for next business day are subject to business financing only and receipt of required documents. Cash funds will be deposited into your business bank account as soon as the next business day after signed documents of approval of terms are processed by underwriting.
Customers who are approved for business financing and accept the terms, have the opportunity to payoff the financing amount before the contract is due and with that will receive a discount in the process.
Daily payments for business financing are through Automatic Clearing House (ACH) Monday through Friday excluding bank holidays.
Monthly equipment financing payments can be made via ACH or by check.
Select Funding typically offers business financing with terms from 6 up to 18 months and equipment financing up to 5 years.
Approval is not based on collateral for business financing. Although Select Funding does expect some type of collateral for equipment financing, usually the equipment purchased or leased.