Is celerfunding.com a lender?
No. We are a referral service. We look at what your business needs, then introduce you to independent lenders and funding companies that fit. The lender makes the credit decision and sets the terms.
Does it cost me anything?
No. We never charge you a fee. We are a broker, not a lender. Lenders may pay us a fee when you're funded; this may affect which offers you see.
Will applying hurt my credit?
Our intake does not pull your credit. Some lenders do a soft pull to pre-qualify you; a hard pull only happens if you choose to move forward with a specific lender, and they will tell you first.
What do I need to qualify?
Lenders in our network fund businesses with at least 1 year in business, $20,000 or more in average monthly bank deposits and a credit score of 500 or higher, plus a business bank account. Each lender sets its own criteria, so apply even if you are close.
Can startups apply?
Most lenders in this market want some operating history. If you are just starting out, tell us anyway: equipment financing and some government-backed programs can work for newer businesses.
How fast can I get funded?
With some lenders in our network, approved businesses are usually funded within 4 hours. Speed depends on the product and the lender: government-backed loans take weeks. We tell you the realistic timeline before you apply.
Do you work in Canada and the US?
Yes. We work with businesses across Canada and the United States and match you with lenders licensed or active where you operate.
Do you offer personal or consumer loans?
No. We only help with business (commercial) financing.
Why not just go to my bank?
You can, and if your bank says yes at a good rate, take it. Banks often want a long history and can take weeks. We show you what else is available, including bank and government-backed options, so you can compare before you decide.
Will my information be sent to a lot of lenders?
No. We share your details with a lender only after we confirm with you. We do not sell your information, and we never ask for banking passwords, your SIN or your SSN.
How long are the terms, and how are payments made?
Typically, terms run up to 24 months, with daily, weekly, bi-weekly or monthly payments depending on the lender and your file. That is typical, not a promise: government-backed and equipment loans can run longer, and each lender sets its own terms.
I already have a cash advance. Can you still help?
Tell us about it up front. Some lenders will consider a business that already has an advance, and sometimes a longer-term product costs less than what you have now. If adding more debt would make things worse, we will say so.
See what your business qualifies for
Two minutes, no credit pull, no fee. We come back with real options from lenders that fit.