To request a payoff letter, you can contact your Account Expert directly and they will assist you.
Cambridge Funding provides small businesses with working capital without long wait times or difficult approval processes. With decades of business experience, we have been a trusted source of funding for thousands of small businesses, and counting.
If a need for funding arises, traditional institutions make it difficult to access funding since they don’t favor small businesses. Cambridge Funding makes capital accessible for the small businesses banks and credit unions neglect. We take into consideration the way your business is working now, not just based on historical data. You can be approved and funded oftentimes within 24 hours.
With Revenue-based financing, we give you the capital you need, and in exchange you agree to give us a portion of your revenue - up to a predetermined amount. That amount is usually the funding plus a flat fee, not growing interest.
We can give you access to capital anywhere from $30,000 to $5,000,000.
Qualifying is simple:
Cambridge Funding is the go-to capital resource for small businesses because we make the process of getting funding easy. We only ask for the bare minimum:
No. Your credit score is only impacted by “hard inquiries”, like applying for a credit card or a mortgage. We only use a “soft inquiry” which does not affect your credit score.
Because we don’t require so much documentation to apply, most of our applicants are approved within hours, assuming they applied within business hours. If you apply outside of regular business hours, you could expect an answer on the morning of the next business day.
Assuming you have your information handy, most applicants are done within 10 minutes or less.
You can get your funds via wire transfer the same day you’re approved as long as it happens before 5:00 PM EST. Keep in mind that may include fees from your bank. If it’s after 5PM, you’ll see the money in your account the next business day via ACH transfer.
We review a number of factors to determine your loan amount. Some of those include the money going in and out, how long you’ve been in business for, and your personal credit history.
Our funding is designed to work alongside financing options from banks and credit unions. Financing from Cambridge Funding can be granted if you meet our application requirements, and will not affect any other financing you have.
We make payments easy and hassle-free. With your authorization, Cambridge Funding takes debit payments directly from your bank account according to the amount and frequency decided on the financing agreement.
You can make a payment for the entirety of the funding as soon as you’d like. In fact, Cambridge Funding will even offer discounts in some cases if you do so. It’s important that you work out all the details of your financing plan with your Account Expert, as they will ensure you know all your options for payment.
Yes. In most cases, you are eligible for renewal after you’ve paid off 30%-50% of your balance, and you’ve maintained a good record of payment. Your Account Expert will fill you in on the exact amount needed for your particular account.
Cambridge Funding has a user-friendly client portal where you can access all the information you need regarding your account, payments, and eligibility for renewal. For any extra help, you could always contact us at 1(800) 307-1518 for direct assistance from one of our Account Experts.
We are flexible, and you can email our Accounts Help team at [email protected] to adjust your payments or payment schedule.
We have real people available that are ready to take your call at any time during regular business hours (Mon-Fri 9am-6pm EST). Just dial 1(800) 307-1518.
Since the payment is withdrawn through your bank, it only gets taken out on days the bank is open, which usually means not on holidays.
No. We will never take payments out of your account twice in a row after a holiday.
To request a payoff letter, you can contact your Account Expert directly and they will assist you.