Frequently Asked Questions

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Viking Funding offers a diverse range of financing options for business owners across the nation. We specialize in Revenue Based Financing, where businesses can borrow based on their monthly revenue. Additionally, we provide business lines of credit, business term loans, and SBA Loans, tailored to meet the specific needs of your business.

Viking Funding works with businesses in all industries, understanding that each sector has unique challenges and financing requirements. Whether you’re in manufacturing, retail, services, or any other industry, we have the expertise to support your business goals.

The qualification requirements vary by the type of financing:

 

Revenue Based Financing: At least 6 months in business, a business bank account, and 4 months of bank statements showing an average revenue of at least $20,000 per month.

Business Lines of Credit, Term Loans, and SBA Loans: A personal credit score of 700 or above is required, along with the last 2 years of most recent tax returns for the business, a profit and loss statement, and a balance sheet.

The time to process your financing can vary:

 

Revenue Based Financing: Get approved and receive funds on the very same business day. Ideal for quick capital needs based on your revenue.

SBA Loan Programs: The application process for SBA loans like the 7(a) program usually takes several weeks to a few months, as it involves extensive documentation and evaluation.

Business Line of Credit: Processing times can range from a few days to several weeks, depending on your financial health and credit review.

The amount of funding your business can receive depends on multiple factors, including your business’s revenue, credit history, and the type of financing. We offer consultations to precisely evaluate what you qualify for and determine the best financing solution tailored to your situation and needs.

At Viking Funding, our rates vary by the type of financing and are based on the associated risk. We ensure that our rates are competitive and transparent, reflecting the market and your business’s financial health. We aim to support your growth without overburdening your finances.

Businesses utilize the funding they receive from Viking Funding in various ways to strengthen and grow their operations. Common uses include:

 

Purchasing Inventory: To meet demand surges and seasonal peaks.

Expanding: Opening new locations or expanding existing facilities.

Hiring Additional Staff: To increase production capacity or improve customer service.

Bridging Gaps in Receivables: Maintaining cash flow while waiting for customer payments.

Purchasing Equipment: Upgrading or acquiring new equipment to enhance efficiency or expand product lines.

 

The flexibility of our financing solutions allows businesses to strategically invest in areas that provide the best returns, helping them to thrive and succeed.

At Viking Funding, we are not just a lender; we are your strategic partner in growth and success. We understand that each business is unique, with its own challenges and opportunities. That’s why we offer a consultative approach to financing, taking the time to understand your specific needs and circumstances before recommending the best solutions.

 

Customer-Centric Approach: Our clients are our top priority. We strive to make your financing experience as smooth and hassle-free as possible, supporting you at every step of your growth journey.

Diverse Financing Options: We offer a wide range of products including Revenue Based Financing, business lines of credit, term loans, and SBA loans, ensuring that you have access to the right type of funding that aligns with your business goals.

Long-Term Partnerships: Unlike many financiers focused solely on transactions, we are committed to developing ongoing relationships with our clients. Our goal is to support your business not just once, but continually as it grows and evolves. We understand that your success is our success.

Speed and Efficiency: Especially with our Revenue Based Financing, you can receive funds on the very same day you apply, making it an excellent option for quick capital needs. This ensures that you never miss out on an opportunity due to lack of funds.

Tailored Solutions: We recognize that one size does not fit all. Our team works closely with you to tailor our financing solutions to fit your specific business requirements, whether it’s expanding operations, purchasing inventory, or managing cash flow.

Competitive Rates: We offer some of the most competitive rates in the industry, ensuring that the cost of borrowing is reasonable and transparent, with no hidden fees.

Nationwide Service: Serving businesses across all industries nationwide, we bring a wealth of experience and a broad perspective, understanding different market dynamics and industry-specific challenges.

 

Choosing Viking Funding means partnering with a team that’s committed to seeing your business succeed. Let us provide the financial support you need to thrive in today’s competitive market. Contact us today, and let’s discuss how we can help you achieve your business goals.

Why Choose Viking Funding?

Fast & Flexible

Perfect for businesses that need fast cash for 3-24 months with high approval rates and the best terms.

Founded by Industry Professionals

Our specialized focus on Merchant Cash Advances (MCAs) sets us apart. We keep our deep understanding of small business challenges with our passion for helping entrepreneurs thrive.

Incredible Service

Our dedicated team is passionate about helping you navigate the ever-changing business landscape, providing ongoing support and guidance whenever you need it.

A Reputation You Can Trust
★★★★★

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