Frequently Asked Questions

Multifund Inc. is a financial services provider specializing in offering small business loans and funding solutions to businesses of all sizes. We offer various loan products designed to meet the unique needs of business owners. 

The application process is simple. You can fill out an online contact form with basic details about your business, and our team will get in touch to discuss your needs and guide you through the next steps. 

We offer a wide range of funding options, including short-term loans, business term loans, Business credit cards equipment financing, bridge financing, SBA loans, and more. 

Interest rates vary based on an individual's credit profile. If your business has strong credit and cash flow and you’ve been operating for several years, you may qualify for a lower interest rate. Securing your loan with collateral may also help reduce the cost.

Interest rates for term funding can be either fixed or variable. Fixed rates are predictable, ensuring you know exactly how much to pay each month. With variable rates, your payment could fluctuate, depending on market conditions.

Funding can be approved as quickly as 24hrs and dispursed in less than a week, depending on the loan product and the specifics of your application. 

Eligibility varies by loan type, but generally, businesses must demonstrate a proven history of operations, meet certain credit requirements, and show the ability to repay the loan. 

Loan amounts range from $50,000 to over $2.5 million depending on your business's financial profile and the type of loan you're applying for. 

Repayment terms depend on the loan product, but they can range from as little as a few months to several years, with flexible options available to suit your business needs.

Some of our loans, such as equipment financing and certain business lines of credit, may require collateral. However, we also offer unsecured loan options for eligible businesses.

Typically, we will need basic documents such as application, bank statements, financial statements, and other documents to verify your business’s financial health.

Yes, we work with businesses that have varying credit scores. While good credit may help secure better terms, our team can assist businesses with bad credit to find funding solutions.

Approval times can vary, but in many cases, we can make a decision on your application within 24 hours.

For certain loans, we may require that your business has been operating for at least six months to a year, but we also have options available for startups.

Yes, our loans are flexible and can be used for a wide range of business needs, including working capital, inventory, equipment purchases, expansion, and more.

No, we do not charge prepayment penalties. If you want to pay off your loan early, you can do so without incurring extra interest charges.

If you’re unable to make your payment on time, contact us as soon as possible to discuss your options. We’re here to work with you and find a solution that fits your business.

Yes, we offer loan options for self-employed individuals and sole proprietors, as long as you meet the necessary financial criteria.

Bridge financing is a short-term loan designed to provide quick access to cash until a longer-term funding solution can be secured. It’s ideal for businesses that need immediate funds to cover short-term expenses or to bridge a financial gap.

You can reach us via our website, phone, or email. Our team is happy to assist you and answer any questions you may have about your funding needs.

Let me know if you need further adjustments or additional questions!