{"id":928,"date":"2017-08-08T11:55:43","date_gmt":"2017-08-08T11:55:43","guid":{"rendered":"https:\/\/www.lending-express.com\/wp\/?page_id=928"},"modified":"2024-05-14T08:10:22","modified_gmt":"2024-05-14T05:10:22","slug":"fq","status":"publish","type":"page","link":"https:\/\/www.become.co\/blog\/fq\/","title":{"rendered":"FAQ"},"content":{"rendered":"<p>Explore answers to common questions about Become&#8217;s services, including tailored funding solutions for SMBs, quick approval processes, loan terms, and more. Get the information you need to navigate your financial options confidently.<\/p>\n\t\t\t\t\t\t<style>\n\t\t\t\t\t#wpsm_accordion_947 .wpsm_panel-heading{\npadding:0px !important;\n}\n#wpsm_accordion_947 .wpsm_panel-title {\nmargin:0px !important; \ntext-transform:none !important;\nline-height: 1 !important;\n}\n#wpsm_accordion_947 .wpsm_panel-title a{\ntext-decoration:none;\ncolor:#000000 !important;\nfont-size:18px !important;\ndisplay:block;\npadding:0px;\nfont-family: Open Sans !important;\npadding-top: 10px;\npadding-bottom: 10px;\n\n}\n#wpsm_accordion_947 .wpsm_panel-title a:hover,#wpsm_accordion_947 .wpsm_panel-title a:visited, #wpsm_accordion_947 .wpsm_panel-title a:focus {\n\tcolor:#000000 !important;\n}\n#wpsm_accordion_947 .acc-a{\n\tcolor: #000000 !important;\n\tbackground-color:#ffffff !important;\n\tborder-color: #ddd;\n}\n#wpsm_accordion_947 .wpsm_panel-default > .wpsm_panel-heading{\n\tcolor: #000000 !important;\n\tbackground-color: #ffffff !important;\n\tborder-color: #ffffff !important;\n\tborder-top-left-radius: 0px;\n\tborder-top-right-radius: 0px;\n}\n#wpsm_accordion_947 .wpsm_panel-default {\n\t\n\tborder:1px solid transparent !important;\n\n\t}\n#wpsm_accordion_947 {\n\tmargin-bottom: 20px;\n\toverflow: hidden;\n\tfloat: left;\n\twidth: 100%;\n\tdisplay: block;\n}\n#wpsm_accordion_947 .ac_title_class{\n\tdisplay: inline-block;\n    padding-top: 5px;\n    padding-bottom: 5px;\n    padding-left: 13px;\n    padding-right: 10px;\n    border: 0px solid #ddd;\n\tfont-size:18px !important;\nfont-family: Open Sans !important;\n\t\n\n}\n#wpsm_accordion_947  .wpsm_panel {\n\toverflow:hidden;\n\t-webkit-box-shadow: 0 0px 0px rgba(0, 0, 0, .05);\n\tbox-shadow: 0 0px 0px rgba(0, 0, 0, .05);\n\t\n\t\tborder-radius: 4px;\n\t}\n#wpsm_accordion_947  .wpsm_panel + .wpsm_panel {\n\t\tmargin-top: 5px;\n\t}\n#wpsm_accordion_947  .wpsm_panel-body{\nbackground-color:#ffffff !important;\ncolor:#000000 !important;\nborder-top-color: #ffffff !important;\nfont-size:16px !important;\nfont-family: Open Sans !important;\noverflow: hidden;\n\nborder: 0px solid #ddd !important;\n\nborder-top:0px !important;\npadding-left: 60px;\n}\n\n#wpsm_accordion_947 .ac_open_cl_icon{\n\tbackground-color:#dd3333;\n\tcolor: #ffffff;\n\t\n     padding-top: 5px; \n     padding-bottom: 5px; \n\t margin-left:10px;\n    line-height: 1.0;\n    font-size:18px !important;\ntext-align: center !important;\n     width: 32px !important;\n    display: inline-block;\n\t\n\t\n}\n#wpsm_accordion_947 .ac_open_cl_number{\n width: 25px !important;\n    display: inline-block;\n\t margin-left:10px;\n\t text-align: center !important;\n\t font-size:18px !important;\n\n}\n\n\t\t\t\n\t\t\t\t\n#wpsm_accordion_947 .ac_open_cl_icon {\r\n    background-color: #8224e3;\r\n    color: #ffffff;\r\n    margin-left: 10px;\r\n    font-size: 10px !important;\r\n    text-align: center !important;\r\n    width: 20px !important;\r\n    display: inline-block;\r\n    border-radius: 50%;\r\n    height: 20px;\r\n    line-height: 21px;\r\n    padding-top: 0 !important;\r\n    display: none;\r\n}\r\n\r\n#wpsm_accordion_947 .wpsm_panel-body {\r\n    background-color: #f9f9f9!important;\r\n    color: #000000 !important;\r\n    border-top-color: #ffffff !important;\r\n    font-size: 16px !important;\r\n    font-family: Arial !important;\r\n    overflow: hidden;\r\n    border: 1px solid #ddd !important;\r\n    border-top: 0px !important;\r\n    padding: 19px;\r\n    text-align: left;\r\n}\r\n\r\n#wpsm_accordion_947 .wpsm_panel-default > .wpsm_panel-heading {\r\n    color: #000000 !important;\r\n    background-color: #ffffff !important;\r\n    border-color: #e6e6e6 !important;\r\n    border-top-left-radius: 0px;\r\n    border-top-right-radius: 0px;\r\n    border-bottom: 1px solid;\r\n}\r\n\r\n#wpsm_accordion_947 .ac_title_class {\r\n    display: inline-block;\r\n    padding-top: 5px;\r\n    padding-bottom: 5px;\r\n    padding-left: 0;\r\n    padding-right: 10px;\r\n    border: 0px solid #ddd;\r\n    font-size: 18px !important;\r\n    font-family: Arial !important;\r\n    text-align: left;\r\n    color: #5e107e;\r\n}\t\t\t\t\t\n\t\t\t<\/style>\n\t\t\t<div class=\"wpsm_panel-group\" id=\"wpsm_accordion_947\" >\n\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t  <!-- Inner panel Start -->\n\t\t\t\t  <div class=\"wpsm_panel wpsm_panel-default\">\n\t\t\t\t\t<div class=\"wpsm_panel-heading\" role=\"tab\" >\n\t\t\t\t\t  <h4 class=\"wpsm_panel-title\">\n\t\t\t\t\t\t<a   data-toggle=\"collapse\" data-parent=\"#wpsm_accordion_947 \" href=\"#ac_947_collapse1\"  >\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span  class=\"ac_open_cl_icon fa fa-minus\"><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"ac_title_class\">\n\t\t\t\t\t\t\t\tWhat is Become?\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t<\/a>\n\t\t\t\t\t  <\/h4>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"ac_947_collapse1\" class=\"wpsm_panel-collapse collapse_947 collapse in\"  >\n\t\t\t\t\t  <div class=\"wpsm_panel-body\">\n\t\t\t\t\t\tBecome is an end-to-end financial optimization platform for SMBs. Its one-of-a-kind loan marketplace uses advanced algorithms to provide SMBs with customized funding offers to help them grow and successfully scale their business. \r\n\r\nIn addition to its funding platform, Become\u2019s BeProfit dashboard provides online SMBs with the tools and insights needed to increase their bottom line. Available to Shopify merchants, the BeProfit profit calculator enables online stores to optimize their business and maximize their profits by tracking and analyzing their most important business metrics, helping them scale up for growth and compete for eCommerce success.\r\n\r\nBecome is rapidly growing with over 236,000 loyal business owners registered through its platform. The company has built an ecosystem of more than 50 leading lenders and Fintech partners including BlueVine, Fundbox, Funding Circle, Enova and Prospa, and has facilitated over $316 million in tailored SMB loans to date.\r\n\t\t\t\t\t  <\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t  <\/div>\n\t\t\t\t   <!-- Inner panel End -->\n\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t  <!-- Inner panel Start -->\n\t\t\t\t  <div class=\"wpsm_panel wpsm_panel-default\">\n\t\t\t\t\t<div class=\"wpsm_panel-heading\" role=\"tab\" >\n\t\t\t\t\t  <h4 class=\"wpsm_panel-title\">\n\t\t\t\t\t\t<a  class=\"collapsed\"  data-toggle=\"collapse\" data-parent=\"#wpsm_accordion_947 \" href=\"#ac_947_collapse2\"  >\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span  class=\"ac_open_cl_icon fa fa-minus\"><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"ac_title_class\">\n\t\t\t\t\t\t\t\tWhy should I apply for a business loan through Become?\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t<\/a>\n\t\t\t\t\t  <\/h4>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"ac_947_collapse2\" class=\"wpsm_panel-collapse collapse_947 collapse in\"  >\n\t\t\t\t\t  <div class=\"wpsm_panel-body\">\n\t\t\t\t\t\tBecome is an independent company providing a free service to small-to-medium businesses in the US and Australia. Because we don\u2019t provide the loans ourselves, we are working for you in order to help you find the right loan from the right lender.\r\n\r\n\r\nThese are the main benefits of choosing Become:\r\n\r\n<ul>\r\n        <li>Tailored dashboard helping you improve your fundability<\/li>\r\n \t<li>Easy online application<\/li>\r\n \t<li>Receive funds within days<\/li>\r\n \t<li>Flexible terms to suit your business<\/li>\r\n \t<li>Get up to $500,000 for any business purpose<\/li>\r\n \t<li>No charge to apply<\/li>\r\n \t<li>High approval rate<\/li>\r\n        <li>Easily collect, compare and choose the best funding option<\/li>\r\n \t<\/ul>\t\t\t\t\t  <\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t  <\/div>\n\t\t\t\t   <!-- Inner panel End -->\n\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t  <!-- Inner panel Start -->\n\t\t\t\t  <div class=\"wpsm_panel wpsm_panel-default\">\n\t\t\t\t\t<div class=\"wpsm_panel-heading\" role=\"tab\" >\n\t\t\t\t\t  <h4 class=\"wpsm_panel-title\">\n\t\t\t\t\t\t<a  class=\"collapsed\"  data-toggle=\"collapse\" data-parent=\"#wpsm_accordion_947 \" href=\"#ac_947_collapse3\"  >\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span  class=\"ac_open_cl_icon fa fa-minus\"><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"ac_title_class\">\n\t\t\t\t\t\t\t\tWhat are the loan terms and amounts?\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t<\/a>\n\t\t\t\t\t  <\/h4>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"ac_947_collapse3\" class=\"wpsm_panel-collapse collapse_947 collapse in\"  >\n\t\t\t\t\t  <div class=\"wpsm_panel-body\">\n\t\t\t\t\t\tGenerally, the minimum loan available from our partners is $5,000, and the maximum is $500,000, but businesses usually apply for up to $250,000. If you require an even higher amount, we do have a lending partner that funds up to $5 million. Most of the loans are unsecured, which means that you generally don\u2019t have to tie up your business assets. Repayments are flexible and are based on your monthly turnover. Loan terms are from 3-36 months.\t\t\t\t\t  <\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t  <\/div>\n\t\t\t\t   <!-- Inner panel End -->\n\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t  <!-- Inner panel Start -->\n\t\t\t\t  <div class=\"wpsm_panel wpsm_panel-default\">\n\t\t\t\t\t<div class=\"wpsm_panel-heading\" role=\"tab\" >\n\t\t\t\t\t  <h4 class=\"wpsm_panel-title\">\n\t\t\t\t\t\t<a  class=\"collapsed\"  data-toggle=\"collapse\" data-parent=\"#wpsm_accordion_947 \" href=\"#ac_947_collapse4\"  >\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span  class=\"ac_open_cl_icon fa fa-minus\"><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"ac_title_class\">\n\t\t\t\t\t\t\t\tHow quick does it take to get approved for a loan?\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t<\/a>\n\t\t\t\t\t  <\/h4>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"ac_947_collapse4\" class=\"wpsm_panel-collapse collapse_947 collapse in\"  >\n\t\t\t\t\t  <div class=\"wpsm_panel-body\">\n\t\t\t\t\t\tApplying for a loan through Become takes just a few minutes. Our loan partners generally approve qualified loan applications quickly. You could get funded in as little as 3 hours.\r\n\r\nPlease note that this time frame depends on the loan provider receiving all required documentation on time. If you need more urgent funding, please contact us and we will do our best to expedite the process for you.\t\t\t\t\t  <\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t  <\/div>\n\t\t\t\t   <!-- Inner panel End -->\n\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t  <!-- Inner panel Start -->\n\t\t\t\t  <div class=\"wpsm_panel wpsm_panel-default\">\n\t\t\t\t\t<div class=\"wpsm_panel-heading\" role=\"tab\" >\n\t\t\t\t\t  <h4 class=\"wpsm_panel-title\">\n\t\t\t\t\t\t<a  class=\"collapsed\"  data-toggle=\"collapse\" data-parent=\"#wpsm_accordion_947 \" href=\"#ac_947_collapse5\"  >\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span  class=\"ac_open_cl_icon fa fa-minus\"><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"ac_title_class\">\n\t\t\t\t\t\t\t\tHow does it work?\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t<\/a>\n\t\t\t\t\t  <\/h4>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"ac_947_collapse5\" class=\"wpsm_panel-collapse collapse_947 collapse in\"  >\n\t\t\t\t\t  <div class=\"wpsm_panel-body\">\n\t\t\t\t\t\t- Visit www.become.co\/apply\r\n- Select a loan amount and click Get Loan Offers.\r\n- Enter your business information and contact details.\r\n- Once you've completed your quick online application and meet the minimum funding requirements, Become will provide preliminary offers from lenders directly through our platform - including rates and terms.\r\n- Compare and choose your best loan offers and the lenders will contact you to finalize the process.\r\n\r\nIf you are currently ineligible for funding, you\u2019ll be redirected to Become's LendingScore\u2122 dashboard where you can get insight into the funding factors and receive and step-by-step instructions on how to improve your funding odds and access your optimal funding solution. As soon as you become fundable, Become will notify you of your funding options.\t\t\t\t\t  <\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t  <\/div>\n\t\t\t\t   <!-- Inner panel End -->\n\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t  <!-- Inner panel Start -->\n\t\t\t\t  <div class=\"wpsm_panel wpsm_panel-default\">\n\t\t\t\t\t<div class=\"wpsm_panel-heading\" role=\"tab\" >\n\t\t\t\t\t  <h4 class=\"wpsm_panel-title\">\n\t\t\t\t\t\t<a  class=\"collapsed\"  data-toggle=\"collapse\" data-parent=\"#wpsm_accordion_947 \" href=\"#ac_947_collapse6\"  >\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span  class=\"ac_open_cl_icon fa fa-minus\"><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"ac_title_class\">\n\t\t\t\t\t\t\t\tWhat are the requirements to apply for a loan?\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t<\/a>\n\t\t\t\t\t  <\/h4>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"ac_947_collapse6\" class=\"wpsm_panel-collapse collapse_947 collapse in\"  >\n\t\t\t\t\t  <div class=\"wpsm_panel-body\">\n\t\t\t\t\t\t<ul>\r\n \t<li>4 months in business with $10,000 monthly revenue or 6 months in business with $3,000 monthly revenue<\/li>\r\n \t<li>Business bank statements<\/li>\r\n \t<li>Other documentation dependent on lender<\/li>\r\n<\/ul>\r\nPlease note: Depending on your lender, other financial criteria may apply.\u00a0\t\t\t\t\t  <\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t  <\/div>\n\t\t\t\t   <!-- Inner panel End -->\n\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t  <!-- Inner panel Start -->\n\t\t\t\t  <div class=\"wpsm_panel wpsm_panel-default\">\n\t\t\t\t\t<div class=\"wpsm_panel-heading\" role=\"tab\" >\n\t\t\t\t\t  <h4 class=\"wpsm_panel-title\">\n\t\t\t\t\t\t<a  class=\"collapsed\"  data-toggle=\"collapse\" data-parent=\"#wpsm_accordion_947 \" href=\"#ac_947_collapse7\"  >\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span  class=\"ac_open_cl_icon fa fa-minus\"><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"ac_title_class\">\n\t\t\t\t\t\t\t\tHow much does it cost to apply for a loan?\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t<\/a>\n\t\t\t\t\t  <\/h4>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"ac_947_collapse7\" class=\"wpsm_panel-collapse collapse_947 collapse in\"  >\n\t\t\t\t\t  <div class=\"wpsm_panel-body\">\n\t\t\t\t\t\tThere is no charge to apply for a loan through Become and applications are obligation-free.\u00a0\r\n\t\t\t\t\t  <\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t  <\/div>\n\t\t\t\t   <!-- Inner panel End -->\n\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t  <!-- Inner panel Start -->\n\t\t\t\t  <div class=\"wpsm_panel wpsm_panel-default\">\n\t\t\t\t\t<div class=\"wpsm_panel-heading\" role=\"tab\" >\n\t\t\t\t\t  <h4 class=\"wpsm_panel-title\">\n\t\t\t\t\t\t<a  class=\"collapsed\"  data-toggle=\"collapse\" data-parent=\"#wpsm_accordion_947 \" href=\"#ac_947_collapse8\"  >\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span  class=\"ac_open_cl_icon fa fa-minus\"><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"ac_title_class\">\n\t\t\t\t\t\t\t\tAre the loans unsecured?\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t<\/a>\n\t\t\t\t\t  <\/h4>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"ac_947_collapse8\" class=\"wpsm_panel-collapse collapse_947 collapse in\"  >\n\t\t\t\t\t  <div class=\"wpsm_panel-body\">\n\t\t\t\t\t\tYes, the loans are generally unsecured. No security means you do not tie up your business assets. \r\n\t\t\t\t\t  <\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t  <\/div>\n\t\t\t\t   <!-- Inner panel End -->\n\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t  <!-- Inner panel Start -->\n\t\t\t\t  <div class=\"wpsm_panel wpsm_panel-default\">\n\t\t\t\t\t<div class=\"wpsm_panel-heading\" role=\"tab\" >\n\t\t\t\t\t  <h4 class=\"wpsm_panel-title\">\n\t\t\t\t\t\t<a  class=\"collapsed\"  data-toggle=\"collapse\" data-parent=\"#wpsm_accordion_947 \" href=\"#ac_947_collapse9\"  >\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span  class=\"ac_open_cl_icon fa fa-minus\"><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"ac_title_class\">\n\t\t\t\t\t\t\t\tWhich industries do you provide funding to?\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t<\/a>\n\t\t\t\t\t  <\/h4>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"ac_947_collapse9\" class=\"wpsm_panel-collapse collapse_947 collapse in\"  >\n\t\t\t\t\t  <div class=\"wpsm_panel-body\">\n\t\t\t\t\t\tLoans are granted to US businesses across all for-profit industries, including the following:\r\n<ul>\r\n \t<li>Real Estate<\/li>\r\n \t<li>Hospitality<\/li>\r\n \t<li>Retail & Fashion<\/li>\r\n \t<li>Manufacturing<\/li>\r\n \t<li>Hair & Beauty<\/li>\r\n \t<li>Automotive<\/li>\r\n \t<li>Trade & Labor<\/li>\r\n \t<li>Cleaning Services<\/li>\r\n \t<li>Many more industries<\/li>\r\n<\/ul>\t\t\t\t\t  <\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t  <\/div>\n\t\t\t\t   <!-- Inner panel End -->\n\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t  <!-- Inner panel Start -->\n\t\t\t\t  <div class=\"wpsm_panel wpsm_panel-default\">\n\t\t\t\t\t<div class=\"wpsm_panel-heading\" role=\"tab\" >\n\t\t\t\t\t  <h4 class=\"wpsm_panel-title\">\n\t\t\t\t\t\t<a  class=\"collapsed\"  data-toggle=\"collapse\" data-parent=\"#wpsm_accordion_947 \" href=\"#ac_947_collapse10\"  >\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span  class=\"ac_open_cl_icon fa fa-minus\"><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"ac_title_class\">\n\t\t\t\t\t\t\t\tWhat can I use the funds for?\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t<\/a>\n\t\t\t\t\t  <\/h4>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"ac_947_collapse10\" class=\"wpsm_panel-collapse collapse_947 collapse in\"  >\n\t\t\t\t\t  <div class=\"wpsm_panel-body\">\n\t\t\t\t\t\tThe business loans from our lending partners can be used for any business purpose. It is up to you to decide how you want to use the money. These are some of the most common ways that customers have used their loans:\r\n<ul>\r\n \t<li>Increase cash flow<\/li>\r\n \t<li>Pay expenses<\/li>\r\n \t<li>Purchase stock<\/li>\r\n \t<li>Hire more employees<\/li>\r\n \t<li>Upgrade equipment<\/li>\r\n \t<li>Renovations\/refurbishments<\/li>\r\n \t<li>Marketing<\/li>\r\n \t<li>Purchase a business<\/li>\r\n \t<li>Buy real estate<\/li>\r\n<\/ul>\t\t\t\t\t  <\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t  <\/div>\n\t\t\t\t   <!-- Inner panel End -->\n\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t  <!-- Inner panel Start -->\n\t\t\t\t  <div class=\"wpsm_panel wpsm_panel-default\">\n\t\t\t\t\t<div class=\"wpsm_panel-heading\" role=\"tab\" >\n\t\t\t\t\t  <h4 class=\"wpsm_panel-title\">\n\t\t\t\t\t\t<a  class=\"collapsed\"  data-toggle=\"collapse\" data-parent=\"#wpsm_accordion_947 \" href=\"#ac_947_collapse11\"  >\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span  class=\"ac_open_cl_icon fa fa-minus\"><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"ac_title_class\">\n\t\t\t\t\t\t\t\tWhat is the interest rate of the loan?\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t<\/a>\n\t\t\t\t\t  <\/h4>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<div id=\"ac_947_collapse11\" class=\"wpsm_panel-collapse collapse_947 collapse in\"  >\n\t\t\t\t\t  <div class=\"wpsm_panel-body\">\n\t\t\t\t\t\tBusiness loan repayments are not based on interest rates. Instead, you get a total payback amount, which is agreed upfront. This payback amount is based on your business type and your loan term. This loan structure is beneficial for your business cash-flow because you will know your total costs upfront.\t\t\t\t\t  <\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t  <\/div>\n\t\t\t\t   <!-- Inner panel End -->\n\t\t\t\t\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<script>\n\tjQuery(document).ready(function() {\n\t\t\n\t\t\tjQuery('.collapse_947').on('shown.bs.collapse', function(){jQuery(this).parent().find(\".fa-plus\").removeClass(\"fa-minus\").addClass(\"fa-minus\"); jQuery(this).parent().find(\".wpsm_panel-heading\").addClass(\"acc-a\"); }).on('hidden.bs.collapse', function(){jQuery(this).parent().find(\".fa-minus\").removeClass(\"fa-minus\").addClass(\"fa-plus\"); jQuery(this).parent().find(\".wpsm_panel-heading\").removeClass(\"acc-a\");});\n\t\t\n\t\t});\n\t<\/script>\n\t\t\n","protected":false},"excerpt":{"rendered":"&hellip; <a href=\"https:\/\/www.become.co\/blog\/?p=947\" class=\"read-more\">Read more <\/a>","protected":false},"author":1,"featured_media":18953,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-928","page","type-page","status-publish","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>FAQ - Business Funding | become.co<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.become.co\/blog\/fq\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"FAQ - Business Funding | become.co\" \/>\n<meta property=\"og:description\" content=\"&hellip; 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