Frequently Asked Question

Bh Funding Source offers an unsecured line of credit. Our term loan is secured, but to provide maximum flexibility, we don’t require any specific amount, type or value of collateral. Plus, there is no appraisal or specific assets required.

Instead, we secure our term loans by placing a general lien on the assets of the business and they’re backed by a personal guarantee. We don’t take personal assets of the guarantors as collateral.

For term loans, your rate will be determined by the health of your business and cash flow. We charge an origination fee of 0% to 4% on your loan, and if you renew you may be eligible for subsequent reductions.

No. If you apply for funding from Bh Funding Source, there is no obligation to accept the loan offer. Your loan offer is valid for 30 days, at which time it expires.

Bh Funding Source can deliver decisions in minutes and funding as soon as the same day.†

Bh Funding Source can deliver decisions in minutes and funding as soon as the same day.†

We fund term loans through the Automated Clearinghouse (ACH) system. If you’re approved, the funds will be deposited into your business bank as soon as the same day.†

Yes, currently Bh Funding Source only supports daily draws of $10,000 or less via instant funding.* For draws of more than $10,000 please use ACH.

Keep in mind your bank may have its own daily, weekly or other transfer restrictions on push-to-debit transfers as well. (A push-to-debit transfer is the payment technology that makes instant funding* possible.)

Bh Funding Source will deduct payments from your business bank account on a daily, weekly or monthly basis, depending on what type of funding you’re approved for.

As an Bh Funding Source customer, you’ll have access to an online account where you can monitor your loan and payment activity.

This number will vary depending on the funding you receive and how close you are to paying off the balance. You can check your monthly statements, which you can access through your online account. If there isn’t a statement available, give us a call at (888) 556-3483 and one of our loan advisors will be happy to help.

You may be eligible for additional funding if you’ve reached six months of repayment or you’ve paid down 40% of your term loan — whichever comes first. However, you may want to speak with your loan advisor for more information before applying.