Frequently asked questions
Straightforward answers about how Avenlo Funding works. If you don't see what you're looking for, feel free to reach out.
What is Avenlo Funding?
Avenlo Funding helps U.S. business owners navigate business financing opportunities. We help facilitate the process and connect eligible businesses with financing opportunities available through participating third-party providers.
Is Avenlo Funding a lender?
No. Avenlo Funding is not a bank and is not a direct lender. We provide facilitation and related services and may connect applicants with independent third-party financing providers who make actual lending or financing decisions.
How does the funding process work?
You start by applying through our secure funding application process. From there, your information is used to evaluate potential financing opportunities with participating providers. If an option is available, you can choose whether to move forward with that provider.
What types of business financing may be available?
Depending on eligibility and participating providers, options may include business term loans, business lines of credit, working capital, equipment financing, SBA financing, and revenue-based financing. You can learn more on our Funding Options page.
What can business funding be used for?
Business owners generally use financing for needs such as working capital, equipment purchases, expansion, payroll, inventory, or managing cash flow. Permitted uses can vary by provider and financing type.
What information will I need when applying?
The application process, handled through our secure funding application, will guide you through the specific information needed to evaluate your business's financing options. We do not collect that information on this website.
Does applying guarantee approval?
No. Submitting an application does not guarantee approval or funding. All financing is subject to the applicable provider's underwriting, eligibility requirements, and approval decision.
How long does the process take?
Timelines vary by provider, financing type, and the completeness of the information provided. We are not able to guarantee a specific timeline for any individual application.
What determines eligibility?
Eligibility criteria are set by each participating provider and can depend on factors such as business history, revenue, and other underwriting considerations. Requirements vary by provider and financing type.
Can newer businesses apply?
Businesses at different stages may be able to apply. Whether a newer business qualifies for a particular financing option depends on the specific provider's eligibility requirements.
What industries can apply?
Businesses across a range of industries may apply. Availability of specific financing options for a given industry depends on participating providers' guidelines.
Will my credit be checked?
Credit review practices vary by provider and financing product. Details about any credit check will be presented as part of the applicable provider's process.
Are there fees?
Fees, if any, vary by provider and financing product. Any applicable fees would be disclosed by the provider as part of their offer or agreement.
What happens after I apply?
After you complete the secure funding application, your information is used to evaluate potential financing opportunities. If matching options are available, you'll be able to review them and decide whether to move forward with a participating provider.
Who provides the financing?
Financing is provided by independent third-party providers who participate in our network, not by Avenlo Funding directly. Terms, rates, and requirements are set by each provider.
Ready to see your funding options?
Apply for funding to continue to our secure application process.