Lodgehollow Funding Group answers questions that owners in New Bern, NC and Craven County may have before requesting funding: how long approval and underwriting take, what credit score partners want, which documents to gather, and how the six funding structures differ. Lodgehollow matches your request with funding partners, who review it and make their own decision.
Timing
Approval time for a business loan: what decides it?
It depends on the partner, the structure and how complete your file is. No one can promise a timeline honestly; having bank statements and entity documents ready helps.
Applying for a business loan: how much of your time does it take?
The short form asks for contact details and three picks. Gathering the documents is the longer part, which is why the four-step process lists them up front.
Underwriting a business loan: why do some take longer?
Underwriting means the partner reading your file line by line. A request with tax returns, appraisals or a business purchase gives the partner more to read. Missing pages and unexplained deposits can cause delay.
Credit and Requirements
Which credit score does a business loan need?
Partners do not share one cutoff score. Each partner sets its own criteria and weighs credit together with cash flow, time in business and collateral. A lower score can narrow the options and change the terms offered; it does not always end the conversation.
Will requesting funding affect my credit?
A partner may run a credit check with your permission once your file is under review. Ask the partner whether its check is a soft or hard inquiry.
Documents
Which records go on a business loan documents list?
Typically three to six months of business bank statements, entity documents and active status, a debt schedule, and for larger requests tax returns and financial statements. Equipment requests add the quote; purchases add the agreement. The request page lists what to have ready.
Do I upload documents with the form?
No. The form collects contact details, company name and three picks. Documents come later, once we know which option fits.
Costs and Offers
How much does business funding cost?
Cost depends on the structure, the partner, the term and your business's profile, and no figure can be quoted in advance. Compare offers by the total repaid or remitted, every fee and the payment schedule.
If an offer arrives, must I take it?
No. An offer is not binding until you sign the partner's agreement, and you can decline it.
Is an advance on card receipts really a loan?
No. It is a purchase of future receipts, collected until an agreed total is remitted. The merchant cash advance page explains how to compare its cost.
How Lodgehollow Works
Is Lodgehollow Funding Group a lender?
No. Lodgehollow prepares and routes requests; funding partners make the credit decisions and set rates and terms. The disclosures page covers the relationship in detail.
Which funding options are available?
Six: working capital, term loans, credit lines, inventory and equipment financing, plus merchant cash advances, which are not loans. The comparison page sorts them by purpose.
Do you arrange startup, SBA or personal loans?
No. Those are outside what Lodgehollow arranges, and we do not offer grants.
By Lodgehollow Funding Group · Updated