FAQ — The Cool Cap

Question 1

Who is eligible to apply for funding?

Accepted Answer

Any U.S.-based business that has been operating for at least 6 months and generates a minimum of $10,000 in monthly revenue is eligible to apply. We work with businesses across all industries — from restaurants and retail to construction and professional services.

Question 2

Does my credit score affect my application?

Accepted Answer

We do not require a minimum credit score to apply, and we do not run a hard credit pull during the initial review. We evaluate your business holistically — revenue, cash flow, and trajectory matter far more to us than a three-digit number.

Question 3

Can startups or new businesses apply?

Accepted Answer

Yes. We offer a dedicated Startup Capital product for businesses under 12 months old. Requirements differ slightly — reach out to our team or select 'Startup Capital' on the application to learn more about what we look for.

Question 4

Do I need collateral to qualify?

Accepted Answer

Most of our products are unsecured, meaning no collateral is required. For larger funding amounts (typically $1M+), we may discuss a general lien on business assets, but this is evaluated case by case.

Question 5

How much can I borrow?

Accepted Answer

We fund businesses from $10,000 up to $5,000,000 depending on the product and your business profile. Business loans range from $25K–$5M, lines of credit up to $500K, and equipment financing up to 100% of the equipment cost.

Question 6

How is my funding amount determined?

Accepted Answer

Your offer is based on several factors: monthly revenue, time in business, industry, cash flow patterns, and the specific product you're applying for. Our underwriters review each application individually to find the right fit.

Question 7

Can I apply for more funding after my first loan?

Accepted Answer

Absolutely. Many of our clients return for additional capital as their businesses grow. Repeat clients often receive faster approvals and more favorable terms based on their repayment history with us.

Question 8

How long does the application take?

Accepted Answer

The application itself takes under 5 minutes to complete. We ask for basic business information and recent bank statements — no lengthy paperwork or in-person meetings required.

Question 9

How quickly will I receive a decision?

Accepted Answer

Most applications receive a decision within 24–48 business hours. Complex applications or larger funding requests may take slightly longer, but we'll always keep you informed of your status.

Question 10

How soon will funds be deposited after approval?

Accepted Answer

Once you accept your offer and complete the final paperwork, funds are typically deposited into your business bank account within 1–3 business days. In many cases, same-day or next-day funding is available.

Question 11

What documents do I need to apply?

Accepted Answer

To get started, you'll need: 3–6 months of business bank statements, basic business information (EIN, legal name, address), and a government-issued ID. For larger amounts, we may request additional financial documents.

Question 12

Is there any obligation when I apply?

Accepted Answer

None at all. Submitting an application is completely free and non-binding. You'll receive an offer to review, and you decide whether to move forward. There's no pressure and no hard credit pull at the application stage.

Question 13

What happens after I accept an offer?

Accepted Answer

After accepting, you'll complete a brief final verification and sign your agreement digitally. Our team will then initiate the fund transfer. The entire post-acceptance process typically takes less than 24 hours.

Question 14

How do repayments work?

Accepted Answer

Repayment structures vary by product. Business loans have fixed monthly payments. Lines of credit are revolving — you draw and repay as needed. Equipment financing aligns with the useful life of the asset. All terms are clearly outlined before you sign.

Questions, Answered.

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