FAQ — RS Funding

Question 1

Who is eligible to apply for funding?

Accepted Answer

We work with a wide range of applicants — from established businesses to individuals with varying credit profiles. For business funding, we typically look for at least 3 months in operation and consistent monthly revenue. For personal loans, eligibility is based on income, credit history, and other factors. We encourage you to apply and let our team assess your situation directly.

Question 2

Do I need perfect credit to qualify?

Accepted Answer

No. We understand that credit scores don't tell the whole story. While creditworthiness is one factor we consider, we also look at cash flow, business performance, and overall financial picture. Many of our clients have been approved with less-than-perfect credit.

Question 3

Can startups or new businesses apply?

Accepted Answer

For merchant cash advances and business loans, we generally require at least 3 months of operating history and documented revenue. If your business is brand new, a personal loan may be a better fit while you establish your business track record.

Question 4

What are your interest rates?

Accepted Answer

Rates vary depending on the product, loan amount, term length, and your financial profile. We don't publish a single rate because every situation is different — our goal is to find the most competitive terms available for your specific circumstances. You'll receive a clear breakdown of all costs before you accept any offer.

Question 5

Are there any hidden fees?

Accepted Answer

No. Transparency is a core value at RS Funding. All fees, factor rates, and repayment terms are disclosed upfront before you sign anything. We never add surprise charges after the fact.

Question 6

How much funding can I receive?

Accepted Answer

Funding amounts vary by product and eligibility. Merchant cash advances and business loans can range from a few thousand dollars to several hundred thousand, depending on your revenue and qualifications. Personal loans are typically smaller. Our team will work with you to determine the right amount for your needs.

Question 7

How long does the application take?

Accepted Answer

Our online application takes most applicants under 10 minutes to complete. We ask for basic information about you or your business, along with a few supporting documents. No lengthy paperwork or branch visits required.

Question 8

Will applying affect my credit score?

Accepted Answer

Submitting an application does not trigger a hard credit pull. We perform a soft inquiry during the initial review, which has no impact on your credit score. A hard pull may occur only if you proceed to final approval and accept an offer.

Question 9

How quickly will I receive a decision?

Accepted Answer

Most applicants receive a decision within 24 hours of submitting a complete application. In many cases, we can provide same-day feedback. Once approved, funds are typically deposited within 1–2 business days.

Question 10

How does repayment work for a merchant cash advance?

Accepted Answer

With a merchant cash advance, repayment is tied to your daily or weekly sales. A fixed percentage of your revenue is automatically remitted until the advance is repaid. This means payments flex with your cash flow — you pay more when business is strong and less during slower periods.

Question 11

Can I pay off my loan early?

Accepted Answer

Yes. We encourage early repayment and in many cases offer prepayment discounts. Specific terms depend on your product and agreement — our team will walk you through the details before you sign.

Question 12

What happens if I miss a payment?

Accepted Answer

We understand that unexpected things happen. If you're facing difficulty making a payment, contact us as soon as possible. Our team will work with you to explore options and find a solution. We'd rather communicate proactively than let a small issue become a larger problem.

Your Questions, Answered.

Eligibility

Rates & Terms

Application Process

Repayment

Still Have Questions?