Question 1

How much working capital can I receive?

Accepted Answer

We provide working capital for small businesses with as little as $5,000 and all the way up to $2,000,000.

Question 2

I have a low credit score. Can I still qualify?

Accepted Answer

Of course! At Sapphire Advance, we know your business’s credit score doesn’t always tell the whole story. That’s why we don't make any score effecting credit inquiries and our approvals are based on more than just your credit worthiness. We look at the overall health and potential of your business, including:
 • Business revenue
 • Cash flow
 • Vendor payment history
 • Years in business
 • Public records

Question 3

Where do you fund small businesses?

Accepted Answer

We fund businesses in the United States, including all 50 U.S. States. We currently do not offer our services to any businesses operating outside of the U.S.

Question 4

How fast can I receive the funds for my business?

Accepted Answer

Our application process is built around an in-house communication center that gives our Funding Advisors and underwriters instant access to the information they need to approve your business. Your funding can be approved in as little as 2-5 business hours, with working capital available in as little as one business day.

Question 5

What type of businesses does Sapphire Advance Finance?

Accepted Answer

We fund businesses in most industries, including high risk industries. This includes attorneys, dental practices, medical practices, automotive dealers, construction companies, restaurants, retailers, manufacturers, gas stations, dry cleaners, pharmacies, business services, and more.

Question 6

What information do you need from me to apply?

Accepted Answer

The information we need typically depends on the funding amount you are applying for. We may need:
 • Business bank statements for the last 3 months
 • A completed Sapphire Advance application
 • Emailed or faxed photocopy of your driver’s license

Question 7

If I need additional funding, can I apply for another cash advance?

Accepted Answer

Yes. Once you have repaid at least 50% of your original cash advance, you are eligible to apply for another cash advance called a renewal. In most cases, Sapphire Advance will also look to increase the amount of the advance you are eligible to receive.

Question 8

Do you fund startups?

Accepted Answer

Unfortunately, we do not fund startups. To qualify for funding with Sapphire Advance, your business must be in operation for at least 3 months.

Question 9

Are there restrictions on the use of the working capital received?

Accepted Answer

No. We trust that small business owners know best how to use their funding, so we don’t restrict how you use your funds.

SAPPHIRE
ADVANCE

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