Question 1

What documents will I need to apply?

Accepted Answer

Lenders typically want to see your business bank statements from the last 3–6 months.   Some may ask for your driver’s license, voided check, or proof of business ownership.
 If you're applying for equipment financing, they'll also want an invoice or quote.
 We try to keep it simple—no tax returns or business plans required in most cases.

Question 2

Will I have to give a personal guarantee?

Accepted Answer

In most cases, yes—especially for unsecured funding like a working capital advance or line of credit. A personal guarantee basically means you're promising to repay the loan if the business can’t.

That said, some equipment financing options may not require one, depending on your credit and time in business.

Question 3

Do I need collateral for a business loan?

Accepted Answer

Not always. Most short-term working capital products are unsecured, meaning you don’t need to pledge collateral.

However, if you’re applying for larger loans, lines of credit, or SBA loans, collateral might be part of the deal. We can walk you through your options either way.

Question 4

What’s the difference between Section 179 and bonus depreciation?

Accepted Answer

Section 179 lets you write off the full cost of qualifying equipment in the year you buy it—up to a certain limit.

Bonus depreciation also allows a full write-off, but it kicks in after you hit your Section 179 cap.
Both are valuable tools to lower your tax bill when you invest in equipment.

Question 5

Which industries can benefit from our funding solutions?

Accepted Answer

We support businesses in construction, trucking, manufacturing, trades, automation, logistics, and more. If your work involves equipment or materials, we’re here to help you secure the funding you need.

Question 6

Does my business need to be profitable to qualify?

Accepted Answer

No. Many of the programs we work with are based on cash flow, not profits on paper.
 As long as you’re bringing in consistent monthly revenue, there may be funding options available—even if your business is new or operating at a loss.

Question 7

Is it possible to use business funding to pay off debt or back taxes?

Accepted Answer

Yes, often you can. If you’re facing IRS liens or multiple daily payments that are draining your cash flow, we might help you refinance or consolidate. It depends on your debt amount and revenue, but it’s worth exploring.

Question 8

How much does business funding really cost?

Accepted Answer

That depends on the type of product, term length, and how strong your file is (credit, revenue, time in business).
 Some funding is priced as a flat fee (like a merchant cash advance), while others have interest rates.
 We walk you through the total cost, not just the rate, so you know what you're signing up for.

Question 9

When should I consider refinancing my business debt?

Accepted Answer

If you’ve got multiple advances, high daily payments, or your business has grown since you first got funding, refinancing could save you money and free up cash flow.
 It’s also worth checking if you qualify for longer terms or a lower rate now.

Question 10

How is a business line of credit different from a loan?

Accepted Answer

A loan gives you a lump sum up front, with fixed payments.
 A line of credit lets you draw funds as needed, kind of like a business credit card—but with better rates and higher limits.
 You only pay interest on what you use, and it can be a flexible tool for managing cash flow.

Question 11

Is it better to get funding from a bank or a private lender?

Accepted Answer

Banks usually offer lower rates, but they’re much slower and stricter with approvals.
 Private lenders (like us) can fund you faster, with fewer documents, and often approve businesses that banks won’t touch.
 It depends on how quickly you need the funds and what your profile looks like.

Question 12

Who actually funds my loan? Are you a lender or a broker?

Accepted Answer

I fund many of my own deals through Golden Sun Funding, which gives me more control over approvals and terms and allows me to walk you through the process.
 Either way, I only move forward if I believe it’s a smart fit for your business.

Question 13

Do I need to have a business plan to qualify?

Accepted Answer

Nope. We don’t need to see a formal business plan to get you funded.
 What matters most is your revenue, bank activity, and how long you’ve been operating.
 Save the pitch decks—we’re looking at the real-world numbers.

Question 14

Why do lenders request business bank statements?

Accepted Answer

Bank statements reveal your cash flow, which is crucial for lenders. They help us understand your average daily balance, revenue trends, and your ability to afford payments. Think of it as checking your business’s heartbeat.

Question 15

How can I use equipment financing to grow my business?

Accepted Answer

Equipment financing lets you get the tools you need now, without draining your cash flow.
 Instead of paying $50K upfront for a machine, you make smaller monthly payments and keep your capital free for payroll, materials, or marketing.
 It’s a great way to scale without slowing down.

BRILLIANCE

Frequently Asked Questions