(Frequently Asked Questions)

The interest rate varies by program and individual. The interest rate provided without document review is meaningless.


Therefore, we offer a free pre-approval process without obligation. If the pre-approval is not satisfactory, you are not obligated to proceed. Since each program has different guidelines and criteria, we provide several options to choose from, typically 2-4 options.

Pre-approval typically takes 1-2 days. Once you provide a few necessary documents, we can inform you for free about the business loans available to you.


Once pre-approved, you’ll learn the loan amount, interest rate, terms, fees, and the time it will take to process the loan. If you choose a loan option, you’ll then proceed for that program.

When applying for a business loan, there may be different origination fees and processing fees for each program. We will inform you of these fees when you receive pre-approval.


As for separate processing fees charged by us, many programs do not have them, but if they do, we will inform you in advance. Usually, lenders pay us fees, but if not, we will inform you beforehand and proceed with your permission.

When applying for a business loan pre-approval, they do check your credit, but it’s a soft credit pull, so your credit score won’t be affected. Many non-bank programs also use soft pulls when lending, but with bank loans, a hard pull is typically done at the end.


  • Soft credit pull: Credit inquiry that doesn’t affect your score.
  • Hard credit pull: Credit inquiry that does affect your score, usually dropping it by 2-5 points.

In contrast to personal loans, business loans are not reported on personal credit. However, the institution or company providing the business loan has the right to file a UCC (Uniform Commercial Code) against the borrowing company. This record is associated with the business, not the individual’s credit. After repaying the loan, the company files a UCC Termination. Positive repayment history on a business loan impacts business credit but has minimal effect on personal credit.

  1. Interest deduction is possible: When reporting taxes, the interest portion of the loan repayment can be 100% deductible. Please contact us when filing taxes so we can assist you in obtaining payment history.
  2. You can build business credit.
  3. Receiving a business loan does not affect personal credit.

No, there’s no need for you to come in person. We handle documents via email and phone from the start of the loan process. We conduct all business with clients across the United States and various banks or financial companies through email, phone and the internet.

Among non-bank programs, there are options available for individuals with poor personal credit but with a decent business operation. Feel free to apply for a free pre-approval.

  1. Payment History:

    Records of using and repaying credit. It’s important to consistently make timely payments on credit cards, auto leases or loans, mortgages, etc., without delay.

  2. Amount Owed vs Credit Limit:

    This is commonly misunderstood. When checking your credit, if you’re utilizing over 50% of your credit limit at that moment, your credit score starts to drop, and maxing out your limit can significantly decrease it. Even if you pay off all your monthly expenses, it’s crucial to keep your credit utilization below 50% of your limit at all times to maintain a good score.

    Thus, using personal credit cards for business expenses can be risky as it may lower your score. Credit cards should be used for the purpose of improving and managing credit scores.

    Additionally, leaving around 10% of your balance and paying off the rest each month, along with paying some card company fees and interest, can help increase your credit limit quickly.

  3. Length of Credit History:

    The longer you’ve been using credit, the better for your credit score. It’s advisable to keep old credit cards active and consistently use them.


<Credit Bureaus>

In the United States, there are three major credit bureaus. It’s recommended to check your credit report once a year with a soft pull from each bureau to address any discrepancies.


  • Experian
  • Equifax
  • TransUnion

Most of financing programs are from US banks or financial companies, but we provide assistance in Korean from the beginning to the end of the loan process.

In cases of financial difficulty where repayment becomes challenging, it’s important to contact and work with the accounting department of the current financing company.  You may negotiate a temporary repayment plan for your hardship and prevent judgments to minimize losses. Even if you repay the judgement later, judgment records don’t disappear quickly, and remain on record for a long time. In such cases, it may be very difficult to obtain business loans again.