Frequently Asked Questions? We Have Answers
Here are some of our most asked questions. If you don’t see the answer to your question, please scroll down and submit it to us. We will quickly get in touch and provide the answer.
Churchill Commercial Funding was established to give small business owners alternatives to conventional lending. We provide alternate financing options for small to medium sized business owners who have difficulty in obtaining traditional financing, and require a fast, customized service to match them with the appropriate lender.
CCF was created by business owners and a career CFO who understands firsthand the frustrations and pitfalls of trying to obtain financing beyond the local bank. Assisting fellow business owners to navigate these challenges was a major factor in the decision to establish CCF.
CCF was founded in February 2017, but the founders, advisors, and team have been involved in the alternative financing industry for 30+ years.
CCF protects your credit score from hard inquiries. Instead we arrange for “soft pulls” that won’t affect your credit score.
For a pre-qualification and most pre-approvals, will only require a soft credit inquiry. At loan closing a hard credit inquiry is usually done.
Soft inquiries do not affect your credit score. Hard inquiries do appear on your credit report and each can decrease your credit score by ~10 points.
CCF facilitates loans to businesses based on:
- Asset Based (business or personal)
- Business Income
- Personal and/or business credit
The precise type of loan or funding may be a combination of the above, and so a discussion with one of our loan specialists would be beneficial.
CCF arranges loans in amounts from $25,000 to $5,000,000.
Interest rates vary based on the product, type of financing, and the specific customer risk as determined by the lender(s). However, we seek to find our customers funding appropriate to their needs and with competitive terms and interest rates.
CCF has loan products that accept a FICO score of 500. However others require 600 and 650 or above, depending on the type of financing required.
CCF is not a direct lender. We are consultative intermediary. In many ways we feel this is advantageous to our clients as we have developed an extensive and nationwide network of lenders with varying specialties, industry focus, criteria and risk appetites.
This allows us to “shop” your deal among lenders for an appropriate financing solution that fits your needs.
HAVE A QUESTION? REACH OUT TODAY!
Whether you have a question about our services, need assistance or just want to talk, we want to hear from you.