Common questions
Common questions. Straight answers.
Search 32 questions across eligibility, products, repayment, and more. Or browse by topic.
32 questions across 6 topics
Eligibility
Application process
Products
Repayment
Credit & security
About ICG
What credit score do I need to qualify?
ICG accepts personal credit scores as low as 500. We primarily underwrite based on your business revenue and cash flow, not your credit history. A lower credit score does not rule you out if your business generates consistent income.
How long does my business need to be operating?
Most ICG products require a minimum of 6 months in business. SBA loans and some term loan programs require 1–2 years. The key factor is consistent revenue generation during your operating history.
What is the minimum revenue requirement?
We generally require $15,000 or more in monthly business revenue. This is verified through your business bank statements. Some products (SBA loans, equipment financing) may have slightly higher minimums.
Can I qualify if I was rejected by a bank?
Yes. The majority of our clients have been turned down by traditional banks. Banks primarily evaluate credit scores and collateral. ICG primarily evaluates revenue and business performance, a fundamentally different approach that produces a fundamentally different answer.
Do you fund startups?
ICG requires at least 6 months of operating history with verifiable revenue. Pre-revenue startups are not eligible for most programs. If you have been operating for less than 6 months but have strong revenue, contact us to discuss options.
Is there an industry restriction?
ICG funds most legal industries. We specialize in restaurants, construction, healthcare, trucking, retail, and auto repair, but we are not limited to these verticals. Some restricted industries include firearms, adult entertainment, and cannabis (state-dependent).
How long does the application take?
The initial application takes just a few minutes. You will need your desired funding amount, basic business information, and contact details. No financial statements or tax returns are required at this stage.
Does applying affect my credit score?
No. The initial application triggers only a soft credit inquiry, which does not impact your credit score. A hard inquiry may occur only after you review and accept a specific funding offer.
What documents will I need?
For most products, we require 3–6 months of business bank statements and a valid government-issued ID. SBA loans require additional documentation including tax returns and financial statements.
How soon will I receive an offer?
Most applicants receive a preliminary offer within 2–4 hours of submitting a complete application with bank statements. Some offers are generated within minutes.
Can I apply on behalf of my client's business?
ICG works directly with business owners. If you are a CPA, attorney, or advisor referring a client, you are welcome to share our information with them, but the application must be submitted by an authorized owner of the business.
What products does ICG offer?
ICG offers revenue-based funding, term loans, business lines of credit, business cash advances, invoice factoring, equipment financing, bridge capital, SBA 7(a) loans, and same-day funding. The right product depends on your use of funds, time horizon, and qualification profile.
Which product is right for my business?
Ongoing operational capital with flexible qualification? Revenue-based funding. Predictable monthly payments? Term loan. Flexible access over time? Line of credit. Equipment purchase? Equipment financing. Long-term real estate or acquisition? SBA 7(a). Your funding specialist will recommend the best fit during application.
Can I have more than one product at once?
Yes. Many ICG clients carry a working-capital product alongside equipment financing or an SBA loan. Each product is underwritten independently, and stacking is evaluated based on overall debt service coverage.
Do you offer SBA loans directly?
Yes. ICG processes SBA 7(a) loans directly with expedited documentation. Typical closings are 45–90 days depending on application complexity and SBA queue times.
What's the difference between revenue-based funding and a business cash advance?
Both use factor rates and flexible repayment. Revenue-based funding is usually structured as a loan with fixed daily/weekly debits against total business revenue. A BCA is a purchase of future card receivables with daily remittance as a percentage of card settlements. BCAs fit card-heavy businesses; revenue-based funding fits broader revenue profiles.
How fast can I get funded?
Most funding is deposited within 24 hours of accepting your offer. Same-day funding is available for applications approved before 11 AM ET. Invoice factoring can fund same-day once the facility is set up. SBA loans typically take 30–90 days due to federal requirements.
How does repayment work?
Repayment depends on the product. Revenue-based funding uses fixed daily or weekly automatic debits. Term loans use fixed monthly payments. Lines of credit require minimum monthly payments on your drawn balance. BCAs use daily remittance as a percentage of card sales. All repayment terms are clearly disclosed before you accept.
Are there prepayment penalties?
Most ICG products allow early repayment with a discount on the remaining balance. Specific prepayment terms are disclosed in your funding agreement before you accept.
What are the rates and costs?
Rates vary by product and applicant profile. Revenue-based funding uses factor rates (typically 1.15–1.45). Term loans use APR (typically 8–25%). Lines of credit charge monthly interest on the drawn balance only (1.5–3% per month). All rates and total repayment costs are disclosed transparently in your offer, before you commit to anything.
Can I get additional funding?
Yes. After establishing a payment history with ICG, many clients qualify for additional rounds of funding, often at improved rates. We proactively reach out to clients who may benefit from additional capital.
What happens if I miss a payment?
Contact us immediately if cash flow issues arise. Restructure and modification options are available to clients in good standing, but they must be requested before a payment is missed. A single missed payment triggers standard collections procedures per your funding agreement.
Is my information secure?
Yes. All data transmitted through our application is protected by 256-bit SSL encryption, the same standard used by major banks. Your information is stored on encrypted servers with strict access controls.
Do you sell my data?
Absolutely not. We never sell, share, or distribute your information to third parties, lead aggregators, or marketing companies. Your application data is used solely to evaluate and facilitate your funding request. No spam calls. No data auctions.
What happens to my application after I apply?
It stays with us. One team reviews it and one point of contact walks you through your options. We don't sell your information or shop your file out to third parties, so you won't get buried in follow-up calls from companies you never contacted.
Will applying hurt my credit?
No. The initial application uses a soft credit inquiry only. A hard pull, which can affect your score by a few points for 12 months, may occur only after you review and accept a funding offer.
Do you report to personal credit bureaus?
ICG reports business-credit performance to commercial bureaus such as Paynet and D&B. Personal credit-bureau reporting depends on the product and whether a personal guarantee is attached; this is disclosed in your funding agreement.
Where is ICG Funding based?
ICG Funding operates from our Brooklyn office at 1315 Ave J, Brooklyn, NY 11230. We fund businesses nationwide across all 50 states.
How is ICG regulated?
Commercial small-business financing is regulated differently from consumer lending. ICG Funding maintains the registrations and disclosures applicable to our activities; specific state-level information is available on request.
What makes working with ICG different?
You work with one ICG specialist from application through funding, not a call center. We do not sell your contact information to third-party marketing databases or spin your file into a lead-generation list that produces follow-up calls from unrelated companies.
Can I visit your office?
Yes. Our Brooklyn office is open Monday–Friday, 9 AM to 6 PM ET. Call (646) 813-4633 to schedule a meeting with an underwriter or funding specialist.
Who owns ICG Funding?
ICG Funding is a trade name of Infinite Capital Group, a privately held, US-based small-business funding company. Ownership and leadership information is available on our About page.
Still have questions?
Talk to a specialist.
Our funding specialists are available Monday to Friday, 9 AM to 6 PM ET.