Small Business Loans F.A.Q's
Why choose KV Management?
KV Management was founded to serve Main Street businesses that are
unable to qualify for traditional loans or need fast access to capital. By
focusing primarily on business performance, rather than just the
personal credit score of the business owner, we can offer healthy
businesses quick access to affordable loans so they can meet their daily
operating needs and achieve long-term goals.
Is KV Management a merchant cash advance company?
No, we are not a merchant cash advance company. We offer true
business loans with fixed terms and payments.
How much capital can you lend me?
We offer loans from $5,000 up to $500,000 based on the monthly cash
flow of the business.
What makes a company eligible?
A Main Street business is a good candidate if it has a separate business
bank account, has been open for business for over one year, and
processes at least $10,000 in credit card transactions per month. If a
company does not accept credit cards, it can be eligible for a KV
Management if it has been open for business for at least 2 years and
has an average business bank account balance of at least $5,000 per
month.
What information do you need from me to apply?
Depending on how you receive payments from your customers, you may
need some or all of the following:
* Tax ID number
* Credit card statements for the previous 6 months
* Merchant processor name, ID, and phone number
* Bank statements for the previous 3 to 6 months
* Social Security number of business owner(s)
* Drivers license number and state of issue
How soon will I know if I'm approved?
Within 2 business days of receiving your completed application, we will
let you know if you've been approved.
When will I receive the funds?
Loans are funded within 5 business days of receiving all completed loan
documents.
How do I repay the loan?
Daily Direct DebitSM payments are made from your business bank
account to our funding source. These small regular payments are
proven to prevent the snowball effect often caused by missing larger
monthly payments. We will inform you of your exact payment amount,
and our online loan management portal allows you to monitor the activity.
What is the typical term of your loans?
6 or 12 months.
Do I have to switch my credit card processor?
No. We simply review your credit card information to determine the
performance of your business.
What if I need additional money - Can I apply for a second loan?
Yes. Once you have successfully repaid 75% of your loan, you are
eligible to apply for additional capital to continue building your business.
Can I prepay my KV Management loan early?
Yes, you can prepay your loan at any time. However, given the short
term of our loans, if you choose to prepay, you will still be required to
pay all principal and all interest as if you kept the loan until maturity. If
you choose to prepay a portion of your loan, the prepayment will be
applied to principal and interest just as your daily payment is applied.
Why are KV Management loans more expensive than bank loans?
There is a reason traditional banks will only lend to small businesses with
high credit scores - small businesses can be pretty risky. We know that
every small business owner works hard to protect and grow their
business, but many close their doors each year. KV Management wants
to give small businesses a chance - because sometimes all they need is
a bit of working capital to occasionally boost their cash flow and succeed.
With this mission to help small businesses comes risk, and we price
accordingly. KV Management loans are still typically up to 80% less than
cash advances and the next best alternative to a traditional bank loan.
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Rate Lock Protection F.A.Q's
How can KV Management lower my processing fees?
KV Management has a team of interchange experts on staff with
decades of experience working in the processing industry. It is our
experience and our knowledge of how processors operate that allows us
to rearrange your account to be more cost effective.
Why can't I do this myself?
Let's be honest here. There are almost 200 interchange rules and you
are probably way to busy running your business to follow all of these
rules especially when they are always changing. Good interchange
experts like the ones we have on staff demand salaries of $350,000 a
year or more and there is a reason why they can charge so much.
Interchange is complex, confusing and constantly changing. We give
you fortune 500 caliber interchange experts for free, why would you
want to do it yourself?
I have shopped around and I already have the lowest rates. Can
you still help me?
Absolutely. With over 4,000 processing companies in the US, this is a
very competitive industry and the way these companies bring on new
clients is by lowering your rates. Sadly though, unless you are being
grossly overcharged, rates have very little to do with how we lower your
costs. True savings come from programmatic and operational changes
made at the processor level. So even if you have GREAT rates, we can
still effect savings on your behalf.
How do you get paid?
100% of our profits come from savings we effect on your behalf meaning
we share in the savings with you. If we save you $1,000 a month in
processing fees, you profit $500 and we profit $500. This is a true win /
win situation. You get fortune 500 caliber interchange experts on staff
without the expense and you can be confident that we are going to work
hard on your behalf because the more money we save for you, the more
money we earn.
How soon will I see savings?
Once our analysts determine that we can achieve the minimum savings
that our sales agents quoted you, we will immediately contact your
processor and begin working on your account. Once we make
adjustments to you account you should see a difference in your next
statement.
This sounds too good to be true. How do I know this is for real?
I know it's hard to believe that there is actually a business that truly puts
your company's best interest first so instead of trying to convince you,
just take a look at our client list and client testimonials.
* Current Client List
* Client Testimonials
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