Everything you need to know about applying, qualifying, and getting funded through Elite Funders.
General
The Basics
What is Elite Funders?
Elite Funders is a Miami-based business capital marketplace and brokerage. We connect business owners with funding from our network of 70+ lending partners — including banks, credit unions, and alternative lenders. We do not lend directly for all products; we match your business with the lender offering the best terms for your profile.
How much does it cost to apply?
Absolutely nothing. Applying is free, there is no hard credit pull to submit your initial application, and you have zero obligation to accept any offer we present. We earn a fee from the lender when — and only when — a deal is funded. Our incentive is always aligned with getting you the best offer.
What do I need to apply?
Typically: 3 months of business bank statements, a completed application (takes about 3 minutes), and a government-issued ID. Some larger loans or SBA products may require tax returns, P&L statements, or additional documentation.
How fast will I receive an offer?
Most applications receive an initial decision within 4–8 hours during business hours. Same-day funding is available for qualified MCA applicants. SBA loans take 2–8 weeks due to government processing requirements.
What credit score do I need?
It depends on the product. MCA and revenue-based financing consider business owners with scores as low as 500 — we look primarily at your business revenue and cash flow. Term loans and SBA loans require higher scores (600+ and 680+, respectively). Apply and we'll match you with what you qualify for.
Are all industries accepted?
We fund businesses in virtually every industry. The only categories we cannot fund are cannabis-adjacent businesses (in states where not federally compliant), adult entertainment, and a small number of high-risk categories. If you're unsure, apply and we'll let you know.
About the Process
How It Works
Will applying hurt my credit score?
No. We perform a soft credit pull for initial pre-qualification, which does not affect your score. A hard pull may occur only if you accept an offer and proceed to closing — and only with your explicit consent.
How do you match me with lenders?
Our underwriting team analyzes your application — revenue, time in business, industry, credit profile, and funding purpose — and strategically submits to the lenders in our network most likely to approve and offer the best terms for your profile. We do not blast your file to every lender.
What happens after I submit my application?
A funding specialist will contact you within 1 business hour to confirm your application and discuss your file. Within 4–8 hours, we'll present you with offers from matched lenders. You choose the best terms — or decline entirely at no cost.
Can I get funding if I already have an MCA?
Often yes. We evaluate your net daily balance and can sometimes stack a second position or refinance your existing position into better terms. Disclose all open positions on your application for accurate evaluation.
Still have questions?
Our funding specialists are available Mon–Fri 8am–7pm EST to walk you through your options.