Frequently Asked Questions

Surge Financial is a capital advisory firm and registered ISO serving businesses and real estate investors across all 50 states. We advise clients on business funding and real estate financing, help identify the programs that fit their situation, and manage the process from initial review through closing. We work across business funding products including revenue-based financing, term loans, lines of credit, SBA loans, equipment financing, and invoice factoring, as well as real estate products including bridge loans, hard money, fix and flip, DSCR, ground-up construction, commercial real estate, and Non-QM financing.

No. Surge Financial does not charge upfront fees to borrowers. We are compensated at closing when a financing solution is successfully placed. You will never be asked to pay anything out of pocket to submit an application, speak with an advisor, receive a term sheet, or have your file reviewed. Our compensation is earned only when we deliver a result, which means our incentive is always to find the right program for your situation.

No. Starting the process with Surge Financial does not involve a hard credit pull. Our initial intake and review process uses a soft evaluation of your profile to identify programs that may be available to you. A hard inquiry is only initiated with your explicit authorization when required by a specific program. You will always be informed before any hard pull occurs.

The process starts with a conversation or application submission where you share the basics of your deal or funding need. Your advisor reviews your profile, identifies the programs that are the strongest fit, and presents your options with clear terms before you commit to anything. Once you select a direction, we collect the required documentation and manage the submission process through to closing. Most business funding decisions come back within 24 to 48 hours of a complete submission. Real estate term sheets typically come back within 24 to 48 hours as well. Closing timelines vary by product.

All 50 states. Business funding and real estate financing programs are available nationwide with no geographic restrictions.

Surge Financial is a capital advisory firm, not a bank or direct lender. Rather than offering a single product and declining files that do not fit, we advise across a wide range of programs and identify the structure that fits your specific situation. This means more options, a faster process, and an advisor who is incentivized to find the right solution rather than approve or deny a single application.

Revenue-based financing, small business term loans, business lines of credit, SBA 7(a) and 504 loans, equipment financing, and invoice factoring. Each product is structured for a different business profile and capital need. Your advisor will identify which products are available based on your revenue, time in business, credit profile, and the purpose of the capital.

Requirements vary by product. Revenue-based financing and lines of credit typically require a minimum of 500+ credit score, 3 or more months in business, and $10,000 or more in monthly revenue. SBA loans require a minimum of 650 credit score, 2 or more years in business, and demonstrated profitability. Equipment financing requires 600+ credit score and 1 or more years in business. Your advisor will confirm which products you qualify for based on your specific profile.

Revenue-based financing provides a lump sum of working capital in exchange for an agreed percentage of your ongoing daily or weekly business revenue. Repayment is collected as a fixed daily or weekly ACH draw from your business bank account. The amount does not change based on your sales volume, but the overall repayment period moves faster or slower depending on your revenue. Factor rates typically range from 1.10 to 1.49 depending on the program, your time in business, credit profile, and revenue consistency. Funding is available in as little as 24 to 48 hours of receiving a complete documentation package.

A business term loan has a fixed repayment schedule with set monthly payments over a defined period, typically 12 to 84 months, and is priced at an annual interest rate. Revenue-based financing uses a factor rate and is repaid through daily or weekly ACH draws rather than fixed monthly payments. Term loans are better suited for businesses with stable, predictable revenue that can support a fixed payment. Revenue-based financing is better suited for businesses with variable cash flow or those who need capital faster than a traditional term loan process allows.

Revenue-based financing and lines of credit can be approved and funded in as little as 24 to 48 hours of receiving a complete documentation package. Term loans typically take 3 to 7 business days. SBA loans take 30 to 90 days from receipt of a complete application package. Equipment financing typically takes 2 to 5 business days. The timeline depends on the product, the completeness of your documentation, and the complexity of your file.

Most business funding products require 3 to 6 months of recent business bank statements, a completed application with basic business information, and a government-issued ID. SBA loans require 2 years of business and personal tax returns, a profit and loss statement, balance sheet, and additional documentation. Equipment financing requires an invoice or equipment quote. Your advisor will confirm the exact requirements based on the product and the specific program.

Yes, depending on the product and your overall business profile. Revenue-based financing and invoice factoring are the most accessible products for businesses with lower credit scores, with some programs available at 500+ FICO. The strength of your monthly revenue and bank statement history is often more important than credit score for these products. Term loans and SBA loans require stronger credit profiles, typically 650 or higher.

It depends on the product and the existing balance. Revenue-based financing programs often allow second positions if your monthly revenue is sufficient to support the additional payment. Some programs require the existing position to be paid off first. Your advisor will review your current obligations and identify which programs are available given your existing debt structure.

Invoice factoring is the sale of outstanding B2B invoices to a factoring company at a discount in exchange for immediate cash. It is not a loan. No debt is added to your balance sheet and no fixed monthly payment is required. The factoring company advances 70 to 90 percent of the invoice value within 24 hours and collects the full invoice amount from your customer when it is due. The remaining balance, minus a factoring fee typically ranging from 0.5 to 3 percent, is remitted back to you. No minimum credit score is required on most programs. The strength of your customers creditworthiness is the primary underwriting factor.

Most industries are eligible. Commonly funded industries include restaurants and food service, healthcare and medical practices, construction and contracting, retail, staffing, auto repair, professional services, transportation and logistics, manufacturing, wholesale distribution, and technology. A small number of industries are ineligible due to program restrictions. Your advisor will confirm eligibility for your specific industry before you submit any documentation.

Bridge loans, hard money loans, fix and flip loans, DSCR loans for rental properties, ground-up construction loans, commercial real estate loans covering both short-term and long-term programs, and Non-QM and bank statement loans for self-employed borrowers and investors. Programs are available for residential investment, multifamily, commercial, mixed-use, and specialty property types across all 50 states.

Minimums vary by product. Hard money starts at $15,000. Fix and flip starts at $75,000. Bridge loans start at $75,000. DSCR loans start at $75,000. Ground-up construction starts at $50,000. Commercial real estate programs start at $150,000. Non-QM and bank statement loans start at $150,000.

A bridge loan is short-term real estate financing that provides capital during the period between a current need and a future event, typically a permanent financing placement or a property sale. Bridge loans are used to acquire investment properties quickly, finance value-add repositioning, cover transitional holding periods, and facilitate 1031 exchanges where timing is critical. They are underwritten on the property and exit strategy rather than personal income, with closings as fast as 5 to 15 business days. Loan amounts range from $75,000 to $20,000,000 and beyond, with rates starting at 7% and terms from 6 to 36 months.

Hard money loans are short-term real estate financing products underwritten primarily on the property value rather than the borrower's personal financial profile. No minimum credit score is required on most programs. No income verification is required. Approval is based on the property value, the quality of the deal, and the exit strategy. Loan amounts range from $15,000 to $20,000,000 with rates starting at 8%, terms of 6 to 24 months, and closings available in as little as 2 to 10 business days.

The terms are often used interchangeably, but bridge loans typically refer to larger, more structured transactions on stabilized or near-stabilized assets where the borrower has a clear refinance or sale exit. Hard money traditionally refers to asset-based financing for distressed or value-add properties, including fix and flip deals and acquisitions in poor condition. In practice the distinction depends on the program. Your advisor will identify which structure fits your specific deal.

Fix and flip loans cover both the acquisition cost and the full renovation budget in a single loan structure. After the loan closes on the acquisition, renovation funds are held in reserve and released in draws as each phase of work is completed and verified by an independent inspector. Draws are typically released within 1 to 3 business days of inspector sign-off. Loan amounts range from $75,000 to $20,000,000, with LTC up to 97% and 100% of rehab costs covered on qualifying deals. Rates start at 7.73% and terms run 6 to 24 months. No minimum credit score is required on most programs and first-time investors are eligible.

DSCR stands for Debt Service Coverage Ratio. A DSCR loan qualifies the borrower based on the property's rental income relative to the proposed mortgage payment, not personal employment income, W-2s, or tax returns. If the property generates enough rent to cover the debt service, the loan can be approved. The minimum DSCR on most programs is 1.0, meaning gross monthly rent must equal or exceed the monthly mortgage payment. Some programs allow below 1.0 with compensating factors. Loan amounts range from $75,000 to $5,000,000 and beyond, with rates from 5.75%, LTV up to 80% on purchase, and 30-year fixed terms. Minimum credit score is 620 on most programs. There is no cap on the number of DSCR loans you can hold.

Yes. Many DSCR programs accept short-term rental income. Qualifying income is typically based on market rent data from platforms like AirDNA rather than a signed lease. Some programs require a minimum rental history while others use projected market rent. Your advisor will identify programs that accept your specific property type and rental model.

A fix and flip loan is short-term financing used to acquire and renovate a property with an exit via sale or refinance at the end of the project. A DSCR loan is long-term permanent financing used to hold a stabilized rental property, qualifying on the property's rental income. Many investors use a fix and flip loan to acquire and renovate a property, then refinance into a 30-year DSCR loan once it is rented and stabilized. This is commonly called the BRRRR strategy.

Ground-up construction loans typically require detailed project plans, a construction budget with contingency, a qualified general contractor with verifiable credentials and insurance, and your credit profile. Most programs require a minimum credit score of 620 to 680. LTC up to 95% is available on residential programs and up to 85% on commercial programs. Rates start at 8.75% and terms run 6 to 24 months. Funds are released in draws as each milestone is completed and verified by an independent inspector.

Both short-term and long-term commercial programs are available. Short-term programs include bridge loans and commercial hard money from $150,000 to $20,000,000 and beyond, with rates from 7.99%, LTV up to 80%, and closings in 7 to 21 business days. Long-term permanent programs include Fannie Mae and Freddie Mac agency financing for multifamily, CMBS conduit loans for retail, office, and hospitality, life insurance company loans for institutional assets, and SBA 504 for owner-occupied commercial real estate. Commercial programs cover multifamily, office, retail, industrial, self-storage, hospitality, mixed-use, medical, and net lease asset types.

Non-QM stands for Non-Qualified Mortgage. These are real estate loans for borrowers whose income or documentation does not fit standard conventional lending requirements. Bank statement programs qualify borrowers using 12 or 24 months of personal or business bank statements without W-2s or tax returns. Other Non-QM methods include DSCR qualification on rental income, asset depletion for high-net-worth borrowers, and P&L qualification using a CPA-prepared profit and loss statement. Loan amounts reach $5,000,000 and above with LTV from 70% to 90% depending on the program. Minimum credit score is 620 on most programs.

It depends on the product. Hard money programs have no minimum credit score requirement on most programs. Fix and flip programs require 620 or higher on structured programs and no minimum on private programs. DSCR loans require 620 or higher. Ground-up construction requires 620 to 680 depending on the program. Non-QM loans require 620 or higher. Bridge loans vary by program and asset type. Your advisor will confirm requirements based on your specific deal and profile.

Yes. Hard money, fix and flip, bridge, and Non-QM programs are available for foreign nationals and non-US citizens on most property types including residential investment, multifamily, and commercial. Documentation requirements differ from standard programs. Your advisor will identify the specific programs available based on your citizenship status and intended property use.

Single family investment properties, 2 to 4 unit multifamily, 5 to 20 unit multifamily, short-term rentals, long-term rentals, new construction, commercial properties including office, retail, industrial, self-storage, hospitality, and medical, mixed-use buildings, and entitled land. Each property type has programs specifically suited to it. Your advisor will identify the right structure based on the property type and your investment strategy.

Yes. Hard money and fix and flip programs are specifically designed for properties in poor condition that conventional lenders will not finance. These include properties with structural issues, code violations, significant deferred maintenance, or those that are not habitable. Approval is based on the property's after-repair value and the scope of your renovation plan rather than its current condition.

Yes. Specialized DSCR programs exist for short-term rental properties that qualify on Airbnb or VRBO income rather than a traditional long-term lease. Bridge loans are also available for the acquisition period before STR rental history is established. Your advisor will identify which programs are available for your specific property and market.

Submit your deal or funding request through the Get Started form on the site or contact us directly at 954-787-4348 or [email protected]. Your advisor will review your submission and follow up within one business day to discuss your situation and identify what programs may be available.

For business funding, most programs require 3 to 6 months of business bank statements, a completed application, and a government-issued ID. SBA loans require additional financial documentation. For real estate financing, most programs require the property address, purchase price or current value, a description of the deal, and your exit strategy. A full documentation checklist is provided after your initial conversation based on the specific program.

Business funding timelines range from 24 to 48 hours for revenue-based financing to 30 to 90 days for SBA loans. Real estate financing timelines range from 2 to 10 business days for hard money to 7 to 21 business days for bridge and commercial bridge loans. DSCR and Non-QM loans typically take 3 to 4 weeks from a complete documentation submission. Ground-up construction loans typically take 2 to 6 weeks to close. SBA 504 commercial real estate takes 45 to 90 days.

Most industries and property types are eligible. A small number of business industries are on restricted lists for specific programs. For real estate, most property types are eligible including residential investment, commercial, multifamily, mixed-use, and specialty assets. Your advisor will confirm eligibility for your specific situation before any documentation is collected.

Your advisor reviews your submission and contacts you within one business day to discuss your situation in detail. If programs are available that fit your profile, you receive a clear summary of your options with rates, terms, and requirements before any commitment is made. If your file needs additional documentation, your advisor will tell you exactly what is needed. There is no pressure and no commitment required at any stage until you choose to move forward.