How fast can I get a business loan?

With Slate Financial, many business loans fund in as little as 24 hours. MCAs and lines of credit can fund same-day. Term loans typically fund in 24-72 hours. Real estate loans range from 5 days to 4 weeks depending on the product.

Can I get a business loan with bad credit?

Yes. Products like MCAs, MCA Bailouts, and Lines of Credit are primarily based on your business revenue, not your personal credit score. If your business generates consistent monthly revenue ($10K+/month), you likely qualify for funding.

What types of business loans does Slate Financial offer?

Slate Financial offers 14 loan products including Term Loans, Lines of Credit, Merchant Cash Advances, MCA Bailout, 0% Interest Business Credit Cards, Equipment Financing, Purchase Order Factoring, Commercial Real Estate Loans, Residential Mortgages, DSCR Loans, Fix and Flip Loans, Ground-Up Construction Loans, Mergers & Acquisitions Financing, and Form 1003 Mortgage Applications.

Does applying for a business loan affect my credit score?

No. Slate Financial's initial application uses a soft inquiry that does NOT impact your credit score. A hard pull is only done after you've reviewed and accepted a specific offer from a lender.

A DSCR (Debt Service Coverage Ratio) loan allows real estate investors to qualify based on the property's rental income rather than personal income. If the property's rent covers the mortgage payment, you can qualify without providing pay stubs, W-2s, or tax returns.

When to Refinance Your Mortgage in 2026: Complete Guide | Slate Financial

Is Now the Right Time to Refinance?

Refinancing your mortgage can save you thousands of dollars — or it can be a costly mistake if you don't run the numbers. With rates gradually declining in 2026, many homeowners are wondering if it's time to refinance.

Here's how to know if refinancing makes sense for you.

The 3 Types of Mortgage Refinance

1. Rate-and-Term Refinance: Replace your current loan with a new one at a lower rate and/or different term. Most common type.

2. Cash-Out Refinance: Borrow more than you owe and take the difference as cash. Great for home improvements, debt consolidation, or investments.

3. Streamline Refinance: Simplified process for FHA or VA borrowers — less paperwork, often no appraisal required.

The Break-Even Formula

The most important number in refinancing is your break-even point:

Break-Even = Total Closing Costs ÷ Monthly Savings

Example: If refinancing costs $5,000 and saves you $200/month, your break-even is 25 months. If you plan to stay in the home longer than 25 months, refinancing makes sense.

General rule: If you can lower your rate by 0.75% or more and plan to stay 3+ years, refinancing almost always makes sense.

When to Consider a Cash-Out Refinance

Home renovation: Add value to your home with a kitchen remodel or addition
Debt consolidation: Pay off high-interest credit cards (15-25% APR) with low-interest mortgage debt (6-7% APR)
Real estate investment: Use your equity to buy an investment property
Emergency fund: Build a cash reserve for unexpected expenses

Most lenders allow cash-out refinancing up to 80% of your home's current value.

What You Need to Refinance

Credit score: 620+ for conventional, 580+ for FHA
Home equity: At least 20% for best rates (can do less with PMI)
Income documentation: Recent pay stubs, W-2s, tax returns
Home appraisal: Lender will order one to confirm current value

How Much Could You Save?

On a $400,000 mortgage, dropping your rate by just 1% saves approximately:

$267/month in monthly payments
$3,200/year in annual savings
$96,000+ over the life of a 30-year loan

Start Your Refinance Today

Our AI-powered platform makes refinancing fast and simple. We compare rates from 50+ lenders to find you the best deal. Check your refinance options now — it takes 2 minutes.

Should You Refinance Your Mortgage? The Complete 2026 Guide