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.

VA Loan Benefits 2026: Zero Down, No PMI, Best Rates | Slate Financial

VA Loans: Why They're the Best Mortgage Product in America

If you're a veteran, active-duty service member, or qualifying spouse, the VA loan is hands-down the best mortgage program available. Zero down payment. No private mortgage insurance. The lowest interest rates on the market.

Yet according to the Department of Veterans Affairs, only about 6% of eligible veterans use their VA loan benefit. That means millions of veterans are leaving money on the table.

VA Loan Benefits at a Glance

Zero Down Payment: Buy a home with $0 down — no other conventional program offers this
No PMI: Save $100-300/month compared to conventional loans with less than 20% down
Lowest Interest Rates: VA rates are typically 0.25-0.50% lower than conventional rates
No Prepayment Penalty: Pay off your loan early without fees
Lenient Credit Requirements: Most VA lenders accept scores as low as 580
Limited Closing Costs: VA limits what lenders can charge in closing costs
Reusable Benefit: You can use your VA loan benefit multiple times

Who Qualifies for a VA Loan?

Active-duty service members with 90+ days of service
Veterans with 90+ days wartime service or 181+ days peacetime service
National Guard and Reserve members with 6+ years of service
Surviving spouses of veterans who died in service or from service-connected disabilities

The VA Funding Fee Explained

VA loans don't require PMI, but they do have a one-time VA Funding Fee. This fee ranges from 1.25% to 3.3% of the loan amount, depending on your down payment and whether it's your first use.

Good news: The funding fee can be rolled into the loan (no out-of-pocket cost). And some veterans are exempt entirely, including those receiving VA disability compensation.

VA Loan Myths Busted

Myth: VA loans take longer to close. Reality: With experienced VA lenders, closing times are competitive with conventional loans.
Myth: Sellers don't like VA offers. Reality: VA offers are just as strong — and VA appraisals protect both buyer and seller.
Myth: VA loans are only for first-time buyers. Reality: You can use your VA benefit as many times as you want.
Myth: VA loans have low loan limits. Reality: With full entitlement, there is NO loan limit as of 2020.

Apply for a VA Loan Today

At Slate Financial, we specialize in VA loans and work with veterans every day. Our AI-powered platform matches you with the best VA lenders and streamlines the entire process. Learn more about VA loans or apply now.

VA Loans: The Best-Kept Secret in Mortgage Lending