Three bank statements and a sentence.
Most business loan applications are a part-time job. This one is three months of bank statements and one to three sentences saying what the money is for. $25,000 to $500,000, a fixed rate, three to five years, and a decision in days rather than a month of document requests. You pay for that speed, and this page shows you exactly how much.
What you receive, and what you repay.
The origination fee is financed, which means the loan is written for more than lands in your account. Enter what you actually need and both figures appear.
The gap between those first two lines is the origination fee (6.99%–10.49%). It is financed into the balance rather than paid at closing, so you make payments on it for the life of the loan.
$100,000 is outside this program. MicroCap runs $15,000 to $50,000 — at this size, EZ Term is the program. See EZ Term.
Illustrative estimates computed from the amount you enter against published program parameters, not a quote. EZ Term: 13.99%–29.99% fixed over three to five years, with a 6.99%–10.49% origination fee financed into the balance. MicroCap: Prime plus 6.50%, variable, over ten years, shown here using Prime as of August 2026 and excluding fees from the payment; borrowing is additionally capped at 50% of annualized sales. Your rate, term and fee are set by underwriting. Qualified Commercial is not the lender. Subject to underwriting, documentation and lender approval; not an offer, commitment, or guarantee of terms.
The entire application is three things.
Not three categories with sub-requirements. Three documents, one of which only applies if you are refinancing.
Three months of business bank statements
The bank's official statements, not an export from the app. Three month-end balances need to be positive.
One to three sentences on the use of proceeds
Written in your own words. No business plan, no projections, no use-of-funds spreadsheet.
A debt schedule, only if you are refinancing
What is outstanding and to whom. If this is new working capital rather than a refinance, skip it.
That is the underwriting file. Tax returns, IDs and a voided check come later, at closing, once there is a decision worth closing on.
From approved to funded.
Closing documents are requested once, together, rather than trickled out over a fortnight.
- 1
Underwriting
Three months of statements, your use of proceeds, and a debt schedule if the file is a refinance.
- 2
Closing package
Most recent business tax return, a colour ID and a selfie with ID for every guarantor, a voided check or ACH form, and payoff letters where they apply.
- 3
Customer portal
Each guarantor gets a portal link for the welcome and funding call, plus bank account verification. Then the money moves.
Where the week goes.
Typical days to a decision on a complete file, against the paths this program is an alternative to.
Whether this fits, before you spend an afternoon on it.
The fit criteria are on the left. The disqualifiers are on the right, in full — they are not hidden, just collapsed.
- 660+Personal credit score for each guarantor
- 2 yrsTime in business, operating
- $50K+Annual revenue
- 3×Positive month-end balances
- ≤ 1Existing merchant cash advance
- USCitizen or legal permanent resident
Proceeds cannot be used for personal reasons or to purchase inventory of titled assets. Loans are secured by a UCC-1 blanket lien on business assets and a personal guarantee from each owner.
The rest of the screen, in full. These are the lender's working parameters and they are applied to every file — better to know now than after you have pulled documents together.
Credit and legal history
The file does not proceed where the borrower or a guarantor is presently subject to legal or criminal charges, has a felony conviction within the past ten years, has committed any financial-related crime, has a bankruptcy within the past seven years, or matches an OFAC or global sanctions list.
All felonies and misdemeanours are ultimately subject to lender discretion. Statements must be the bank's official documents — an export or screenshot from an online banking app is not accepted.
Judgments, liens and taxes
- No judgment above $2,000 filed within the past 12 months.
- Aggregate tax liens and judgments of $25,000 or more within seven years must be released or on a payment plan.
- Judgments of $50,000 or more filed within seven years must be released or on a payment plan.
Industries we cannot fund
Speculative businesses — real estate flipping, gambling, bail bonds, lending, investment, crypto and MLM — along with non-profit and government entities, anything marijuana or firearm related, anything prurient in nature, and auto or titled-asset sales. Homebuilding construction under NAICS 23 is restricted in Florida, Arizona and Colorado.
Ineligible NAICS codes are 4411 automobile dealers, 4412 boat dealers, 4413 automotive parts and tire retailers, 4452 specialty food retailers, 4461 health and personal care stores, 48 and 49 trucking, transportation and warehousing, 6215 medical and diagnostic laboratories, 6216 home health care services, and 7223 special food services.
If you can wait, there is much cheaper money.
MicroCap runs $15,000 to $50,000 at Prime plus a margin over ten years, with no collateral pledged. The monthly payment is a fraction of a three-year term loan. The trade is an SBA paperwork package and a longer timeline.
See MicroCap Working CapitalWorth reading before you sign anything.
- Working Capital & Lines of Credit
Line of Credit vs Term Loan: When Each One Actually Wins
Same dollar amount, different consequences. How amortization, coverage and renewal risk decide which structure fits, with the arithmetic laid out.
- Getting Funded
How to Read a Term Sheet
Rate is one line of eight that determine what a facility costs. How to price an offer properly, and the terms that quietly decide what you can do next.
- Business Credit
Personal Guarantees and How to Reduce Reliance on Them
Why lenders ask for a guarantee, what the different forms actually obligate you to, and the realistic path to structures that lean on you less.
The things people actually ask.
What does the origination fee actually cost me?
Between 6.99% and 10.49%, and it is financed into the loan rather than paid at closing. On $100,000 of proceeds the note is written for roughly $107,500 to $111,700, and every payment is calculated on that larger balance. The calculator on this page shows both numbers side by side, because the difference between them is the fee.
Why is the rate range so wide?
13.99% to 29.99% is a real spread, and where you land inside it is decided by underwriting — credit, time in business, balance behaviour and how much existing debt sits ahead of this loan. Anyone quoting you a precise rate before reading three months of statements is guessing.
Can I use this to pay off a merchant cash advance?
Yes, debt refinance is an eligible use, and it is one of the more common ones. You will need a debt schedule with the underwriting file, and payoff letters at closing. If advances are the whole problem rather than part of it, the MCA refinance page covers that case directly.
What does 'no more than 1 MCA' mean if I have two?
The program screens at one existing advance. With two or more the file does not fit this lender, which does not mean it cannot be funded — it means the structure has to be a consolidation rather than a term loan on top of the stack.
Why are online-only bank statements not accepted?
The lender requires the bank's official statement PDF rather than a screenshot or an exported summary from a banking app. If your bank is online-only, the official monthly statement document it issues is fine; a transaction export is not.
How fast is 'days'?
A complete file — three months of statements, a sentence on the use of proceeds, and a debt schedule if you are refinancing — typically reaches a decision within about a week. Incomplete files take as long as it takes you to complete them, which is the single biggest variable.
Bring three statements. We will tell you where you land.
A short call is faster than an application. If the file fits, we say so and start it; if it does not, we say that too and point at the program that does.
All figures on this page are illustrative estimates based on stated ranges: $25,000 to $500,000, terms of three to five years, and fixed rates of 13.99% to 29.99%. An origination fee of 6.99% to 10.49% is financed into the loan, which means the amount you repay is larger than the amount you receive, and the calculator shows both. Your rate, term and fee are set by underwriting. Loans are secured by a UCC-1 blanket lien on business assets and require a personal guarantee from each owner. Eligibility criteria, industry restrictions and legal-history requirements shown are the program's working parameters and are applied to every file. Qualified Commercial is not the lender. Everything here is subject to underwriting, documentation and lender approval, and is not an offer, commitment, or guarantee of terms.