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Small Business Financing FAQs


How does Mulligan Funding work?


How can I qualify for a loan?

You may qualify for one of our loans if you:

  • Have been in business for more than one year
  • Have at least $150,000 in revenue over the last 12 months
  • Have 3 months of business banking statements
  • Have no open bankruptcies


How much will Mulligan Funding lend my business?

The exact amount of funding available to your business will depend on a number of factors that can easily be determined. Based on our easy one page application and the current sales volume of your business, you may be eligible for up to $500,000 in a new business loan or working capital.


What can I use my Mulligan Funding loan for?

You are free to use the funds for anything necessary to run your business. There are no restrictions.


How quickly can I receive my funds?

The approval process is usually completed within 24 hours. Funding can take place as soon as 1 or 2 business days after approval.


How long do I have to pay back my Mulligan Funding loan?

We’ll work with you to establish comfortable payback terms for your loan. Our average timeframe is 8-10 months. Loans can be extended as far as 12 months in some cases.


How does repayment work?

Mulligan Funding automatically recovers a daily payment from you. You can forget about sending in checks or missing due dates. And you can avoid having to come up with a large monthly payment. Repayment consists of a small fixed payment.


What sort of collateral does Mulligan Funding require?

Unlike bank lending, our funding does not involve any assets being tied up as traditional security. Your unsecured small business loan or working capital loan will not require any business loan collateral, mortgage or other complicated security agreement.


How good does my credit have to be to get a business loan?

We understand the impact the recent economic climate has had on good, honest businesses and their owners. Small business loans can be especially hard to obtain with bad credit. For this reason, we’re very tolerant of negative credit history. Our aim is to help you grow your business, not punish you for the tough times that you’ve been through.


Can I get a business loan if I’ve previously declared bankruptcy?

Absolutely. As long as your bankruptcy has been legally discharged by the time you apply for funding.


Is there any obligation or cost to apply for a loan?

No, there is no obligation to apply – and no cost whatsoever for the application.


Is Mulligan Funding a direct lender or a broker, and what’s the difference?

Mulligan Funding is a direct lender. Because of this, our clients have direct access to the source of their funding. The buck literally stops here. If you have a question, concern or want to run an idea by us, you have access to a dedicated financing expert, and even the CEO to assist you if necessary. 

Additionally, when you deal with a broker your credit will be pulled by multiple sources, adversely affecting your credit score.  

Are there any penalties for prepayments?

There are no penalties for prepaying your loan. Prepayment of the loan will never be required, but if you choose to pre-pay, there is no penalty.


For more information, contact one of our friendly and knowledgeable financing experts today. Give us a call at 844-336-6639

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The Mulligan Experience

Our Company Mission:

  • To treat all of our clients as a valued business partner before, during and after we help them to obtain the funding they need in order to grow and strengthen their business
  • To make the lending process fast, simple and affordable for businesses of all sizes
  • To take the time necessary to understand our clients' needs, and their business goals in order to determine the optimum amount of capital they need to achieve those goals  
  • To make financial lending the personal and professional business that it should be

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