Frequently Asked Questions

Q What is the application process?

Applying for financing through BitX Capital is quick, simple, and free. You can start with our 30-second online pre-approval form or complete the full application in about 10 minutes online. Alternatively, you can call our loan advisors at 800-824-2407 to complete your application over the phone.

Once submitted, a dedicated BitX loan advisor reviews your profile, matches your request across our lender marketplace, and contacts you with your custom funding options.

Q What information and documents do I need to apply?

To evaluate your business and secure approval through our marketplace, we typically request basic operating documentation depending on the financing product:

• Business Tax ID (FEIN) & Company Contact Details
• 3 to 4 months of recent business bank statements
• Credit card processing statements (for Merchant Cash Advances)
• Government-issued Driver’s License and Social Security Number for business owner(s)
• Business Tax Returns or P&L Statements (primarily for larger mid-term loans or SBA 7(a) requests)

Q What are the basic requirements to qualify for financing?

Because BitX Capital operates an expansive marketplace, qualification thresholds vary by product:

For Existing Businesses (Short-Term Loans, Lines of Credit, MCAs):

• 1+ year in business
• $200,000+ in annual gross business revenue
• 550+ FICO personal credit score
• Business located in the United States

For Startups or Pre-Revenue Businesses:

• 700+ personal FICO credit score
• $50,000+ in verifiable personal income
• U.S. Citizenship or Legal Permanent Residency

Q Are Short-Term Loans unsecured?

Yes, many short-term business loans and working capital options in our network are unsecured, meaning they do not require specific physical collateral like real estate or equipment to qualify. Approval is primarily based on your business cash flow and revenue history. (Note: Lenders may place a standard general business lien/UCC filing during the term of the financing).

Q How is BitX Capital different from direct lenders?

BitX Capital is a business loan marketplace and broker, not a single direct lender. Instead of forcing your business into a one-size-fits-all loan product, we make top lenders, banks, and capital providers compete for your business.

We combine digital speed with a human touch—giving you a dedicated loan advisor who guides you through every step, eliminates red tape, and helps you secure optimal terms for your cash flow needs.

Q What types of industries do you work with?

We work with approximately 700 business industries across all 50 U.S. states, including restaurants, retail stores, healthcare practices, auto repair shops, HVAC contractors, construction companies, and professional service providers.

Note: We do not fund sin-based or restricted industries, including gambling, firearms, tobacco, adult entertainment, or illegal activities.

Q What are the loan amounts and repayment terms?

Loan amounts range from $5,000 up to $500,000 for short-term working capital loans and up to $5 Million+ for mid-term loans, SBA 7(a) financing, and equipment loans across our full marketplace menu.

Repayment terms range flexibly from 3 to 24 months for short-term financing up to 25 years for SBA real estate/equipment loans.

Q How quickly can I receive funding?

Speed is our priority. Your initial pre-approval takes just 30 seconds online. Once your full application and bank statements are submitted, approvals can happen in hours, with same-day funding available for qualifying short-term loans. Most working capital requests fund within 24 to 48 hours.