- Best for businesses with strong revenue that need last-minute financing.
- Pick something else if you want to compare costs before providing information.
ROK Financial is an online connection service that offers same-day financing to all types of businesses. There are no credit score requirements and your business only has to be around for three months to qualify.
But you won’t know much about the cost of the loans available or how repayments work until you fill out the form to get connected. If you’re sensitive about giving out your information, you might want to try another lender
|6 to 120 months
|Min. Credit Score
|Starting at 6%
|Eligibility criteria 1+ year in business, $15,000+ in monthly gross sales or $180,000+ in annual sales
ROK Financial is a free-to-use connection service. In a nutshell, you submit a form with ROK and it matches you with its lending partners (if you qualify).
Depending on the loan you’re looking for, requirements may include:
ROK doesn’t list a minimum credit score, simply because requirements vary by lender. However, just meeting minimum requirements may not get you the most competitive rates with ROK’s partners.
The best deals typically go to businesses that have been around for several years, have a strong track record of growth and owners with excellent credit scores of around 740 or higher.
ROK Financial offers options to small businesses that otherwise might not qualify for financing. Its partners will work with businesses as new as three months and business owners that have a bad credit history.
Each applicant gets customized loan offers after filling out a form and speaking with a loan specialist. And it’s just about as fast as it gets. You can get funded as soon as the same day — and no longer than three days.
There are multiple financing options to look for with ROK, including:
ROK Financial isn’t helpful to all business owners in all situations. Weigh the main benefits and drawbacks of using this service before signing up.
See how ROK Financial stacks up by selecting the ranges for how much you want to borrow, your revenue, time in business and credit score.
ROK Financial will connect you with lenders in its network after you fill out a quick online form. Here’s how to get started.
After you submit your application, you should hear from one of ROK Financial’s business financing advisors. They’ll go over your business’s options and tell you what steps to take to complete your application.
While it depends on the lender, typically all small businesses must supply at least six months of business bank statements. Or, as many as your business has if it’s been around for less than six months.
Other common documents include tax returns, financial statements and information about the business owner’s assets. But that depends on the lender, the loan amount and your business.
ROK Financial’s partners offer financing with daily, weekly and monthly repayments. How your repayments work varies depending on the lender you choose.
You can find information about what your business will owe and when it’s due in your loan agreement. That’s also where you can find out about late fees and prepayment penalties.
Read about our top picks for business lenders to see how ROK Financial compares to the best.
Ask a question using your email below.Ask a question
You are about to post a question on finder.com: