Frequently Asked Questions

General:

1Who is SOS Capital?

SOS Capital is an Alternative Finance provider that was launched in order fund businesses faster and more reliably than traditional financing sources. SOS Capital is comprised of industry veterans that set out with the shared goal to provide small business owners with the resources needed to build a solid financial foundation to grow their business.

2What are the benefits of signing up with SOS Capital?

Utilizing industry leading technology, SOS Capital analyzes applicants differently than traditional sources. We look beyond the applicant’s present and see the success they can achieve in the near future when partnered with SOS. We require significantly less paperwork and can have the funds wired to your business in as little as 24 hours. While traditional sources charge prepayment penalties, SOS Capital offers pre-payment discounts on qualified funding. And, as always, SOS Capital never charges application fees.

3What is SOS Capital’s process?

Our process is seamless and tailored with a business owner’s need of capital in mind. The process is simple and allows for same day approvals and funding within 24 hours. Upon applying, an underwriter will evaluate the business in efforts to achieve maximum approval.

4How much funding can I receive?

Our funding rang is $10,000- $1,000,000. SOS Capital offers numerous financial products, such as Term Loans, Invoice Factoring and Merchant Cash Advances (MCA). 

5What do you need from me to apply?

Applying for financing with SOS Capital is quick and easy.

Simply fill out an application that requests basic business and ownership information.

Connect to you bank via Plaid which is a read only bank verification tool or provide the 3 most recent months of business bank statements.

Applying is easy and free.

6How is qualification determined?

Qualifying for an MCA or a Term Loan is determined by multiple factors:

 business cash flow, length of time in business, industry, your business and personal credit score.  Our underwriting team will provide maximum approvals using our proprietary scoring model.

7What kind of credit score must I have to be approved?

SOS Capital works with customers who have a personal credit score of 600 or above.

8How soon will I know if I was approved?

Our team will inform you of our underwriting decision within 6 hours of submission.

Brokers/ISOs:

1What are the benefits of signing up with SOS Capital?

Partnering with SOS Capital offers many benefits. Our Sales Partners have direct communication with their dedicated relationship managers, in addition to having their own ISO Portal access to track their portfolio and submissions. SOS Capital offers funding up to $1 Million with terms up to 24 months, while extending aggressive prepay discounts on all approvals. Syndication and White Label opportunities are available.

2How do I apply to become an ISO?

Partner with SOS Capital by applying through our website “here” or calling 212-235-5455, Business Development representatives are standing by to discuss our funding programs and how you can offer the SOS advantage to your clients.

3What is your funding process?

Our process is seamless and tailored with your clients need of capital in mind. The process is simple and allows for same day approvals and funding within 24 hours. Upon submission, an underwriter will evaluate the business in efforts to achieve maximum approval. The approval process lasts up to 6 hours. With the approval we may request additional documents that will be required to fund.  When the business owner decides to proceed with funding, SOS will generate contracts and send them via an e-sign link. Once the agreements are signed, the Underwriter will call the business owner to finalize funding and to confirm wire instructions. Our transparent process allows you to track the progress of your deal from submission to funding.

4How fast can I receive funds for my clients?

SOS Capital can have funds wired to your clients’ accounts within 24 hours of file submission.

5 What documents do I need for submission?

Submitting a file for financing with SOS Capital is quick and easy - underwriting requires an application with a minimum of 51% ownership accompanied by the 3 most recent months of business bank statements. For optimal processing, please ensure applications include the business Federal Tax ID and have been signed within the last 30 days.

Have more questions?

Call an advisor (212) 235 5455
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