Funding Frequently Asked Questions

Frequently Asked Questions

What is Funding with CPN Programs?
We are an online marketplace with credit and funding specialists focused on lending to individuals and small businesses. We use cutting-edge technology to match accredited and institutional investors and credit specialists with American small businesses looking for finance to grow their businesses through our website.

How are you different from a bank?
For individuals and small businesses, we know that time is money. Unlike a bank, our application process is quick, easy and transparent. You can apply for a loan online in just 10 minutes, and get the money in your bank account within 14 days. We also know that a credit score isn’t the only indicator of healthy business. While the underwriting process at traditional banks is clunky and inflexible, we combine technology with seasoned underwriters and credit building specialists to better understand your business and find terms that suit your needs.

Why should I borrow from CPN Programs and not someone else?
We offer competitive rates, help rebuild credit if needed, have manageable repayment schedules, and don’t charge hidden fees. We also provide each applicant with a dedicated specialist to understand your financing needs and to guide you through the entire application process. We work hard to make our process as user-friendly and convenient as possible so that you can spend more time building your business and less time managing your loans.

What is your average interest rate?
Our affordable interest rates start as low as 8.99%. On average, our rates fall between 10-15%.

Are there any other fees or charges?
We believe in transparency. We charge a 2.99% origination fee on each loan we fund. Applicants who choose to work with a funding broker may be subject to an origination fee up to 4.5% on the loan. There are no other fees, meaning your application and consultation with our dedicated loan specialists is absolutely free! Learn about our rates & fees.

Are your loans secured?
What collateral do your loans require?

Yes, all of our loans are secured. We require a lien on your business assets and a personal guaranty from the primary business owners. We have no rigid guidelines regarding collateral; home equity, vehicles, equipment, accounts receivable and cash savings or deposits can all be used as collateral.

When will you check my credit score?
We will check your credit score after you have fully submitted your online application.

How long does the loan application take?
After you complete our simple online application, we will call you within 24 hours to learn more about your business and find terms that suit your needs. The next step is for you to compile and send us your supporting documents, so we can verify your application and send you loan documents. The faster you provide your documentation, the faster we can fund your loan. We’ve funded loans in as quickly as five days, and we’re committed to keeping the entire loan application to less than 14 days. With your help, this process can move very quickly.

What documentation is required with my application?
For loans under $200k, the only documentation required is:
3 years (most recent) business tax returns
1 year (most recent) personal tax return (including W2s)
6 months (most recent) business bank statements

For loans over $200k, we also require the following documents:
6 months (most recent) business bank statements
YTD balance sheet and income statement
Outstanding Business Loans & Credit Worksheet (available upon request)

Your application and consultation with our dedicated funding specialists is absolutely free, so employees at CPN Programs Services will never ask for additional fees to process documents or complete your application. We only charge our origination fee when your loan is funded - that's it.

What factors do you consider in your funding process?
We know that a credit score isn't the only indicator of a healthy business, so we consider a number of other factors when considering a loan application, from real-time cash flow and credit scores to online customer reviews. Each applicant is assigned a dedicated specialist who will communicate with you through the application process. For instance, he or she will let you know if your application has been pre-approved within 48 hours of you submitting it. If you have any questions, please always feel free to email This email address is being protected from spambots. You need JavaScript enabled to view it. and we'll get back to you shortly.

What will my rate be?
Your interest rate will be between 8.99% and 20.99%, and your effective rate will vary from 12.70% to 24.89%. These rates are based off the length of the loan (in years) and the strength of your credit profile.

Is there a prepayment penalty?

Is there a daily repayment?
No, our payments are due monthly, every month starting one month from the day your loan funds.

Are there any late payment or default fees?
We charge 10% on late payments. This amount covers our additional costs, including any bank processing fees, and the rest is passed on to our investors. If you think you might not be able to make a scheduled payment, please get in touch with us as soon as possible. We will do our best to understand your situation and to work with you on a solution.

Is the information I share with you secure?
We take your privacy seriously and never share your information without your consent. Read our full privacy policy.