What is Broadway Group USA?
Broadway offers business owners fast and simple access to up to $5 million in working capital through our easy-to-use online dashboard. We offer various financing products: business line of credit, term loan, invoice factoring, equipment financing, merchant cash advance (MCA), consolidation, and more…
How does Broadway work?
Here’s how Broadway works in three easy steps: First, apply online in a few minutes with some basic information about your business. Then once approved, you can review and accept your offer. Afterward, funds are deposited in your bank account in as fast as hours. Payments are made over 6 or 18-month terms.
Does Broadway provide unsecured financing?
We offer both Secured and Unsecured financing. We do not require any specific amount, type, or value of the collateral. However, rates will be better on Secured financing. We do not take personal assets as collateral.
How much funding will I have access to?
Broadway offers funding between $5,000 and $5,000,000. Your credit line or loan amount will be determined based on a review of your business, personal FICO score, as well as other factors.
Are there termination fees if I want to leave?
No. As long as you have no balances outstanding, you can stop using Broadway at any time with no penalties or fees.
How is qualification for a Broadway account determined?
Qualification for Broadway is determined based on a number of factors. These factors include, but are not limited to, your business cash flow, the strength of your customers, and to a lesser extent your personal and business credit history. You do not have to have perfect credit to work with us. We work with a broad range of clients, including those with below average credit.
How is my rate determined?
Your rate will be determined based on a review of your business, personal FICO score, as well as other factors.
What information do you need from me to apply?
The Broadway Group application is three simple steps that can be completed in minutes.
We ask for:
General information about your business, such as address and Tax ID
Information about the business owner applying, including social security number
Either a read-only connection to your business’ bank account or your 3 most recent months of bank statements