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Reliant Funding

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1 User Review
LAST UPDATED: June 12th, 2020

Reliant Funding has been closing cash flow gaps for small businesses since 2008, funding over one billion dollars in that time. The company centers around the goal of funding loans quickly and offers loans ranging from $5,000–$500,000. 

Reliant Funding works with businesses in a number of industries including the following: 

  • Construction
  • Restaurants and bars
  • Health care
  • Franchise
  • Transportation 
  • Auto repair
  • Retail

Top Ranked Companies

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The Good

  • Fast Funding
  • Customer Service 
  • High Approval Rates 

Fast Funding

A request for funding from Reliant Funding takes less than 30 seconds and the company approves most clients within a few business hours. Some clients will receive funding the next day. 

Reliant Funding can work quickly due to minimal paperwork and no required personal collateral or assets. 

Customer Service

Throughout the entire funding process, clients work with a single point of contact. This ensures individual attention and minimizes the risk for miscommunication. 

High Approval Rates 

Reliant Funding approves over 70 percent of all business financing applications and claims that you will likely qualify for financial funding, including a merchant cash advance, if your business meets the following requirements:  

  • Has been owned by you for at least one year (some exceptions possible for 6-11 months)
  • Brings in at least $100,000 in sales per year (or about $10,000 a month) 
  • Has no open bankruptcies 

Once approved, there are no limits to how you use funds. Reliant Funding financing can be used to pay off debts and other obligations as long as the business owner is able to net at least 50 percent of the proceeds themselves.

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The Bad

  • May Over-Communicate

May Over-Communicate 

When you fill in Reliant Funding’s form to see if you qualify for business funding, you consent to receive calls and messages from Reliant Funding. Even if you don’t ultimately choose funding through the company, you may still receive communications from them. 

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The Bottom Line

Reliant Funding financing is not as strict as traditional bank lending, which means funding is faster and more flexible as compared to many banks. There is no personal guarantee required, there is not as much paperwork, and there are no pre-payment penalties.  

For alternative funding solutions, Reliant Funding is a good resource to consult. 

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Jackie Etter Spokane, WA

Company cold calls and sends unsolicited "approved funding" letters. Worried about gettting my mail stolen and somebody fraudulently applying for funding on my account.

1 year ago

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