Silver Rock Funding started in 2014, with headquarters out in Alexandria, Virginia. The company is made up of entrepreneurs and social media executives. It specializes in small business loans, and encourages people of all credit scores to apply.
The funding corporation is not a one-time transaction model. The company’s goal is to work with businesses even through the rough times. Benefits of the Silver Rock Funding platform include the following items:
Silver Rock Funding employs a team of professionals to help with the entire loaning process. Once an application is received, Silver Rock Funding will provide one with a funding manager to help decide which product is best for their unique circumstance.
Customers can rest assured that their data is protected, because the company uses bank level security tactics. Applying is free and easy, and approval can happen in 24 hours. One can have funds in their account by 72 hours. Silver Rock Funding looks beyond one’s credit score, and provides one-on-one care for all clients.
Quickly Identify Lenders
Convenient for applicants, the company provides a calculation tool that uses the financial information inputted to reveal available funding and lenders.
- No minimum credit score required to apply
- 99% of industries qualify
- Only need to be in business for 3 months
- No Collateral required
- Borrow up to $500k
Silver Rock Funding is not an actual lender. The company itself does not make any credit decisions. In fact, all decisions are made between the client and the funding partner. While some may like this process, other customers say that rules can be inconsistent since each lender has their own set of terms. Other limitations of the Silver Rock funding platform include:
Website Lacks Information
While the website does provide a lot of important details, it does leave out some key points. Nowhere on the website does it list if Silver Rock Funding offers secured or unsecured loans. Not only that, but the website does not provide any interest rates.
Missing Fee Data
While the company does offer a completely free application process, the website does not show if there are closing fees or any additional fees.
- Unknown interest rates
- No live chat option
- Unknown prepayment penalties
- Unknown closing and origination fees
- Short terms only: 3-18 months
*Star Rating is determined by evaluating APR range, minimum credit score requirement, revenue requirement, length in business requirement, and other related approval data.