Credit Router helps you not only find the best funding available for your business instantly, in addition, having an account allows you to monitor your business and personal credit while we make recommendations for the top finance products available in the world.
Credit Router Account FAQs
Using Credit Router technology, once you’ve signed up for a Credit Router account, your application is underwriten by the top underwriting team for the finance products you are most qualified for. This happens instantly upon sign up. Once your underwriting process is complete, funds are typically wired into your business account.
Credit Router uses Plaid’s finance technology to gather information that would otherwise be manually requested and uploaded to the application as PDF files. Plaid technology also reduces application questions in order to make funding decisions on your account.
Share your data securely
When you want to share data from your financial accounts with Credit Router, Plaid works to transfer your data securely.
You’re in control
Plaid nor Credit Router shares your personal information without your permission, and doesn’t sell or rent it to outside companies.
Connect your financial account using Plaid
When you choose to connect your financial accounts to Credit Router using Plaid, you will be prompted to enter the username and password associated with those accounts. Plaid then links your accounts to Credit Router to use so you can share your data with Credit Router for funding decisions.
Credit Router technology reduces the effort needed for a borrower to submit an application for funding.
- Using Plaid’s secure technology, Credit Router is able to underwrite your application without needing you to save and upload your bank statements, profit and loss statements, AR records and more. This reduces your time to funding.
- Time to receive funding varies depending on the type of funding your business needs. For example, if you’re looking for a real estate finance product, generally this process can be completed in 30-45 days. However, if you’re looking for bridge (quick) funding (line of credit, MCA, or term loan) these type of products can fund your account in as little as 24 hours. When deciding which program you need, be sure to indicate as clearly as possible the loan purpose on the application. You can choose from: business start up funding, business acquisition, expansion, equipment, marketing, payroll, real estate, or other.
- Please indicate on your application how quickly you need funds. Choose from 1-7 days, 1-2 weeks, 1 month, or 90 days. This will help Credit Router decide which products to consider when underwriting your business financing.