Who is NuGrowth Capital?
NuGrowth Capital is a financing provider that offers Working Capital Advances to US and Canadian small businesses.
Is your Working Capital Advance a flexible solution?
Our Working Capital Advance solution does not have a fixed time period for repayment. Repayments are based on a small percentage of your gross revenue.
How much financing can I apply for?
You can apply for as little as $5,000 up to $250,000 for your business.
What can I use the financing for?
You can use your financing for any business purpose e.g. inventory, marketing, expansion.
Which types of businesses can apply?
We service small businesses in over 600 industries across the US and Canada e.g. retail, restaurants, contractors.
What are your minimum requirements?
- In business for at least 12 months
- Minimum of $120,000 in gross annual revenue
- Minimum business owner personal credit score of 550
- US or Canadian based business
How quickly can I receive funds?
Once approved, we fund in as little as 24 hours.
How is the maximum amount of financing I qualify for determined?
We evaluate your recent gross revenues (minimum of four months data).
How can I apply?
You can use our online application form, it will only take a few minutes!
How long does the application process take?
We will be in touch within 24 hours of receiving your online application. Our average turn around time is less than 72 hours.
What documents do you require?
We require the below items for all applications.
Most recent four months business bank statements
Government issued ID
Additional items may be required depending on the amount of financing you are applying for.
What if I have poor credit?
We work with small business owners with a wide range of credit scores. In some cases financing will be approved with different financing terms.
How is financing repaid?
Payments are electronically deducted from your business bank account (ACH in the US, EFT in Canada).