Wall Street Funding provides cash advances of up to $500,000 to businesses that have been up and running for at least three months. You’ll just need $10,000 of annual monthly revenue and a business bank account, and you’ll be eligible for their advance.
As an alternative lender, Wall Street Funding advertises a “frictionless” application process and funding in as little as 24 hours. They’re also surprisingly transparent with their rates, which start at 7.9% and can reach up to 45%.
Overall, Wall Street Funding stands out for their minimum time in business requirement of three months, which is one of the lowest in the industry, and their lack of a credit requirement. So, if you’re a very new business or have bad credit, then Wall Street Funding may be one of the only funding providers you’ll be able to move forward with.
$3,000 - $500,000
4 months - 3 years
7.9% - 45%
Time in Business
Personal Credit Score
As you can see, Wall Street Funding has very few eligibility criteria and the ones they do have are relatively easy to meet. Because of this, they have a 90% approval rate for their pre-qualification step.
However, they don’t work with every industry. According to their website, Wall Street Funding works with the following industries:
With few application requirements and fast approval times, Wall Street Funding may seem like the right fit for your business. Let’s take a closer look at their underwriting and post-funding processes.
You’ll simply have to call or fill out an online application to initiate the funding process with Wall Street Funding. Whether you take this first step over the phone or through the online application, you’ll need to provide them with the following information:
After you submit this preliminary application, Wall Street Funding reviews your information to decide whether or not you prequalify to fund with them. This is the step that 90% of applicants make it through, and Wall Street Funding boasts that they’re able to provide these approvals within 24 hours of receiving your application.
Next, you’ll need to fill out the secondary, more thorough Wall Street Funding application and send in your last three business bank statements. According to Wall Street Capital reviews from customers, they could run a hard inquiry on your personal credit history during this step, as well.
With this second round of information, Wall Street Funding will work to verify the information you self-reported in the preliminary application. After they’re able to get to know your business finances better, they work to underwrite your final offer.
According to the Wall Street Funding website, they can fund your business in as little as 72 hours if all goes according to plan.
Because Wall Street Funding offers so many different iterations of their cash advance, your post-funding experience with them can vary drastically based on what kind of funding you secure. However, every form of advance they offer will be considered “working capital,” which means you can put the proceeds of the advance to use as you see fit.
Regardless of what kind of advance you access through Wall Street Funding, you’ll be able to build up business credit with them, which will make renewing your funding that much easier. So, if you’re looking for an extended relationship with your lender, then know that Wall Street Funding—along with many other lenders, of course—can fit that bill.
Wall Street Funding is located in New York, New York and can be reached via phone or email.
Wall Street Funding has been accredited by the Better Business Bureau since 2017 and currently has an A+ rating. However, customer reviews for this lender are pretty sparse, which is surprising for a company that’s been around for a decade.
Negative customer reviews on BBB mention poor customer service experiences, including rude and condescending sales reps.
On the other hand, more positive Wall Street Funding customer reviews highlight how fast and easy the application and funding process is.
Lines of credit
Starting at 4.66% (of draw amount)
Minimum credit score required
Wall Street Funding is not in Fundera’s Lender Network. The Fundera team carefully vets all of the lenders in our network, and have determined that Wall Street Funding either doesn’t have the technology to work with Fundera or does not offer a financing product that competes with the other lenders in its product class. We suggest considering another lender in this product class.
Christine Aebischer is an editor at Fundera.
Prior to Fundera, Christine was an editor at the financial planning startup LearnVest and its parent company, Northwestern Mutual. There she wrote and edited on topics such as debt, budgeting, insurance, taxes, investing, and retirement. She has written for print and online on topics ranging from personal finance to luxury real estate.