Our Financing Process

1. Interested businesses that qualify complete our Pre-Qualification Form.

2. Reneva reviews the information provided and responds with a financing proposal from one of our lenders, usually within a few business days.

3. If the business agrees to the proposed financing terms, it will submit a full application package to the lender for review.

4. The lender reviews the application package and prepares closing documents for the proposed credit facility, which typically takes a week or less.

5. Upon completing its review of the application package and completion of the closing documents, the lender will schedule a meeting to close on the credit facility, or alternatively, will send closing documents to a client electronically or through the mail.

6. Once the the credit facility is in place, the lender can begin financing the business immediately.

To qualify for financing, businesses must meet the following minimum criteria:

• Clients must have current and existing sales to commercial customer accounts - they are “B2B” businesses, not “B2C” businesses that sell to individual customers, such as restaurants or retail stores, and are not medical practitioners.

• Clients must have one or more of the following:

  • Current commercial receivables (less than 90 days old)- money owed to our clients by their customers for products delivered;or services rendered;

  • Valuable inventory or equipment available as collateral.

• Clients’ customers must be determined to be credit-worthy businesses, based on information gathered by inquiry with Dun & Bradstreet (D&B), LexisNexis, States of Incorporation, the Better Business Bureau and other reliable sources.

• Clients must be bona fide businesses engaged in legal enterprises and providing real products or services to their customers. 

If your business meets these criteria, you can get started by completing our Pre-Qualification Form.