Quarrymoor Financial, a small-business funding service in Kingman, Arizona, explains how a funding request moves from the first call to partner review and offers. This page covers the steps to get a business loan, common requirements, credit checks, personal guarantees and how to compare offers. Partners make credit decisions and set rates and terms.
Quarrymoor's part, and the partners' part
Quarrymoor Financial is a broker, not a lender. It does not decide whether a business gets funding and does not set rates or terms. What it does is the groundwork: it learns what the money is for, works out which of the six funding routes fit, prepares the request and sends it to partners whose programs match. Each partner reviews the request independently and makes its own decision.
Quarrymoor Financial connects you with lending partners; partners make credit decisions and set rates and terms.
Asking what a loan broker does is reasonable before you hand over bank statements. In short: it saves you from applying blind to lenders whose programs do not fit, and it explains offers in plain terms. It cannot promise an outcome.
Step 1: Say what the money will cover
Call (928) 436-7264, or open the online request. The most useful first sentence names the cost and the date. For example, "a $14,000 lift install in six weeks" tells partners more than "some working capital". The form asks for your full name, phone, email, an optional company name, and three required picks: time in business, an annual revenue range and a requested amount range, plus a consent box.
Step 2: A short call to fill in the picture
Quarrymoor follows up with questions about how the business takes payment, how long it has operated, existing debts and what will repay the funding. This is where the funding route usually becomes clear. A cost with a resale value points to equipment financing; a dated gap points to working capital; uneven months point to a line of credit.
Step 3: Records partners tend to ask for
Owners ask what the requirements for getting a business loan really are. There is no single published list, and thresholds vary, but requests are usually reviewed against similar records:
- Three to six months of business bank statements, newest on top
- For bigger or longer requests, business and personal tax returns
- Years in operation and the form of registration
- Current debts, advances and leases with their payments
- Owner credit history
- For equipment: the seller's quote; for a purchase: the sale agreement
An Arizona entity whose state record is current is easier to verify. The Arizona Corporation Commission annual report guide explains why that record shows up in a funding file.
Step 4: Partner review and credit checks
Can applying for a business loan dent your credit score? Possibly. Some partners start with a soft inquiry that does not affect scores; others run a hard inquiry before an offer. Ask which kind of check a partner will run before you agree to it. Several hard inquiries in a short period can weigh on a personal score.
Do all business loans require a personal guarantee? No, but many do, especially for small and younger businesses. A personal guarantee makes the owner personally responsible if the business cannot pay. Read that clause carefully and ask whether it is limited or unlimited.
Step 5: Compare offers on totals, not labels
Offers can be priced as an annual rate, a factor rate, or a fixed fee. Put them on the same footing by asking each partner for the total amount you will pay back, the payment amount and frequency, the term, and any fees taken out of the funds or added at closing. Then compare totals and cash-flow fit.
| Item | Why it matters |
|---|---|
| Total repayment in dollars | The only figure that compares a loan with an advance |
| Size of each payment and how often it is taken | Daily or weekly payments hit cash flow differently than monthly |
| Term and payoff rules | Early payoff may or may not save money |
| Collateral and guarantees | What you or the business stand to lose |
| Fees and net funding | What actually reaches your account |
A merchant cash advance is not a loan and is priced by a factor rate; a working capital loan and equipment financing carry rates and schedules. The six-route comparison shows the differences at a glance.
Warning signs Quarrymoor flags on offers
- Being rushed to sign before reading the whole agreement
- No written total repayment amount
- Blank spaces in documents you are asked to sign
- A different business name on the contract than the one you spoke with
- Promises of approval before anyone has reviewed your records
More answers are on the FAQ page, and Quarrymoor's role is set out on the disclosures page.
By Quarrymoor Financial · Updated
