Frequently Asked Questions About A/R Financing
Questions about the Application Process
* Do I have to pay a fee to get started or for you to process my application?
* How long does it take to process my application?
* Who will help me complete the application?
Q: Do I have to pay a fee to get started or for you to process my application?
A: No. Stearns requires no start-up fees to process your application. However, upon acceptance of our proposal, Stearns may require a documentation and due diligence fee to cover our underwriting costs.
Q: How long does it take to process my application?
A: Normally between three and five working days is enough to get a client approval. We are generally able to give preliminary approvals within 24-48 hours via a proposal that details the basic terms of our agreement.
Q: Who will help me complete the application?
A: Stearns has several experienced Business Development Officers that will assist you with the application, and will walk you through the process. Upon acceptance of our proposal and completion of the underwriting process, your Business Development Officer will introduce you to the Account Manager that will ultimately be your daily contact.
