Central Capital Group Frequently Asked Questions

We offer working capital loans and merchant cash advances to small businesses throughout the United States.
We can lend businesses up to $1,000,000 unsecured, and up to $20,000,000 with collateral.
We will guide you through this simple process to completion. The business owner provides us with simple required application information (see the question below for specifics). Within 24 hours, often much sooner, we come back to you with offers from our network of financial institutions and private lending companies. If you choose to proceed, we can help you obtain the funds to your account same day in most cases.
For most of our loan products, all we require is a one page application and the last 3 business checking account monthly statements. For larger transactions and term loan products we may require additional documentation such as tax returns, p&l and balance sheets, AR/AP aging reports, and a business debt schedule.
Loan processing requires a minimum of 6 months in business operation and a minimum of $15,000 in monthly sales.
You can have funds in your bank account is as little as 4 hours!
Repayment is debited from the business checking account on either daily, weekly, or monthly basis. We will guide you to the best solution for your loan needs.
An Unsecured loan means that you are not providing collateral or assets to back the loan.
Many brokers in this field will take your information and shop it around to several lenders. Not only do you put your personal information at risk by having the broker send it out in this fashion, it also hurts your credit every time each source runs a hard credit check. Central Capital Group has years of experience with this type of financing for a wide array of industries. We are able to connect you to the right source of working capital without making your data available to many different sources. In many cases we do not even require a hard credit inquiry. More than this, what sets CCG apart is our dedication to professionalism and service. We do not employ pressure sales tactics. Instead, we use a consultative approach to match our clients with the right program.
We work with most industries. Central Capital Group has significant experience with restaurants, medical practices, retail shops, wholesalers, and construction and many other industry types.
We offer term loans starting at 5.49% APR. In some cases an origination fee of 1-5% of the total loan amount or credit line established is charged. You will be apprised of all loan details and options available to your business.
Our funding sources provide an account so you can review your balance online.
Yes. When you speak with our loan adviser, mention to him/her your interest in this option.
Many lenders have a policy that a business is eligible for renewal financing once the loan balance is paid down 50%. However, in many cases we are also able to provide additional financing at any time the business needs it.
After 3 months of positive payment history and successful business performance. We can guide you through this process and set time reminders to help facilitate your credit limit needs.
Most of our resources require a minimum FICO score of 500, but we have succeeded in acquiring financing for customers with credit scores even below that threshold as well.
There are no termination fees or pre-payment penalties with Central Capital Group.
We are here to assist you to get the best loan for your business. Give us a call anytime at (516) 666-8800 . Central Capital Group’s offices are located at 445 Central Ave #348, Cedarhurst, NY 11516

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