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FAQ

Frequently Asked Questions

While working with customers, we’re constantly learning about their needs and managing inquiries that arise. As a result, we’ve included a list of frequently asked questions along with answers in order to provide additional support. If your question isn’t addressed below, get in touch with us and we’ll provide the information you need.

General Question

Tycoon capital group helps small and medium-sized businesses obtain funding. We strive to be a trusted and committed partner to our customers, and we make the funding experience affordable, simple, and transparent.

 

Our prequalification process is quick and easy, and businesses can be funded in as little as 24 hours after approval. Take five minutes to fill out our online form and we will assess your business’s health and respond with the best funding options for your short-term needs and mid-to-long-term goals.

 

One year in business, minimum personal credit score of 500, a business bank account, and a minimum annual revenue of 50k.

 

Since we are purchasing future receivables, we look at the business bank statements to determine the amount of funding to maximize your business profitability while still considering your current business expenses.

 

Unlike other funding providers, we cater exclusively to small and medium-sized businesses, which often find it difficult to get traditional financing. Many online funding providers are heavily automated, so you never get to speak to a real person. Tycoon Capital Group combines Data Science with a human touch, and we work directly with our customers to get the right-sized funding for their unique needs.

 

According to the contract terms, you need to provide notice if you plan to switch bank accounts. Once we’ve been notified and the change has been processed, the payments or remittances should start coming out of your new bank account immediately.

Accounts receivable reports are a type of business report that provides information on outstanding revenue, bad debt, key customer accounts, and other metrics such as days sales outstanding (DSO), collector effectiveness index (CEI), and more. This is used to verify upcoming revenue.

 

No. The prequalification request is based on a “soft pull” which is only viewable to us, so it does not negatively impact your credit score.  Before you receive funding, Tycoon Capital Group will do a “hard pull” which will appear on your credit profile and may affect your credit score. The effect of a hard pull can vary by person, but the average impact is fewer than five points (credit scores are measured in hundreds of points, generally between 300 and 850).

At Tycoon Capital we take identity theft very seriously. Please contact us at Info@tycooncapitalgroup.com or call us at 917-423-7147 and we’ll help you right away. We also recommend that you contact a credit bureau like Experian to add a fraud alert message to your credit report. Experian is one of our trusted partners and we would be happy to help you navigate through the process.

We’re sorry for any inconvenience. It can take up to five business days for an account to settle and if we take any additional payments or remittances during that time, we will process a refund. We process refunds each Friday and you should receive them early the following week.

 
 
 
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