Question 1

Are you the lender?

Accepted Answer

No. Soho Wealth Group is a funding consultancy, not a bank or a lender. We help you plan and arrange funding. The bank, card issuer, or funding provider makes the final decision and sets the final terms.

Question 2

Do you guarantee approval?

Accepted Answer

No. We can't, and neither can anyone else. Banks, card issuers, and funding providers make their own underwriting decisions. Any company that promises you an approval before a provider has reviewed your file is telling you something they don't know.

Question 3

Will this affect my credit?

Accepted Answer

It depends on the product and the stage. Some providers can run a soft check first, which does not affect your score. A full application usually requires a hard credit inquiry, which can. We'll tell you which one applies before anything is submitted.

Question 4

Does 0% mean I never pay interest?

Accepted Answer

No. A qualifying card may offer 0% APR for an introductory period. When that period ends, the card issuer's standard APR may apply to any balance you still owe. Each card sets its own period and its own rate. This is why we ask about your repayment plan before we talk about applications.

Question 5

Why would I use a consultancy instead of my bank?

Accepted Answer

Your bank may still be your best option, and we'll say so if it looks that way. We're useful when you want help planning across several funding paths, or when your bank has said no and you want to know what else exists. The goal is the right fit, not replacing a good bank offer.

Question 6

Are MCAs expensive?

Accepted Answer

They can be. An MCA can be faster and easier to qualify for than traditional credit, but the total cost is often higher, and payments are usually taken daily or weekly. That can put real pressure on cash flow. We'd rather show you the full cost first than arrange something that hurts the business.

Question 7

What does Soho charge?

Accepted Answer

We're paid by you, not by the bank or funding provider. Our fee is a percentage of the amount you actually receive — between 3% and 15%, depending on which product is used. You'll get the exact figure for your situation in writing before you agree to anything. We do it this way on purpose. If funders paid us, we'd have a reason to point you at whoever pays the most. Because you pay us, we don't.

Question 8

Who is Soho Wealth Group?

Accepted Answer

Soho Wealth Group is a funding consultancy. We help business owners and consumers plan and arrange funding across four product types, and we are paid by the client rather than by the bank or funding provider.

Question 9

Are you a lender or a consultancy?

Accepted Answer

A consultancy. We are not a bank and we do not lend money. The bank, card issuer, or funding provider makes the final decision and sets the final terms.

Question 10

What happens after I submit the form?

Accepted Answer

A member of the team reads it and gets in touch to ask a few follow-up questions about your goal. Nothing is sent to a bank or funding provider at that point.

Question 11

Who will contact me?

Accepted Answer

A person from Soho Wealth Group, by email or phone, whichever you asked for. If a bank or funding provider needs to speak with you later, we tell you who they are first.

Question 12

How many providers will see my information?

Accepted Answer

Only the ones you agree to apply to. We talk through the shortlist with you before anything is submitted, and you can take any provider off the list.

Question 13

Do I have to accept an offer?

Accepted Answer

No. An offer is an offer. You can turn it down, ask questions about it, or take time to compare it with something else.

Question 14

Can I stop at any point?

Accepted Answer

Yes. You can tell us to stop at any stage, and we will. You can also ask us what has already been shared and with whom.

Question 15

What does Soho charge?

Accepted Answer

Our fee is a percentage of the amount actually funded — between 3% and 15%, depending on which product is used. We're paid by you, not by the bank or funding provider.

Question 16

When do I pay?

Accepted Answer

The exact percentage that applies to you, and when it becomes payable, is set out in writing in your agreement before you sign it.

Question 17

What if no funding is arranged?

Accepted Answer

Anything you would owe if no funding is arranged is set out in writing in your agreement before you sign it. Read that section carefully, and ask us about it if it is not clear.

Question 18

Will checking my options affect my credit?

Accepted Answer

It depends on the stage. Talking through your situation with us does not affect your credit. A formal application to a provider usually involves a credit inquiry, and we tell you which type applies before anything is submitted.

Question 19

What is the difference between a soft and a hard inquiry?

Accepted Answer

A soft inquiry is a look at your credit that does not affect your score. A hard inquiry is recorded when you formally apply for credit, and it can lower your score by a small amount for a while.

Question 20

How many inquiries will there be?

Accepted Answer

It depends on how many providers you decide to apply to. Each provider runs its own check. We tell you how many applications a plan involves before you agree to it, so the number is never a surprise.

Straight answers, including the awkward ones.

Questions you should ask any funding company

About the company

About the process

About cost

About credit

About the products

Straight answers, including the awkward ones.

Questions you should ask any funding company

Are you the lender?

Do you guarantee approval?

Will this affect my credit?

Does 0% mean I never pay interest?

Why would I use a consultancy instead of my bank?

Are MCAs expensive?

Will you sell my information?

What does Soho charge?

About the company

Who is Soho Wealth Group?

Are you a lender or a consultancy?

About the process

What happens after I submit the form?

Who will contact me?

How many providers will see my information?

Do I have to accept an offer?

Can I stop at any point?

About cost

What does Soho charge?

When do I pay?

What if no funding is arranged?

About credit

Will checking my options affect my credit?

What is the difference between a soft and a hard inquiry?

How many inquiries will there be?

About the products

How does 0% intro APR business credit work?

How does a business line of credit work?

How does a personal term loan work?

How does a merchant cash advance work?