Choosing a product
Questions to ask before accepting financing
Ten direct questions that surface the real cost and terms before you sign.
Written by Fundrillo Editorial TeamReviewed by Marcus Ellison, Commercial Lending Advisor
Last updated August 1, 20266 min read
A good offer holds up to direct questions. Ask these before you sign anything.
Ten questions worth asking
- What is the total amount I will repay?
- How is the cost expressed — APR, factor rate, or fees?
- How often are payments collected?
- Are there origination or other fees?
- What are the prepayment terms?
- Is collateral or a personal guarantee required?
- What happens if I miss a payment?
- Can the terms change over time?
- Who do I contact with questions?
- What is the funding timeline?