Frequently Asked Questions



How is Herio Capital different from other lenders?

Herio Capital is faster and more accommodating than banks, more secure and insightful than other small business lenders and more competitively priced than merchant cash advance providers.

Our innovative techniques and integrated platform allow us to quickly, securely and accurately obtain the information we need. Measuring your business’ overall health is the goal. Our underwriters have a wealth of knowledge and understanding, and will work closely with you to understand your needs to provide you the right offer.

Our clients consistently get approved for larger loan sizes, longer terms and more favorable rates then they do from merchant cash advance providers.

Our personalized client portal allows you to engage with us directly and stay up-to-date during the application process. As a client, you will be able to monitor activity and have access to useful information within the portal.

What are the basic requirements to qualify for a loan?

The minimum general guidelines to qualify for a loan from Herio Capital are:

What are the loan parameters?

Herio Capital offers loan amounts of up to $100,000, with terms between 3-24 months.

What type of industries do you work with?

We work with a variety of industries, including, but not limited to auto repair shops, healthcare professionals, restaurants, retailers, maintenance companies, subcontractors and many others.

How quickly can I receive a loan from Herio Capital?

We provide same day decisions, and we can typically fund a loan within 2 days.

What is the application process?

Applying for loan from Herio Capital is simple and typically takes less than 10 minutes. You can apply online or over the phone by calling 1-844-Go-Herio. Many of our clients are brought to us through our valued network of Certified Professional Sales Partners.

What information do I need to apply?

You’ll start by completing a quick application that includes information about you and your business. You’ll also need to provide your business’ bank statements for the most recent 3 months. We’ve developed a simple and secure technique for you to do this in just minutes. We can also accept your statements by direct upload thru your personalized client portal, by email or fax. Once complete, you can expect to hear from us and receive a decision quickly.

How does repayment work?

We provide a number of innovative repayment solutions. Our goal is to align your payments to your revenue cycle.

Fixed Daily Payment - The manageable size and predictability of these payments appeals to the majority of small business owners, and suits those with many daily transactions, especially for those in industries or parts of the country not affected by seasonality.

Fixed Weekly Payments – For specific industries and those businesses that get paid less frequently, this solution may be the best choice.

Customized Variable Payments - Small businesses with predictable but variable seasonal income are strong candidates for this repayment solution.

Are Herio loans secured? Do I need collateral?

In most instances, we require a personal guarantee from the business owners. In addition, Herio Capital will file a UCC on the borrowing business entity.