Knowledge Center

Frequently Asked Questions

Answers to the questions we hear the most about funding, applications, and what to expect.

General Questions

I have questions. Who can I contact for help?

Reach out to us at info@gowanuswakefield.com or call 445.284.5230 — Our Operations Center is open 24 hours a day/7 days a week.

Where is Gowanus Wakefield located?

Our main office is at located at 2001 L Street, N.W., Washington, D.C. We serve clients across all 50 states.

What industries does Gowanus Wakefield serve?

We serve businesses across virtually every industry — restaurants, retail, ecommerce, construction, healthcare, trucking, manufacturing, professional services, real estate, staffing, technology, franchises, and independent contractors across all 50 states.

Application & Funding Questions

What kind of information do I need to provide on the application?

We require basic personal and business information — your name, the name of your business, your address, and some simple financial information. The full online application takes about five minutes.

How soon can I see my lending options after submitting an application?

Once your application is submitted, you'll typically see lending options tailored to your needs within minutes. A dedicated funding advisor will also reach out to walk you through the options that fit your business best.

What documents do I need to provide?

Most products require three to six months of business bank statements and a basic application. SBA loans and commercial real estate loans require additional documentation including tax returns, financial statements, and a business plan. Your dedicated advisor will walk you through exactly what's needed for the product that fits your situation.

Does Gowanus Wakefield charge any fees to apply?

No. Applying is completely free — no application fees, and no hard credit pull on initial review. Gowanus Wakefield is compensated by lenders only when a loan is successfully funded.

How much can I borrow?

Loan amounts vary by product. Working capital loans go up to $500,000, term loans up to $1,000,000+, SBA loans up to $5,000,000, and commercial real estate loans up to $10,000,000+. The right amount depends on your business revenue, credit profile, and intended use of funds — your advisor will help you size the right loan for your situation.

Credit & Eligibility Questions

Will it impact my credit score to fill out a Gowanus Wakefield application?

No. Unlike applying for a new credit card or loan, filling out a Gowanus Wakefield application does not result in a hard inquiry on your credit. You can get started on your application worry-free.

How will my credit score impact my lending options?

At Gowanus Wakefield, we understand that one of the major problems business owners' encounters is rejection due to credit history. We seek to fix that problem by helping you find a lending option that works. Whether you have good credit, bad credit, or no credit, we'll help you find a solution.

If I have bad credit, can I still apply?

Yes. We welcome applicants with all different credit scores. Gowanus Wakefield will work with you to find a lending option that suits your needs regardless of your credit history.