What is a concurrent loan? An easy way to get more business funding

Concurrent funding is when your business continues to get more money while you pay down the original business loan.   Why concurrent funding?    Get new funding soon after you start paying down your current loan.   Your business is likely to qualify for new funding several times during the loan.   Apply below and say you want concurrent funding options.    Read more if a larger business loan is needed.

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A concurrent loan allows your business to get fast new business funding with the least amount of review and paperwork

FAQ Frequently asked questions on a concurrent loan for businesses

What is a concurrent loan?

A concurrent loan is when the same lender makes another separate loan before their existing loan is paid off. The concurrent loan can be as soon as 1 month after funding.

Why get a concurrent loan instead of redoing the same loan?

Lenders do not want to refinance the existing loan after only a month or two. The numbers in the contract would be wrong. As a result, it is easier to do stand alone business loans separately. This is especially true if the lenders want to extend more funds frequently such as monthly.

Won’t my existing lender give me less money because I already owe them?

The lender will always give you as much as they can. If you have a good payment history with them, they usually give you more than other lenders because you have a proven record with them. If you need more than they will give, then you can consider other lenders

What should I do to get a concurrent loan?


  • Find out how much you owe on your existing business loan:
    Find out what the balance is on your  loan and what the requirements are for getting more money.   Only some contracts will allow you to get more business funding after paying on your existing loan for just 1 month.  Many other contracts require your business to have paid the loan down 40% to 50%, or even more.
  • Communicate:
    By knowing what your contract says, you can contact the lender as soon as you are eligible.   Check that your payments have been on time and if being late makes your business ineligible for more funding.