Applying to one bank means one set of criteria and one answer. A marketplace puts your application in front of 50 lenders that compete for it.
A bank can be a great rate — if you fit its exact box and have time to wait. The risk is that one "no" sends you back to square one, and one "yes" gives you no way to know if it was actually competitive.
A marketplace removes that risk: you apply once, 50 lenders see it, and the best offer wins. You are not betting your timeline on a single underwriter.
EQ Funding is free to you — lenders pay when your deal closes — so there is no downside to comparing before you commit.
No. EQ Funding is paid by the lender when your deal closes, never by you — and because lenders compete, the winning offer is often better than a single bank would have made.
Your application is only sent to the lenders you choose to proceed with — never broadcast publicly or sold to data brokers.
Yes. One EQ Funding application routes your file to 50 lenders covering both, so you see eq funding marketplace and a single bank offers side by side and choose the better deal — instead of applying separately and guessing which is more competitive.
No. Comparing offers uses a soft pull that has no effect on your credit score. A hard inquiry only happens once you accept a specific lender — so there is no downside to seeing both before you decide.
Nothing to you. EQ Funding is paid by the lender when your deal closes — never by the borrower. Because lenders compete, the winning offer is often better than what a single source would have made.
Most applicants see first offers within about 24 hours and can fund in as little as 48 hours after accepting. SBA-backed options take longer but carry the lowest rates.
Six questions. Two minutes. No effect on your credit score. Real offers from 50 lenders within 24 hours.