Everything you need to know about Hum's Instant Capital offers, the application process and what to expect.
What is Instant Capital?
Instant Capital is Hum’s tech-enabled process that quickly assesses your fundraising needs to offer fast access to working capital.
What types of businesses are eligible to apply for Instant Capital?
Currently, only companies who have successfully connected their financial data systems will see an offer to start an Instant Capital application. Instant Capital offers are sector agnostic, meaning businesses from any sector can apply, and are assessed purely on financial merit. A few criteria are:
- Businesses must be in the USA
- Seeking less than $750K in fundings
- Seeking capital within the next 6 months
What information do I need to complete the Instant Capital application?
You’ll need to provide your personal details (including your SSN for a credit check), information about your business (such as its structure and ownership type), and your company’s most recent four months of bank statements.
Why is a credit check required?
A credit check helps us assess your financial history and determine your eligibility for the loan. This is a standard step in the application process.
Is my personal and business information secure?
Yes, your information is encrypted and secure. Personal details, such as your SSN, are used for the credit check and are not stored in our system, therefore if you pause and later resume your application, you’ll need to re-enter these details.
How long does the application process take?
The online application typically takes about 10–20 minutes to complete. Once you’ve submitted your application, our team will review it, and you can expect to receive a response within approximately 2 business days.
What should my bank statements include?
Your bank statements should be for the most recent four months and clearly show account activity, including deposits and expenses. The statements should be uploaded individually month-by-month and in PDF format. You will also need to provide an attestation listing your company’s revenue for each of those months.
What happens after I submit my application?
Once submitted, our team will review your application. If additional information is needed, we’ll contact you directly. Otherwise, you’ll hear back with a decision or next steps within 2 business days.
How do I contact support if I have questions?
You can reach our support team using this form. We’re here to help throughout the application process.
What if my application is declined? Can I reapply?
If your application is declined, we’ll provide an explanation of the decision and guidance on next steps. You may be able to reapply after addressing any issues outlined in our feedback.