FAQs

Since 2003, Oak Street Funding has been committed to working as a specialty lender to select cash-flow businesses – Investment Advisors, Accountants, Insurance Professionals, and BHPH Dealerships – using a relationship-based service model. For these businesses, we provide customized loans to meet almost any business need. With an exceptional customer satisfaction rating, measured by a Net Promoter Score, we deliver for our clients and provide:

• Strength & Stability – With 20 years of lending experience across various market cycles, we have proven to be a dependable, non-SBA capital provider.
• Industry Expertise – Our lending team comprises dedicated experts with extensive experience in evaluating our select cash-flow businesses. They leverage the in-house expertise of our underwriting, legal, and servicing departments to ensure a streamlined and efficient loan process.
• Personalized Solutions – At Oak Street Funding, we understand that one-size-fits-all solutions don't work for all businesses. We take a personalized approach to lending, tailoring loan structures and terms to your specific needs. This flexibility extends beyond the loan itself. We can also adapt our processes to fit your deal timeline, ensuring a smooth and efficient experience from application to closing.
• Simplified Loan Management – Our secure, mobile-friendly ePortal, MyStreet, puts you in control of your loan every step of the way. Conveniently check your loan application status, make payments, upload documents, download reports, and manage all your loan information – all from a single, user-friendly platform.
• Local Decision Making – Unlike some lenders who rely on external partners, we maintain a fully in-house team encompassing every stage of the loan process, from initial sales contact to dedicated loan servicing. This ensures consistent communication, streamlined workflows, and access to underwriting, legal, and servicing specialists all under one roof. The result? A faster, more efficient loan experience for you.

Yes, we are a direct, non-SBA specialty lending company. As a direct lender, Oak Street Funding provides you with the speed and efficiency of working directly with the decision-makers.

All decisions are made by the Oak Street Funding team which allows us to expedite the process for our borrowers. The amount of time required to complete the business lending process depends on the timeliness of information provided by you and any respective parties to the transaction. Once all required documents are in, the approval process can be completed in as little as four weeks. More complex transactions may take longer to close.

Rates (based on the applicable United States Treasury based rate), fees, and terms of our loans vary depending on the particular business situation. At Oak Street Funding, our in-house lending experts review each loan application and provide a customized financial structure for every situation. We are a relationship-based business that believes our value is more about our deep expertise, partnership and servicing we provide, evident by the fact that many of our customers are repeat business and provide strong referrals.

The typical loan process at Oak Street Funding includes six phases:

• Assessment – A dedicated Loan Officer will schedule a meeting to discuss your specific business goals and answer any questions you may have. This initial consultation helps us determine if our loan products are a good fit for your needs. If so, you'll be guided through the application process.
• Application – Choose between a convenient online application or a paper form and submit initial documentation to assess whether a term sheet – a non-binding letter of intent which summarizes the important financial and legal terms as well as the amount of the loan and its repayment – can be issued.
• Processing – Once a term sheet is agreed upon and a deposit is received, you'll submit all required loan documents through our secure MyStreet loan platform.
• Underwriting Review – Our experienced Underwriting team will analyze all documentation and information. They may contact you for any missing details to ensure a smooth approval process.
• Closing – After final review, you’ll receive a set of loan documents for review to finalize your loan.
• Funding – You’ll sign the loan documents and your loan funds will be disbursed in a timely manner.

After you receive the funds, a dedicated customer-service representative will handle your account. You will always be able to reach your assigned representative in whichever manner is best for you, such as phone, email or text. If you prefer to self-serve, you can also check the status of your loan or obtain additional information on our secure, MyStreet portal.