Business Loan FAQ
The following are the benefits and qualifications for obtaining a business loan:
Business Term Loan
Benefits:
• No Prepayment Penalty • Monthly Payments Available • Reports to Business Credit Bureaus • 1 - 2 Year Terms • Refinance Up to 2 MCAs
Qualifications:
1 Year Time in Business • $30,000 Deposited Monthly in Business Bank Account or $300,000 Annual Sales • 600+ FICO • No BKs/Liens/Foreclosures in Last 3 Years
Benefits:
• No Prepayment Penalty • Monthly Payments Available • Reports to Business Credit Bureaus • 1 - 2 Year Terms • Refinance Up to 2 MCAs
Qualifications:
1 Year Time in Business • $30,000 Deposited Monthly in Business Bank Account or $300,000 Annual Sales • 600+ FICO • No BKs/Liens/Foreclosures in Last 3 Years
SBA Loan
Benefits:
• Working Capital: 10 Year Term • Real Estate: 25 Year Term • Rate: Prime + 1% - 2.75% • Approvals within 24 Hours, Funding Process 4 - 8 Weeks • Monthly Payments & No Prepayment Penalty • Reports to Business Credit Bureaus
Qualifications:
• 2 Years Time in Business • 660+ FICO • No BKs/Liens/Foreclosures in Last 3 Years
Benefits:
• Working Capital: 10 Year Term • Real Estate: 25 Year Term • Rate: Prime + 1% - 2.75% • Approvals within 24 Hours, Funding Process 4 - 8 Weeks • Monthly Payments & No Prepayment Penalty • Reports to Business Credit Bureaus
Qualifications:
• 2 Years Time in Business • 660+ FICO • No BKs/Liens/Foreclosures in Last 3 Years
Business Line of Credit
Benefits:
• Unsecured • Same Day Funding Available • Only Pay for What You Use • Up to $250,000 Line of Credit • True Revolver; Each Payment Frees Up Additional Available Funds
Qualifications:
• 1 Year Time in Business • $25,000 Deposited Monthly in Business Bank Account or $300,000 Annual Sales • 600 Minimum FICO
Benefits:
• Unsecured • Same Day Funding Available • Only Pay for What You Use • Up to $250,000 Line of Credit • True Revolver; Each Payment Frees Up Additional Available Funds
Qualifications:
• 1 Year Time in Business • $25,000 Deposited Monthly in Business Bank Account or $300,000 Annual Sales • 600 Minimum FICO
Business Advance
Benefits:
• Unsecured • Same Day Funding Available • All Industries • 6 - 24 Month Terms Available • Up to $5 Million Funded Amount
Qualifications:
• 1 Year Time in Business (*6 Months TIB if Depositing Over $50,000 Per Month) • $20,000 Deposited Monthly in Business Bank Account • No Minimum FICO
Benefits:
• Unsecured • Same Day Funding Available • All Industries • 6 - 24 Month Terms Available • Up to $5 Million Funded Amount
Qualifications:
• 1 Year Time in Business (*6 Months TIB if Depositing Over $50,000 Per Month) • $20,000 Deposited Monthly in Business Bank Account • No Minimum FICO
A/R Line of Credit
Benefits:
• Revolving Line of Credit • Facility Size: $250,000 - No Cap • Line of Credit Amount Fluctuates as A/R Fluctuates (up and down) • Rates Starting at Prime + 2% • Up 95% Financing of Current A/R • 4 - 7 Days Application to Funding
Qualifications:
• Minimum $100,000 in Open Receivables on 0 - 60 Day Terms • $1 Million in Annual Sales • 1 Year Time in Business • No Minimum FICO
Benefits:
• Revolving Line of Credit • Facility Size: $250,000 - No Cap • Line of Credit Amount Fluctuates as A/R Fluctuates (up and down) • Rates Starting at Prime + 2% • Up 95% Financing of Current A/R • 4 - 7 Days Application to Funding
Qualifications:
• Minimum $100,000 in Open Receivables on 0 - 60 Day Terms • $1 Million in Annual Sales • 1 Year Time in Business • No Minimum FICO
Inventory Line of Credit
Benefits:
• Revolving Line of Credit • Facility Size $250,000: - No Cap • Line of Credit Amount Fluctuates as Inventory Fluctuates (up and down) • Rates Starting at Prime + 2% • Up to 85% Financing of Inventory Liquidation Value • 7 - 14 Days Application to Funding Qualifications:
• $1 Million in Current Inventory • $1 Million in Annual Sales • 1 Year Time in Business • No Minimum FICO
Benefits:
• Revolving Line of Credit • Facility Size $250,000: - No Cap • Line of Credit Amount Fluctuates as Inventory Fluctuates (up and down) • Rates Starting at Prime + 2% • Up to 85% Financing of Inventory Liquidation Value • 7 - 14 Days Application to Funding Qualifications:
• $1 Million in Current Inventory • $1 Million in Annual Sales • 1 Year Time in Business • No Minimum FICO
Equipment Financing
Benefits:
• Private & Vendor Sales • No Industry Restrictions • Purchase and Leasing Options • Financing from $25,000 – $1 Million • 1 - 5 Year Terms • Rates Start at 8% Unique Benefits • Revolving Line of Credit • Facility Size $250,000: - No Cap • Line of Credit Amount Fluctuates as Inventory Fluctuates (up and down) • Rates Starting at Prime + 2% • Up to 85% Financing of Inventory Liquidation Value • 7 - 14 Days Application to Funding
Qualifications:
• $1 Million in Current Inventory • $1 Million in Annual Sales • 1 Year Time in Business • No Minimum FICO Inventory Line of Credit 4 Qualifications • Business Bank Account • 550 Minimum FICO • 6 Months Time in Business • Invoice Required
Benefits:
• Private & Vendor Sales • No Industry Restrictions • Purchase and Leasing Options • Financing from $25,000 – $1 Million • 1 - 5 Year Terms • Rates Start at 8% Unique Benefits • Revolving Line of Credit • Facility Size $250,000: - No Cap • Line of Credit Amount Fluctuates as Inventory Fluctuates (up and down) • Rates Starting at Prime + 2% • Up to 85% Financing of Inventory Liquidation Value • 7 - 14 Days Application to Funding
Qualifications:
• $1 Million in Current Inventory • $1 Million in Annual Sales • 1 Year Time in Business • No Minimum FICO Inventory Line of Credit 4 Qualifications • Business Bank Account • 550 Minimum FICO • 6 Months Time in Business • Invoice Required
Sub Debt
Benefits:
• Subordinate 2nd Lien Position • Approval amount based on business cash flow • No Collateral coverage, No equity, No warrants, & No covenants • Maximum Funding - $5MM • Rates Starting at 15% - Up to 24 Month Terms
Qualifications:
• $1 Million in Annual Sales • 1 Year Time in Business • 600 Minimum FICO
Benefits:
• Subordinate 2nd Lien Position • Approval amount based on business cash flow • No Collateral coverage, No equity, No warrants, & No covenants • Maximum Funding - $5MM • Rates Starting at 15% - Up to 24 Month Terms
Qualifications:
• $1 Million in Annual Sales • 1 Year Time in Business • 600 Minimum FICO
Disclaimer: This service is not a lender and therefore cannot determine whether or not you are ultimately approved for a business loan, nor can we determine the amount of credit you may be offered. Instead, we facilitate business relationships between consumers like you and the lenders in our network. Our purpose and goal is to connect you with one or more lenders from within our network who can provide you with the cash you need. We will never act as an agent or representative for any of our lenders, so you can rest comfortably in the knowledge that you will receive fair and competitive offers.
In order to request a loan through this website, you should first fill out our short, easy and secure online form. Once you click to submit it, this information will be forwarded throughout our network of lenders who will review your details and determine whether or not they can offer you a credit. Since each lender is different and we have no say in the rates and fees you are charged for a loan, we urge you to take the time to review the details of each offer you receive very carefully before you accept or decline it. Once you have found a loan offer that works for you, you will be asked to provide your electronic signature; this binds you into a contract with the lender which means that you are legally obligated to adhere to the terms in the loan agreement. You are never under any obligation to accept an offer from any lender and you may cancel the process at any time without penalty. We will not be held accountable for any charges or terms presented to you by any lender and we are not responsible for any business agreement between you and any lender.
We can not guarantee that completing an online form will result in your being connected with a lender, being offered a loan product with satisfactory rates or terms, or a loan product of the requested sum or on the desirable terms, or receiving any approval from a lender in the first place. Participating lenders may verify your social security number, driver license number, national ID, or any other state or federal identifications and review your information against national databases to include but not limited to Equifax, Transunion, and Experian to determine credit worthiness, credit standing and/or credit capacity. By submitting your information via our online form on this website, you agree to allow any and all participating lenders to verify your information and check your credit. Cash transfer times and terms may vary from lender to lender. Not all the lenders in our network can provide up to the maximum amount. The limits and regulations vary from state to state.
To help the government fight identity theft, the funding of terrorism and money laundering activities, and to help attempt to verify a customer’s identity, Lenders may obtain, verify, and record information that identifies the customer.
In order to request a loan through this website, you should first fill out our short, easy and secure online form. Once you click to submit it, this information will be forwarded throughout our network of lenders who will review your details and determine whether or not they can offer you a credit. Since each lender is different and we have no say in the rates and fees you are charged for a loan, we urge you to take the time to review the details of each offer you receive very carefully before you accept or decline it. Once you have found a loan offer that works for you, you will be asked to provide your electronic signature; this binds you into a contract with the lender which means that you are legally obligated to adhere to the terms in the loan agreement. You are never under any obligation to accept an offer from any lender and you may cancel the process at any time without penalty. We will not be held accountable for any charges or terms presented to you by any lender and we are not responsible for any business agreement between you and any lender.
We can not guarantee that completing an online form will result in your being connected with a lender, being offered a loan product with satisfactory rates or terms, or a loan product of the requested sum or on the desirable terms, or receiving any approval from a lender in the first place. Participating lenders may verify your social security number, driver license number, national ID, or any other state or federal identifications and review your information against national databases to include but not limited to Equifax, Transunion, and Experian to determine credit worthiness, credit standing and/or credit capacity. By submitting your information via our online form on this website, you agree to allow any and all participating lenders to verify your information and check your credit. Cash transfer times and terms may vary from lender to lender. Not all the lenders in our network can provide up to the maximum amount. The limits and regulations vary from state to state.
To help the government fight identity theft, the funding of terrorism and money laundering activities, and to help attempt to verify a customer’s identity, Lenders may obtain, verify, and record information that identifies the customer.