Business Term Loans

September 15, 2019

 

Are you a business owner looking to get a business term loan?

 

  • Funding Amount: $5K - $500K

  • Funding Speed: 3 to 7 business days

  • Term Length: Up to 36 Months

  • Rates as low as 9.99% 

 

Requirements:

  • 25k Minimum Monthly Deposits

  • 650 FICO Score

  • No Open Business Bankruptcy 

  • 1+ Years in Business

 

What is a Term Loan:

 

A business term loan is a lump sum of capital that you pay back with regular (weekly, bi-weekly, or monthly) payments at a fixed interest rate. Most of the clients that have been approved for a business term loan had a credit score that was above 650, over 2 years in business and their annual business revenue over $250,000.00. Interest rates start at 9.99% and it can take up to 7 business days to get funded.

 

 

What is needed to apply for a term loan:

 

 

What is needed to get funded:

 

  1. Complete and signed contract

  2. Voided Business Check

  3. Color Photo ID

  4. Proof of Ownership (Business Tax Returns) 

 

Purpose of the capital

 

Financing invoices, fund marketing, hire people, purchase

equipment, purchase inventory, make payroll, pay rent, Consolidate old business debt, working capital, and much more.

 

Many businesses can qualify for a term loan—as long as you’ve been in business for 1 year +, have a good credit score, and are generating revenue above $25K a month.

 

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