Highlights

Loan Amount
Loan amount varies depending on cash flows generated by the business
$5,000 – $150,000
Payment Frequency
Payment frequency depends on credit quality of borrower; higher risk borrower will likely make 2 payments per month
Daily
Loan Term
Length of payment period
1 – 4 Years
Interest Rate
Interest will vary widely based on the years in business, industry, term of loan, and business cash flows
15% – 60%
Time To Fund
Expedited loan application process with minimal documents<
2 – 5 Business Days
Other Requirements
Personal Guarantee Required
No Collateral Required

Learn the Good & the Ugly

PROS

Flexible credit standards with FICO requirements starting at 500
Short application with quick approval turnaround
Minimal paperwork requirements

CONS

High interest rates
Some loans may require daily payments
No interest rate savings upon pre-payment

See What you need to qualify

Check All Boxes and Get Started.

At Least 1 Year in Business

Last 1 Year of Personal Tax Returns

FICO above 550

Last 6 Months of Business Bank Statements