Term Loan Lending Guidelines
We offer traditional Term loans with great rates and up to 2-5 years to repay, no prepayment penalties. Our lender is a leading online lender that works closely with partners to provide the best credit financing solutions for our clients.
This is a conventional fixed rate loan, starting at 6.99%, in amounts of between $30,000 and $350,000.
- Minimum 650 FICO Score
- Soft Credit Pull – Will Not Affect Your Credit Score
- No Bankruptcies or Foreclosures in past 3 years
- 2 Years in business
- Must include anyone owning 20% of the company
Bank Term Loans Product Overview
Loan Size Payment • $30,000 to $350,000
Loan Description • Working capital • Debt refinance • New equipment purchase
Fees • referral and packaging fee • Between $200 and $300 for bank closing costs
Time to Funding • Pre-qualify in only 5 minutes • Funding as fast as 2 days after application is complete
Geographic Coverage • Nationwide
Use of Proceeds • Working capital • Debt refinance • New equipment purchase
Payment Method • Monthly payments are debited from checking account
Interest Rates • Fixed interest rate starting at 6.99%
*Items Usually Needed When Applying – 2 Years Business Tax Returns / 2 Years Personal Tax Return / 3 Months Bank Statements
Included Industries
- Gas Stations
- Convenience Stores
- Dry Cleaners
- Agriculture/Farming
- Distilleries/Breweries
- Restaurants/Bars
- Liquor Stores
- Healthcare
- Pet Care
- CPAs
- Lawyers
- Engineers
- Hotels & Motels
- Other Personal/Professional Services
