Funding can be used for a variety of business needs in a wide range of industries.
Loan and advance sizes range from a minimum of $5,000 to a maximum of $600,000.
The term of repayment may be anywhere between 3 and 36 months.
Monthly gross revenue of $8,500 or more.
3 months of business bank statements required.
Minimum 6 months time in business.
A minimum FICO score of 500 for the applying business owner.
Businesses must be based in the United States.
The rate and pricing of a credit product is determined by a number of factors including recent business performance, industry, dollar amount financed, and term.
Depending on the product that you select, you may be charged an origination fee. These fees are always itemized in the funding documents for review.
Short term rates are often stated as a fixed simple interest rate, or “cents on”, as we believe this is an easier way for you to understand the true “cost” you are paying to borrow. This shouldn’t be confused with an annualized interest rate.