Details

Bond Street – Excellent Overall Intermediate-Term Loan Value

Bond Street’s loan financing is easy and transparent with no hidden fees or prepayment penalties. For small businesses, you get 1 – 3 year term loans, rates starting at 6% and loan values between $50,000 to $1,000,000. Another great feature about Bond Street is that they don’t do hard credit pulls. You can complete the entire application online in just 10 minutes and be funded within one week.

Additional Details

Cost
6% – 23% APR

Repayment Terms
Bi-weekly payments for 1 – 3 years

Funding Amount
$50,000 – $1,000,000

Origination Fee
3% – 5%

Funding Speed
Approval within 48 hours, funding within 7 days

Application
Online

Recommended Requirements to Know

Annual Revenue
$250,000 and above

Personal Credit Score
650 or higher

Profitability Ratio
Check with the lender

Personal Bankruptcy
No open bankruptcy

Open Personal Tax Liens
No open personal tax liens

Months In Business
Minimum 24 months

Pros

No hit to your credit report to see if you qualify. Available in almost every state.

Cons

Qualifications are fairly stringent compared to other lenders. You’ll need a 660 personal credit score, 2 years in business with annual revenues of $200,000

Main Point:

Bond Street is fairly new to the small business lending industry. They offer competitive rates and consider more than just credit score when qualifying any business.

Get the financing you need

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