Details

Funding Circle – Intermediate-Term Loan At A Great Value

Funding Circle’s term loan seems like the best of all worlds – low rates, no application fee, no hidden fees and no penalty for paying the loan off early. Plus their application process quick and easy, letting you get back growing your business. Loan repayment terms range from 1 to 5 years with monthly payments and rates starting at only 5.49%.

Additional Details

Cost
5.5% – 28% APR

Repayment Duration
1 – 5 years

Funding Amount
$25,000 – $500,000

Origination Fee
0.99% – 6.99%

Funding Speed
1 – 2 Weeks

Recommended Requirements to Know

Personal Credit Age
At least 15 years of personal credit history

Annual Revenue
Above $600,000

Personal Credit Score
700 or higher

Profitability Ratio
Check with the lender.

Months In Business
Minimum 60 months

Personal Bankruptcy
No open bankruptcy on your personal credit report.

Open Personal Tax Liens
Must not have any open personal tax liens

Open UCC Filings
0

Pros

Easy and fast online application with great customer service when you need it. Can be approved up to $500,000

Cons

Traditional bank loans rates are still lower.

Main Point:

Faster approval than a traditional loan but with higher interest rate. However, it beats other short term financing options.

Get the financing you need

Apply Now