Bank of America’s unsecured business term loan offers low interest rates and competitive repayment terms. It’s well-suited for business owners who have been in operation for a couple years and have strong personal credit. » MORE: Best bank...
Qualify for loan amounts from $1,000 – $150,000 Access to capital at a low cost to your business Zero origination fees Huntington pays your SBA fees Lower credit score requirements Free financial entrepreneurial courses ($1,500 value)powered by Operation Hope ...
Term loans. A business term loan delivers a lump sum with a fixed term and repayment amount. Each payment includes principal and interest. Business lines of credit. Business lines of credit are similar to credit cards and can be used for expenses such as purchasing inventory and managing season...
The eligibility requirements for Credibly’s small business loans and financing depend on which one you’ve selected and are based on a business owner’s specific credit history and creditworthiness. Generally, you need to have: Six months or more time in business Credit score of over 500*, an...
Our picks for: Small-business financing Read NerdWallet's lender reviews Offers business lines of credit and term loans. Cash can be available within the same business day for the term loan. Accepts borrowers with a minimum credit score of 625. ...
Business credit cards are similar to business lines of credit, as they offer a credit line that’s designed to be used for business expenses. There are other types of financing, such as business cash advances, invoice factoring, and microloans, that we’ll discuss in more detail shortly. ...
Rates as low as Prime Rate plus 0.00% Loan Terms: Revolving line of credit for 1 year with renewal annually on satisfactory credit Term loans of 12 to 60 month fully amortized Loan processing and documentation fee: 1.0% of loan amount, minimum $250 all-in ...
Interest rate: As low as 8.50%Disclosure2 † Fixed ratesLoan terms: revolving with annual renewalQualifications: Minimum 2 years in business under existing ownership; minimum $250,000 in annual revenue Go to secured lines of credit » Secured business loans Expand your business or refinance ...
Rates will vary depending on your credit score, business revenue, up-front deposit for the equipment you’re financing and rates can vary between 8% and 40% This is an attractive loan since it is usually the financing option with the lowest interest, the business owner gets to own the equi...
Interest rate: As low as 8.50%Disclosure2 † Fixed ratesLoan terms: revolving with annual renewalQualifications: Minimum 2 years in business under existing ownership; minimum $250,000 in annual revenue Go to secured lines of credit » Secured business loans Expand your business or refinance ...