BUSINESS TERM LOANS
SBA TERM LOAN – ONLINE BUSINESS LENDERS TERM LOANS -PRIVATE BUSINESS LENDERS TERM LOANS
Business term loans can finance one-time investments for your small business. Your options include SBA loans and business loans from online lenders.
Does your business need to purchase equipment, renovate office space or make a similar type of investment? A term loan is likely your best option, giving you the cash to grow your business
BUSINESS TERM LOAN SUMMARY
- Funding up to $300.000
- Terms: 1 to 5 years
- Rates: 10% to 36%
- Time for approval: 1 to 7 days.
QUALIFICATIONS
- Must be in business for at least 6 months.
- Must have a minimum annual revenue of $75.000
- Must have a minimum credit score of 620
- No Bankruptcy in the past 3 years.
- No Tax Liens
- No Criminal Record
DOCUMENTS REQUIRED
- Application completely filled out by all owners
- Copy of Drivers License from all owners
- Last SIX months Business Bank Statements
- Business Tax Returns
- Personal Tax Returns
- P & L Statements
- Copy of Personal Credit Report ( All three bureaus )
- Voided Business Check from same account that Bank Statements are provided.
HOW TO SUBMIT YOUR DOCUMENTS
- Save all documents to your computer in PDF File
- Fill out online form or request application – ( 800 ) 291 – 5484
- You can also send all documents to docs@Bridgedin.com
- Please make sure that you submit all documents as required.
WHAT HAPPENS AFTER SUBMISSION
- Allow up to 72 hours for a pre approval, may take up to 7 days for an approval.
- Once approved, provide additional documents if requested.
A Business Term Loan Never Goes Out Of Style.
We all love a classic because it’s tried and true – we know it’ll work for us time and time again. It’s the same with a business term loan: it’s the stable, flexible way to get more working capital, grow your business, and build your credit. If you’re craving a simple small business financing solution, this is it.
A Simple Loan With Flexible Features.
No two businesses are alike. For example, your business is way different from that wacky startup your brother-in-law keeps trying to get you involved in. So business term loans are set up to meet almost any unique business need. You can leverage your loan for everything from capital improvements to financing new equipment to hiring more staff.
In other words, you can use your business term loan for, oh, just about any opportunity you want to capitalize on – even if that includes offering your services to your brother-in-law’s wacky startup. No judgment here.
Applying For Your Business Term Loan Is Easy.
All you need to do to see your business term loan options is spend about 15 minutes answering questions in our free online application. You’ll be asked to enter information about your credit score, time in business, and collateral. You may also need to upload your P&L statements or bank statements to show your revenue.
Once approved, you can access your funds in as little as 24 hours.
A Fixed Rate Keeps Your Payments Predictable.
Your business term loan will typically have a fixed interest rate or fixed flat fee, which means your payments will stay the same over the lifetime of your 1-5 year term. This makes it easy to determine how much financing you can afford, as well as keep up with your monthly payments until the loan is paid off.
SBA TERM LOAN
- Funding up to $300.000
- Terms: 1 to 5 years
- Rates: 9.28% to 10.52%
- Time for approval: 7 to 14 days.
QUALIFICATIONS
- Must be in business for at least 2 years.
- Must have a minimum annual revenue of $50.000
- Must have a minimum credit score of 650
- No Bankruptcy in the past 3 years.
- No Tax Liens
- No Criminal Record
DOCUMENTS REQUIRED
- Application completely filled out by all owners
- Copy of Drivers License from all owners
- Last SIX months Business Bank Statements
- Business Tax Returns
- Personal Tax Returns
- P & L Statements
- Copy of Personal Credit Report ( All three bureaus )
- Voided Business Check from same account that Bank Statements are provided.
– Must have strong financials, supported by personal and business tax returns for the past 3 years.
– Stringent rules on use of proceeds.
– Requires business lien and personal guarantee.
A Business Term Loan Never Goes Out Of Style.
We all love a classic because it’s tried and true – we know it’ll work for us time and time again. It’s the same with a business term loan: it’s the stable, flexible way to get more working capital, grow your business, and build your credit. If you’re craving a simple small business financing solution, this is it.
A Simple Loan With Flexible Features.
No two businesses are alike. For example, your business is way different from that wacky startup your brother-in-law keeps trying to get you involved in. So business term loans are set up to meet almost any unique business need. You can leverage your loan for everything from capital improvements to financing new equipment to hiring more staff.
In other words, you can use your business term loan for, oh, just about any opportunity you want to capitalize on – even if that includes offering your services to your brother-in-law’s wacky startup. No judgment here.
Applying For Your Business Term Loan Is Easy.
All you need to do to see your business term loan options is spend about 15 minutes answering questions in our free online application. You’ll be asked to enter information about your credit score, time in business, and collateral. You may also need to upload your P&L statements or bank statements to show your revenue.
Once approved, you can access your funds in as little as 24 hours.
A Fixed Rate Keeps Your Payments Predictable.
Your business term loan will typically have a fixed interest rate or fixed flat fee, which means your payments will stay the same over the lifetime of your 1-5 year term. This makes it easy to determine how much financing you can afford, as well as keep up with your monthly payments until the loan is paid off.