With competitive interest rates, low fees and flexible repayment options, our business loans make it easy to get your business plans underway. While Nav always strives to present the most accurate information, we show a summary to help you choose a product, not the full legal terms - and before applying you should understand the full terms of products as stated by the issuer itself. Lending Club , the nation's largest peer-to-peer lender, began making small business loans — a separate program from their main product, unsecured personal loans — in March 2014. EMI or 'Equated Monthly Installment' is the convenient monthly amount that you have to service to pay back the loan availed. Click to see how Opportunity Fund supplied Zyclefix with a $45,000 loan to expand their distribution worldwide.
Lendza: Lendza connects businesses with funding partners for a variety of loan options, including accounts receivable financing, acquisition funding, lines of credit, real estate financing, equipment financing, franchise loans, merchant cash advances, SBA loans and traditional term business funding. First impressions count - when you meet your loan officer for the first time to present your business plan, there are a few things you can do to make that meeting run smoothly. You must have been in business for at least 1 year with at least $100,000 in annual revenue.
David Allen Capital: David Allen Capital offers business term loans of between $10,000 and $500,000. Get access to funds for your business when you need it. A line of credit can help you plan during the busy season, purchase inventory, or provide liquidity when you need it most. Even one late payment on your smaller loan could make your chances of qualifying for future funding even worse than if you'd never applied for the small loan at all. In addition, take steps aimed at improving your credit worthiness to increase the chances of getting a loan. Fees are lower and terms can be longer than those of non-SBA loans, but the main draw is the looser requirements. What it is: Making extra repayments on top of your regular scheduled repayment is a great way to pack back your loan faster, with the bonus that you pay less interest over the life of your loan. You need certain machinery, IT equipment or other tools to make your product or perform your service, and you need a loan to finance that equipment.
If you apply for a $5,000 loan and there's a $250 closing fee, you'll only see $4,750 in your account but will pay interest on the original $5,000. Unlike banks that send you home with a stack of complicated paperwork to read-over and complete, we work through our condensed process along with you to ensure that you have a full understanding of our loan procedures. Any property used as security, which may include your home, may be repossessed if you do not keep up repayments on your loan. Whether you want a quick cash injection or a longer-term loan to help your business grow, our small business loan could give you what you need. In some instances, the loan may be extended to help the business meet more basic operational needs, such as funding for payroll or to purchase smaller supplies that are used in the production and manufacturing process.