Business Loan
What is a Business Loan?
A business loan provides a lump sum of capital that you repay over a set term with interest. Business loans are versatile and can be used for virtually any business purpose, from hiring new staff and purchasing inventory to investing in equipment or expanding your operations. With a range of amounts and terms available, business loans are suitable for startups looking to get off the ground as well as established companies looking to scale.
Loan Details
Max. Loan Amount
$5K – $500K+
Loan Term
1 – 10 years
Interest Rates
8% – 15%
Speed of Funding
48 – 72 hours
Loan Requirements
Annual Revenue
$100K+
Credit Score
600+
Time in Business
1+ year
Pros
- Build business credit history
- Protect personal wealth
- Fund revenue-generating activities
Cons
- Requirements can be hard for new business owners
- Restricts cash flow during repayment
- Collateral liability in some cases
How To Apply for a Business Loan
With our simple online application, the process is quick and easy.
Prequalify Online
Complete our straightforward online application to check your eligibility.
Online Approval
A Fundingverse consultant reviews your application and presents your best options.
Receive Secure Funding
Once approved, funds are deposited directly into your business bank account.