You’ll typically have a decision in about a week. The time between starting your application and receiving a decision on that application can vary based on a number of factors. These can include, for example, the type of financing you’re seeking, whether or not we require additional information and the time it takes for you to provide us with that information.
We understand that you need you money as soon as possible. Our team will work closely with you to make sure your financing is in hand at the earliest possible date. Factors such as type of loan, type of collateral and the speed of documentation back and forth can affect the overall timeline.
It depends. Unfortunately, most of our traditional and private bank partners require that your business be under current ownership for at least 2 years. If you have not been in business for 2 years lending is possible, but may require collateralize real property or equipment. Call us at 800-783-7550 (Mon-Fri 8 a.m. – 6 p.m. CST)
Our unsecured line of credit includes amounts $10,000 – $100,000. There is no interest until you use the funds and no collateral required.
Your interest rate may differ based on your credit worthiness, overall business profitability, and line amount.
Flexible Term Loans require that your business be under current ownership for at least 2 years and minimum annual revenue of $100,000.
Commercial real estate loan lets you purchase or refinance an owner-occupied business property or expand or remodel an existing facility. If you own property free and clear, you can also use a commercial real estate loan to leverage your equity to finance a variety of business needs.
Equipment loans or leases let you borrow so you can purchase industrial and general-purpose equipment, specialized machinery and commercial-purpose vehicles generally larger than 2.5 tons. Our business lending advisors can assist you by phone or in person. Call us at 800-783-7550 (Mon-Fri 8 a.m. – 6 p.m. CST)
