What Small Business Loans Do You Qualify For?

Approvals are made within one day, with funds out there as soon as two business days later. To qualify, you should have been in business for at least a yr and have a private credit score over 500 and annual income of greater than $100,000. Repayment is made on a daily or weekly foundation, with funds routinely withdrawn from your business bank account. Credibly presents working capital and expansion loans of $5,000 to $250,000 to small and midsize companies. Working capital loans have repayment intervals of six to 17 months, whereas growth loans have 18- to 24-month phrases.

Loans are available up to $1 million, with phrases usually starting from six to 12 months. Businesses can apply for loans on-line, receiving a choice within 24 hours. Apple Capital Group Inc. is an asset-based lender that focuses on tools leasing and financing ranging from $25,000 to $500,000 for as much as … Read More