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Unsecured

Online Lending Platform

Term Loans

Eligibility

Annual Revenue:

  • Annual revenue / average monthly revenue (e.g. at minimum $100,000 in the past 12 months

Time in Business:

  • Time in business (e.g. at least 6 months)

Other:

  • Have active commercial lease (e.g. physical office / store)
  • Personal credit (e.g. 610+)
  • No open bankruptcies
  • Some industries are restricted (online lists provided by each lender)

Typical Range

$5,000 – $300,000

Features

Payment Schedule:

  • Repayment options can be monthly or immediate partial repayment upon loan approval. I.e. repayment of 15$ immediately after 100$ loan is approved

Timeliness to Fund:

  • Online loans are characterized by their fast approval 2 – 24 hours but higher loan amounts require longer review periods but are typically less than 3 – 4 business days

Origination & Interaction Model:

  • Online origination and interactions. 24/7 online support