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Unsecured

Peer-to-Peer

Term Loans

Eligibility

Annual Revenue:

  • $100,000+

Time in Business:

  • 1 year. Must be incorporated

Other:

  • Some industries are restricted (online lists provided by each lender)
  • Personal credit (e.g. 610+)

Typical Range

$5,000 to $250,000 Loans averaging around 35K

Features

Payment Schedule:

  • Monthly repayments;
  • Early repayment available.
  • Terms from 3 months to 5 years

Timeliness to Fund:

  • 2 days after approval you are eligible for funding. Funding process varies depending on lender interest in the business model. Listings removed from site after 30 days if not funded

Origination & Interaction Model:

  • Application submitted online – 30 minute application process

Other Features:

  • 100 day “refund period” where you can pay off the principal and waive fees paid