Funding Circle
up to $5 Million available
Funding Circle is an online small business loans provider. Their pre-qualification process is quick and will not impact your personal credit score.
Business Credit Reporting - Funding Circle reports to Experian Commercial and Dun & Bradstreet.
- Business Term Loan - $5k - $500,000 (3-10 year terms)
- Business Line of Credit - $6k - $100k (rates as low as 10.99 APR)
- SBA 7 (a) Loan - $25k - $500k (up to 10 year terms)
Requirements
- U.S. for profit based business
- 2 year's time in business
- $5k+ in monthly revenue
- Business bank account
- 660+ personal credit score
CLICK HERE to apply
*funding not available in Nevada
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Remember - Bank & Lender Relationships
At level 3 you should already have 10+ tradelines reporting from Level 1 and Level 2 combined. At level 3 it's key to establish multiple bank and lender relationships by maximizing your funding potential.
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Tip - Leverage Newly Established Lending Relationships
When you get a business line of credit it’s important to use that account on a periodic basis. Wait at least 6 months before requesting a credit limit increase or applying for a new funding product offered by a lender you have an existing business credit line with.
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Tip - Payment Activity
Always pay your bill on or ahead of the due date. Paying better than terms is ideal since this can improve your credit rating even more. Plus, a lender will always review your existing account history when you apply for more business credit or business loan with them.