Loot

Business Capital up to $100,000

Loot is a direct lender offering fast approvals with no credit checks. With high approval rates, same day funds, and the ability to earn rewards; this lender is a popular solution for all business types. All you need to do is create an account free and connect your business account to Plaid to receive an offer.

Requirements:

  • 6+ months in business
  • Minimum monthly revenues of $2k
  • Minimum 4+ deposits per month

Business Credit:

  • Does not report to personal or business credit reports

CLICK HERE to apply

Special Bonus - as a BCIC member, Loot is waiving its $300 underwriting fee to all applicants who apply.

  • 1

    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.

  • 2

    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.

  • 3

    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.