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09-20-2021, 01:14 PM #4
- Join Date
- Feb 2020
- Location
- Anaheim, CA
- Posts
- 85
LoanMe offers a Small Business Term Loan in Maryland, up to ten year term (though with no early repayment penalties or fees, loan should typically be paid back in two years or less for optimal cost of financing.) Pre-qualification determined by Experian Consumer FICO pull + our internal scoring model.
Minimum requirements: For-profit business, 90 days TIB, business checking account w/90 days active funding & seasoning, $3500+/month average inflow, 25%+ ownership.
Working Capital term loan product starts at 39% simple interest per annum over a 10 year term, $100K max potential loan size. If seeking Consolidation for positions taken on outside of the past 90 days, $200K max potential loan size.
We also offer a top tier term loan product starting at 14.9% per annum simple interest if merchant is a home owner + meets additional minimum requirements of $75K+/month average inflow + $15,000 available balance in business checking on date of application.
If you aren't signed up with us, please reach out via the below.
Thanks!Joel S Galasso
Senior National Accounts Manager
Small Business Loans
Main: 949-535-7798 | business.loans@loanme.com
1900 S. State College Blvd. Suite 300 Anaheim, CA 92806
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