Checking your loan options does not affect your credit score.
Loan Options for Your Business
Drive significant progress for your business by acquiring affordable yet straightforward business financing. Fixed payments made periodically every month, with no prepayment penalties. Ideal for a substantial one-time expense.
Your business must be at least two years old with annual earnings of $75,000 and no recent bankruptcies or tax liens to qualify. You must be 18 years or older, a U.S. citizen, and own at least 20% of the business. Although a credit score is not required, lenders prefer at least one owner to have a credit score of 620 or higher. Additional conditions include having personal guarantees. If you wish to obtain more than $100,000 in financing, collateral is an expectation. You can still be approved even without a credit score above 620, as long as your business is financially healthy and has the right amount of sales. Initially, you make more payments and pay off your loan early.
Many types of loans to meet almost any need.
Whether you’re considering financing the necessary tools, equipment, or additional lines of credit for your organization, this can enable you to purchase needed supplies, expand services, or simply act quickly on a new opportunity that might disappear later.
Fuel for your business growth
Every business needs financial resources to grow and run a successful company. MoneyMor’s network of financial partners can help you obtain the necessary funds while also providing the ability to accept terms that fit your needs along with the lowest possible rates. We will connect you with lending partners that match your business’s financial needs. You will also be able to compare their prices and conditions. We recommend that you request more information about interest rates and loan terms, as well as ask about any fees lenders may charge, including penalties you might face for late payments. You should research before the closing process to ensure you are getting the most favorable terms.
Add fuel to the fire of growth with a business loan through MoneyMor.
Knowledge is power
Knowledge is powerBeing well-informed will also help you avoid surprises when it comes time to close the business loan.