Friday, July 17, 2009

USA Small Business Loans

Loan Product Information
Loan amounts from $500 - $50,000
Loan terms up to 60 months
Installment and balloon types offered
Money in your hands(or loans disbursed)in10 business days upon receipt of your completed application and all supporting documents
Loan purpose range from inventory and equipment purchase to business marketing, payment of licensing fees, and other expenses associated with building a business
Interest Rates and Fees
Competitive fixed annual interest rates from 8% -15%
Closing costs of 3%-5% will be financed into the loan amount (includes application and servicing fees)
Basic Qualifications
Must be 18 years of age or older
Must be the business owner or co-owner
Loan must be for business purposes only
No recent bankruptcies (in the past 12 months)
You must be up to date on all rent and mortgage payments (no late payments in the past 12 months), as well as on all bills. Applicants with a mortgage that adjusts during the life of the loan will not be considered.
You must be able to prove a stable source of income
You must have no more than $3,000 in past due debt; generally acquired under extraordinary circumstances (Such as layoff or illness)

No comments:

Post a Comment