Our term loan program is a type of advance that comes with a fixed duration for repayment, a fixed amount as loan, a repayment schedule as well as a pre-determined interest rate. A borrower can opt for a fixed or floating rate of interest for repayment of the advance.
Required Documents to Pre-Qualify
- 2 prior years of Business Tax Returns
- Most recent year Personal Tax Return
- 6 months most recent company bank statements
- Signed and completed Credit Application
- 1+ year time-in-business
- $15,000+/month in revenue
- FICO above 600 (we can also approve
- loans for applicants with a less than 600)
- FICO on an exception basis; (a signed credit
- application will allow us to grant an exception if possible)
- Cash flow positive or at least break-even
Term Loans Facts
- Traditional Term Loan is fully amortized
- Terms from 1-4 years
- Fixed monthly payments for the length of the term
- Loans are available anywhere from 25k -350k
Three easy steps to start the process :
- Sign up for an iDentityIQ account for a 7 day trial for $1 click here (please provide log-in information below).
- Fill out the form below then submit (Response in 24 to 72 hours).
- Once we provide an evaluation, we’ll make a decision rather to proceed forward.
* All personal information will remain confidential and be discarded if client does not enter our program.