Funding amounts up to $4MM and rates as low as 9.99%
Short Term Loans
3 - 12 Month Terms
Finance projects that have an immediate return on investment, such as:
Updating or remodeling locations
Inventiory deals with a quick turnaround
Short Term Rates
As low as 9% Simple Interest
What is Simple Interest?
Simple Interest calculates the total amount of interest you pay as a percentage of your loan amount. This rate excludes any fees.
For shorter terms (12 months or less), Simple Interest lets you easily see the total payback amount of your loan.
Total Interest Percentage is also referred to as Fixed Simple Interest, and is not an annualized rate.
On a 6 month, $10,000 loan with 9% Simple Interest and weekly payments, your interest cost is $900, for a total payback amount of $10,900.
Long Term Loans
12 - 48 Month Terms
Finance projects that pay back longer term, such as:
Expansion or new locations
Large scale inventory purchases
New product development
Long Term Rates
As low as 9.99% Annual Interest Rate
What is Annual Interest Rate?
Annual Interest Rate calculates the yearly interest percentage you pay based on your average loan balance. This rate excludes any fees.
While you should always consider the total cost of a loan, for longer terms (more than 12 months) you can use the Annual Interest Rate to compare loans of similar duration.
On a 24 month, $100,000 loan with 9.99% Annual Interest Rate and weekly payments, your interest cost is $10,418.15, for a total loan payback amount of $110,418.15.