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However, borrowers shouldn’t be charged application charges, and any fees levied previous to loan approval are a purple flag. Biz2Credit can connect business homeowners with working capital loans between $25,000 and $2 million and time period loans between $25,000 to $500,000. Biz2Credit also presents CRE loans between $250,000 and $6 million with phrases between 12 and 36 months; payments are due month-to-month. TD Bank presents business loans between $10,000 and $1 million with phrases ranging from one to five years. If you’d somewhat have access to a line of credit, it provides credit strains between $25,000 and $500,000.
Its traces of credit include longer compensation terms than many different online lenders . And while its month-to-month charges aren’t low-cost, they’re inexpensive than credit traces from some alternative lenders. To qualify for a Lendio loan, you’ll have to have been in business for six months and have at least a 500 credit score score.