How Does the Application Process for Small Business Term Loans Work?
The application process for a business loan depends on the type of lender you’re requesting money from. If you’re applying for a loan from an online lender, you might just need to fill out a short application and send them a few supporting documents. You should hear back in a few days or a week at most.
At Lighthouse Business Capital, the Application Process is fast and seamless.
- A signed application by all owners
- 4 months of business bank statements
- A debt schedule of the business liabilities
Talk to a Lighthouse Loan Representative today: (855) 322-3807
Get in Contact with our Trained Specialist.
Product Guidelines
1Interest Rates:
As low as Prime Rate +2
2Loan Terms:
3 – 15 Months for short-term loans
3Loan Amounts:
Up to $3,000,000 unsecured
4Usual Deposit Time:
You can get a decision in 24 hours to 48 hours
5Origination Fee:
0% – 3%
6Minimum Credit Score:
600