Personal Loans for consumers & select brokers that follow our playbook
A personal loan is kept completely separate from any business loans you may have and is usually reported to the credit bureaus monthly. $35,000 to $550,000
You can use personal loan proceeds for anything you wish and can be a good option for consolidating high-interest credit cards and existing loans or a financing larger purchase such as a equipment or real estate.
Unlike most our our business loan products, a personal loan is based mainly on the borrower's income and personal credit score, rather than their business revenue.
Personal loans are a great alternative for those clients with Top Tier credit.
A 680+ credit score with Experian is required as well as an acceptable debt ratio, 6 or less hard inquiries in the past 6 months on your credit report.
These loans have a fixed interest rate between 9.75%-18% at this time, monthly payments and a term up to 7 years.*This is limited capital only and is reserved for clients that follow our playbook. Two years of personal tax returns are required.
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