Who Qualifies For A Personal Loan: Credit and Income
You’ll want to have a credit score between 660 and 800 – with an ideal score of 700+ and $35000 or more in annual income.
Ideal Credit Score
700 or better
Time In Business
N/A
What A Personal Loan Is
Personal Loans are finances borrowed from traditional banks, alternative lenders, or credit unions with fixed terms and rates. Much like any other loan, you pay the money back in monthly intervals at a set interest rate. The majority of personal loans are unsecured– meaning there is no collateral involved. We also have options where the funds are structured as a revolving line of credit as well.
What Personal Loans Can Be Used For:
- Business Startup
- Business Acquisition
- Real Estate Investment
- Working Capital
- Credit Card Consolidation
- Home Improvement Projects
- Refinancing Existing Debt
- Improve Credit
- Major Purchases
Loan Amounts
$10,000 – $500,000
Loan Terms
3 – 7 Years with no prepayment penalty
Interest Rates
Starting At 5.99%
Time
7 to 10 days on average
How To Get Started
Capital Business Finance provides the funds you need at a reasonable rates and time frame for any purpose, we Possess a 98% approval rate.
Required Documents:
- Credit Report (we can conduct a soft pull)
- Pay Stubs / W-2s
- Personal Tax Return (if self-employed)
- Award Letters(if retired or on disability)
How Our Personal Loans Process Works
Not sure how the whole personal loan process works? Perhaps you’re still even wondering what a personal loan is and which types of personal loans we offer. Well, you’ll be happy to know that our friendly Personal Loan Experts are here to answer any questions you may have about the process, your loan, or anything you can think of! But we’ve made our process so simple and transparent that we don’t think you’ll be left with any questions to ask. Working with us is a reeze, and applying for one of our loans requires little effort on your part– because it’s all done online.
Our Simple Process
Explore your options
Getting your personal loan options is easy. Really easy. We'll ask you some basic questions that you probably know off the top of your head. Thats it!
To view yout rate, you'l need:
- Your Full Name
- Current Address
- ncome Information
- Social Security #
- Date of Bith
Select your plan
This is where you take the reins. We'll show you the loan options you qualify for. and you'll be able to choose the amount, term, and rate that best fit your needs.
We'll review your information
This where you'll complete your application by providing some additional information, including your bank account information, and allow us to securely validate all of the information provided. We attempt to validate everything real-time, but in some cases, we may need to request addional documentation (for example, driver's license, pay stubs, bank statements and/or tax forms) to support the information you filled out on your application.
Receive the money
Once you agree to the final terms (recapping everything you've already seen), we'll start the process to approve and fund your loan. In some cases, we can transfer your funds on the same business loans day. but based on the bank you use, and the process of getting money into your account, it could take a couple business days. Either way, you'll be hours away from getting the money you need