The following Term Loans are available through Biggs Funding Solutions marketplace banks for working capital, debt refinance, and new equipment purchase:
• $ 30,000 to $ 200,000 loan amounts
• 2 to 5-year repayment terms
• Fixed interest from 6.99% APR to 26.99% APR
Interest rate depends on loan term and the applicant’s credit and financial profile.
Eligibility
• Time in business must be above 2 years
• Business owner’s personal credit score must be above 650
• The business must be U.S. based and owned by U.S. citizen or Lawful Permanent Resident who is at least 21 years old
• No outstanding tax liens
• No bankruptcies or foreclosures in the past 3 years
• No recent charge-offs or settlements
• Current on government-related loans
Required documents
• Online application completed
• Complete Last 6 months of the business bank statements
• Business and personal tax returns last 2 years
• P&L and Balance Sheet for the year apply for loan
• Complete debt schedule