Flexible Financing Options for Small Businesses

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on Lendistry's website

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Lendistry Traditional Term Loan

Loan Amounts from $25,000 - $5,000,000

Terms up to 5 years

Intreast Rate WSJP + 2-6% (Variable)

Minimum FICO1 6402

Minumum Time in Business - Greater than 2 years

View Rates and terms at Lendistry

Benefits and Overview

The traditional term loan provides financing for a variety of small business needs ranging from increasing working capital to refinancing debt and is designed with each unique business in mind.

  • Expand a small business
  • Increase working capital
  • Business acquisition
  • Purchase equipment or inventory

Qualifications

Certain Qualifications3 Documentation 3 years tax returns (business and personal); 3 months bank statements/banking verification; PFS (guaranty docs if applicable)


1All Guarantors, exceptions are granted on a case-by-case basis. | 2Traditional term loans may be eligible for expedited processing with a minimum FICO of 700. | 3Projections must support a Global Debt Service Coverage Ratio (GDSCR)>1. | 4Additional guarantees are expected. Can’t lend in the following states: SD, ND, NV and VT. Credit is subject to approval. Rates and programs are subject to change; certain restrictions apply. Terms and conditions subject to commitment letter.
 
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on Lendistry's website


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