Last Updated: 04/18/2025
Fast Business Financial Lines of Credit
Unaffiliated
Last Updated: 04/18/2025
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Highlights
APR (Variable APR)
7% - 25%(Verified 06/21/2024)
Disclaimer popup with additional information
Credit Score Range
550 - 850
Amount Range
$10,000 - $1,000,000
Fast Business Financial Lines of Credit Review
Fast Business Financial Lines of Credit is offered by Fast Business Financial, LLC, a direct lender founded in 2014 and based in Los Angeles, CA. Fast Business Financial Lines of Credit are available in states.
Fast Business Financial Lines of Credit FAQ
What APRs does Fast Business Financial Lines of Credit offer?
Fast Business Financial Lines of Credit offers a variable APR that ranges from 7% APR up to 25% APR.
Does Fast Business Financial Lines of Credit charge an origination fee?
Yes, Fast Business Financial Lines of Credit charges an origination fee.
Does Fast Business Financial Lines of Credit charge prepayment fees?
No, Fast Business Financial Lines of Credit does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the line of credit balance off early.
How much can you borrow from Fast Business Financial Lines of Credit?
Line of credit amounts start at $10,000 and go up to $1,000,000.
What is the maximum term you can get with Fast Business Financial Lines of Credit?
Fast Business Financial Lines of Credit offers business lines of credit with terms ranging from 6 to 60 months. Having the option of longer terms allows borrowers to take on larger line of credit amounts while keeping monthly payments more affordable. However, the longer the term of the amounts you borrow, the more interest you will pay.
What do you need to qualify for Fast Business Financial Lines of Credit?
Applicants with a credit score of at least 550 and up to 850 may be eligible for Fast Business Financial Lines of Credit. Fast Business Financial Lines of Credit does not have or does not disclose a minimum annual income eligibility requirement.
U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by Fast Business Financial Lines of Credit.
To qualify, applicants may need to provide the following documentation:
- Proof of income
- Bank account information
- Business formation documents
- Government issued photo ID
What are the business financing requirements for Fast Business Financial Lines of Credit?
To apply for Fast Business Financial Lines of Credit, the applicant needs to provide the following documentation:
- Business license
- Business bank account
Does Fast Business Financial Lines of Credit report your account activity to credit bureaus?
Yes, Fast Business Financial Lines of Credit reports to the following credit bureaus:
- Equifax
- Experian
- TransUnion
Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help build your credit.
Does Fast Business Financial, LLC perform a hard credit pull?
Yes, Fast Business Financial Lines of Credit performs a hard credit pull when you apply for a loan. Additionally, it doesn't provide the option to check your rates using a soft credit pull, a feature that many lenders offer.
Click here to get prequalified rates from multiple leading lenders without a hard credit pull. However, if you accept a loan offer, a hard credit pull will likely be performed.
What types of business lines of credit does Fast Business Financial, LLC offer?
Fast Business Financial, LLC offers both secured and unsecured lines of credit. Secured lines of credit are typically secured by a blanket lien on your assets or a certificate of deposit.
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