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  Fast Business Financial Lines of Credit

Fast Business Financial Lines of Credit

in Business Lines of Credit from Fast Business Financial, LLC

Unaffiliated

Fast Business Financial Lines of Credit

Unaffiliated

in Business Lines of Credit from Fast Business Financial, LLC

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Highlights
APR  (Variable APR) 7% - 25%
Credit Score Range 550 - 850
Loan Amount $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 is available in 50 states (and Washington, DC).

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 product 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.

What limitations does Fast Business Financial Lines of Credit set on the purpose of the line of credit?

Fast Business Financial Lines of Credit considers line of credit applications for business purposes, such as:

  • Business Debt Refinance
  • Emergency Repairs
  • Equipment Purchase
  • Hiring
  • Inventory
  • Lease Improvement
  • Marketing
  • New Location
  • Payroll
  • Product or Service Expansion
  • Technology Investment
  • Working capital

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.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members and their covered dependents are eligible to apply for a loan via Fast Business Financial Lines of Credit. Their rates fall within the limits of The Military Lending Act.

U.S. citizens are, of course, eligible for the services offered by Fast Business Financial Lines of Credit. Permanent resident / green card holders are also eligible to apply.

To qualify, applicants may need to provide the following documentation:

  • Proof of income
  • 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 your account activity to the following credit reporting agencies:

  • 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 improve your credit.

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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Contact

  • Headquarters
  •   6420 Wilshire Blvd #860
    Los Angeles, CA 90048
  •   Visit Site

Other Services by Fast Business Financial, LLC

Message From Fast Business Financial, LLC

Since 2014, Fast Business Financial has been committed to the success of its clients. We’ve made our process simple and as user-friendly as possible, so that nothing stands in the way of your business goals. Whether you see yourself buying more inventory, renovating a location, or something else, our seasoned professionals have the expertise to evaluate your needs and provide access to flexible funding options, fast.

Availability

  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

No Prepayment Fee  
Business Financing Requirements
  • Business License
  • Business Bank Account
Credit Score Range 550 - 850
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Military Status
  • Active Duty Military
  • Non-Military
  • Veterans
  • Military Dependent
Minimum Months in Business 6
Minimum Revenue $50,000
Verification Documents Required
  • Proof of Income
  • Business Formation Documents
  • Government Issued Photo ID
  • Recent Bank Statements
  • Social Security Number
  • Business Tax Return
  • Employer Identification Number
Collateral Requirement
  • Secured
  • Unsecured
Intended Use of Funds
  • Equipment Purchase
  • Lease Improvements
  • New Location
  • Product or Service Expansion
  • Working Capital
  • Business Debt Refinance
  • Inventory
  • Payroll
  • Hiring
  • Technology Investment
  • Other (All)
  • Marketing
  • Emergency Repairs
Approval Speed 24 hours
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Payment Frequency Monthly
Payment Options
  • Automatic Payments
  • Bank Transfer
APR (Variable APR) 7% - 25%
Loan Amount $10,000 - $1,000,000
Loan Term 6 - 60 months

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