Last Updated: 04/18/2025
Kiva Business Lines of Credit
Unaffiliated
in Business Lines of Credit from Kiva
Last Updated: 04/18/2025
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Highlights
APR (Fixed APR)
Starting at 0%(Verified 06/21/2024)
Disclaimer popup with additional information
Credit Score Range
300 - 850
Amount Range
$25 - $15,000
Kiva Business Lines of Credit Review
Kiva Business Lines of Credit is offered by Kiva, a marketplace lending platform founded in 2005 and based in San Francisco, CA. Kiva Business Lines of Credit are available in states.
Kiva Business Lines of Credit FAQ
What APRs does Kiva Business Lines of Credit offer?
Kiva Business Lines of Credit offers an APR that starts at 0% APR.
Does Kiva Business Lines of Credit charge an origination fee?
No, Kiva Business Lines of Credit does not charge an origination fee. An origination fee is what some lenders charge for processing, underwriting, and funding a business financing product. Typically fees range from 0.5% to 5% of the line of credit amount. Whenever possible, go with lenders that don’t charge origination fees.
Does Kiva Business Lines of Credit charge prepayment fees?
No, Kiva Business 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 Kiva Business Lines of Credit?
Line of credit amounts start at $25 and go up to $15,000.
What is the maximum term you can get with Kiva Business Lines of Credit?
Kiva Business Lines of Credit offers business lines of credit with terms ranging from 1 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 Kiva Business Lines of Credit?
When it comes to credit scores, Kiva Business Lines of Credit doesn't have a set minimum or maximum. People with all types of credit scores can apply. The minimum age to be eligible is 18 or the state minimum, whichever is higher.
Kiva Business Lines of Credit does not have or does not disclose a minimum annual income eligibility requirement.
An uncommon feature is for lenders to offer their services to non-residents. Kiva is one of the few that does.
To qualify, applicants may need to provide the following documentation:
- Proof of income
- Bank account information
- Proof of identity
What is the estimated funding time for the Kiva Business Lines of Credit?
Kiva Business Lines of Credit can fund business lines of credit within 1 business day of approval.
Does Kiva Business Lines of Credit report your account activity to credit bureaus?
Yes, Kiva Business Lines of Credit reports to the following credit bureaus:
- Equifax
- Experian
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 Kiva perform a hard credit pull?
Yes, Kiva Business 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.
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