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  Mulligan Funding Business Lines of Credit

Mulligan Funding Business Lines of Credit

in Business Lines of Credit from Mulligan Funding

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Mulligan Funding Business Lines of Credit

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in Business Lines of Credit from Mulligan Funding

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Highlights
APR  (Fixed APR) 0% - 99%
Credit Score Range 630 - 850
Loan Amount Up to $1,000,000

Mulligan Funding Business Lines of Credit Review

Mulligan Funding Business Lines of Credit is offered by Mulligan Funding, a direct lender founded in 2008 and based in San Diego, CA. Mulligan Funding Business Lines of Credit is available in 50 states (and Washington, DC).

Mulligan Funding Business Lines of Credit FAQ

What APRs does Mulligan Funding Business Lines of Credit offer?

Mulligan Funding Business Lines of Credit offers a fixed APR product that ranges from 0% APR up to 99% APR.

Does Mulligan Funding Business Lines of Credit charge an origination fee?

Yes, Mulligan Funding Business Lines of Credit charges an origination fee.

What limitations does Mulligan Funding Business Lines of Credit set on the purpose of the line of credit?

Mulligan Funding Business Lines of Credit considers line of credit applications for business purposes, such as:

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

Does Mulligan Funding Business Lines of Credit charge prepayment fees?

No, Mulligan Funding 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.

What is the maximum term you can get with Mulligan Funding Business Lines of Credit?

Mulligan Funding Business Lines of Credit offers business lines of credit with terms ranging from 6 to 36 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 Mulligan Funding Business Lines of Credit?

Applicants with a credit score of at least 630 and up to 850 may be eligible for Mulligan Funding Business Lines of Credit. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

Mulligan Funding Business 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 Mulligan Funding Business 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 Mulligan Funding Business 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
  • Recent bank statements
  • Business formation documents
  • Proof of insurance
  • Proof of identity

What is the estimated funding time for the Mulligan Funding Business Lines of Credit?

Mulligan Funding Business Lines of Credit can approve (or deny) a line of credit application within 24 hours and fund business lines of credit within 2 business days of approval.

What are the business financing requirements for Mulligan Funding Business Lines of Credit?

To apply for Mulligan Funding Business Lines of Credit, the applicant needs to provide the following documentation:

  • Business license
  • Business bank account

Does Mulligan Funding Business Lines of Credit report your account activity to credit bureaus?

Yes, Mulligan Funding Business 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.

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Message From Mulligan Funding Business Lines of Credit

Choosing a business line of credit (LOC), also known as a revolving line of credit, lets you draw from an approved amount of funds whenever you need it. One of the biggest benefits of a LOC is that you only incur a fee on the funds you use, not the total amount that you’re approved for. For example, if you’re approved for a $100,000 line of credit, you can draw $20,000 to increase inventory this month. Then, draw $10,000 for equipment upgrades next month. You’re not limited in how you access or use the proceeds from this funding option. Another benefit of a business LOC is that your limit is replenished after repayment of the funds you used. A LOC is an exceptional option for a business owner looking for a flexible funding option for anything that comes up. When it comes to top business funding options, a business line of credit gives you the freedom to manage funding as needed. A LOC also provides a layer of security to help you react to business circumstances as they arise. Finding the best financing option for a business can be the difference between success and failure. At Mulligan Funding we believe that a lending partner should provide fast and friendly service as well as support from a dedicated team of advisors every step of the way through the funding process.

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Other Services by Mulligan Funding

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 630 - 850
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Military Status
  • Active Duty Military
  • Non-Military
  • Veterans
  • Military Dependent
Minimum Age 18
Minimum Months in Business 24
Minimum Revenue $350,000
Verification Documents Required
  • Proof of Income
  • Proof of Identity
  • Proof of Insurance
  • Business Formation Documents
  • Recent Bank Statements
  • Social Security Number
  • Business Tax Return
  • Employer Identification Number
Approval Speed 24 hours
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Funding Time Range Starting at 2 days
Payment Frequency Monthly
Payment Options
  • Automatic Payments
  • Bank Transfer
APR (Fixed APR) 0% - 99%
Loan Amount Up to $1,000,000
Loan Term 6 - 36 months

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