Mulligan Funding Business Lines of Credit

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 are 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 and permanent resident / green card holders are eligible to apply for the services offered by Mulligan Funding Business Lines of Credit.

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.