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  One Park Financial Business Lines of Credit

One Park Financial Business Lines of Credit

in Business Lines of Credit from One Park Financial LLC

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One Park Financial Business Lines of Credit

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in Business Lines of Credit from One Park Financial LLC

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Highlights
APR  (Fixed APR) N/A
Credit Score Range 500 - 850
Loan Amount $5,000 - $500,000

One Park Financial Business Lines of Credit Review

One Park Financial Business Lines of Credit is offered by One Park Financial LLC, a direct lender founded in 2010 and based in Coconut Grove, FL. One Park Financial Business Lines of Credit is available in 49 states (and Washington, DC).

One Park Financial Business Lines of Credit FAQ

What APRs does One Park Financial Business Lines of Credit offer?

One Park Financial Business Lines of Credit offers a fixed APR product, but they do not disclose their rates.

Does One Park Financial Business Lines of Credit charge an origination fee?

No, One Park Financial 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.

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

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

  • Equipment Purchase
  • Hiring
  • Inventory
  • Marketing
  • New Location
  • Payroll
  • Product or Service Expansion
  • Technology Investment
  • Working capital

Does One Park Financial Business Lines of Credit charge a late fee?

No, One Park Financial Business Lines of Credit will not charge you a late fee.

Does One Park Financial Business Lines of Credit charge prepayment fees?

No, One Park Financial 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 One Park Financial Business Lines of Credit?

Line of credit amounts start at $5,000 and go up to $500,000.

What is the maximum term you can get with One Park Financial Business Lines of Credit?

One Park Financial Business Lines of Credit offers business lines of credit with terms ranging from 3 to 12 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 One Park Financial Business Lines of Credit?

Applicants with a credit score of at least 500 and up to 850 may be eligible for One Park Financial Business Lines of Credit. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

One Park Financial 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. APRs for the One Park Financial Business Lines of Credit product fall outside of the MLA limits, and as a result, the product cannot be issued to these applicants. Active duty service members and their covered dependents are considered “covered borrowers" under the Military Lending Act.

U.S. citizens are, of course, eligible for the services offered by One Park Financial 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
  • Driver's license
  • Government issued photo ID
  • U.S. tax identification number

What is the estimated funding time for the One Park Financial Business Lines of Credit?

One Park Financial Business Lines of Credit can approve (or deny) a line of credit application within 24 hours and fund business lines of credit within 3 business days of approval.

What are the business financing requirements for One Park Financial Business Lines of Credit?

To apply for One Park Financial Business Lines of Credit, the applicant needs to provide the following documentation:

  • Business license
  • Business bank account

Does One Park Financial Business Lines of Credit report your account activity to credit bureaus?

Yes, One Park Financial 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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Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

  • Headquarters
  •   3390 Mary St Suite 216
    Coconut Grove, FL 33133
  •   Visit Site

Hours of Operation

  • Sunday Closed
  • Monday 9:00am - 6:00pm
  • Tuesday 9:00am - 6:00pm
  • Wednesday 9:00am - 6:00pm
  • Thursday 9:00am - 6:00pm
  • Friday 9:00am - 6:00pm
  • Saturday Closed

Other Services by One Park Financial LLC

Message From One Park Financial LLC

One Park Financial helps small to mid-size businesses access working capital quickly and efficiently. We level the playing field when it comes to business funding. One Park Financials’ funding team works with customers to understand their needs and pair them with the right funders. And, thanks to the strong relationships One Park Financial has built over the years with funders across the country, business owners can expect to receive quality offers with great rates and terms.

Availability

  Available in 49 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • 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

Late Fee Amount $0
No Origination Fee
No Prepayment Fee
Business Financing Requirements
  • Business License
  • Business Bank Account
Credit Score Range 500 - 850
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Military Status
  • Non-Military
  • Veterans
  • Military Dependent
Minimum Age 18
Minimum Months in Business 3
Minimum Revenue $60,000
Verification Documents Required
  • Proof of Income
  • Business Formation Documents
  • Government Issued Photo ID
  • U.S. Tax Identification Number
  • Recent Bank Statements
  • Social Security Number
  • Driver License (or other photo ID)
  • Business Tax Return
  • Employer Identification Number
Approval Speed 24 hours
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Funding Time Range Starting at 3 days
Payment Frequency Monthly
Payment Options
  • Automatic Payments
  • Bank Transfer
Loan Amount $5,000 - $500,000
Loan Term 3 - 12 months

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