Last Updated: 04/18/2025
Sprout Financial Unsecured Lines of Credit
Unaffiliated
Last Updated: 04/18/2025
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Highlights
APR (Fixed APR)
0% - 99%(Verified 06/21/2024)
Disclaimer popup with additional information
Credit Score Range
300 - 850
Amount Range
Starting at $50,000
Sprout Financial Unsecured Lines of Credit Review
Sprout Financial Unsecured Lines of Credit is offered by Sprout Financial, a financial services company founded in 2014 and based in Phoenix, AZ. Sprout Financial Unsecured Lines of Credit are available in states.
Sprout Financial Unsecured Lines of Credit FAQ
What APRs does Sprout Financial Unsecured Lines of Credit offer?
Sprout Financial Unsecured Lines of Credit offers an APR that ranges from 0% APR up to 99% APR.
Does Sprout Financial Unsecured Lines of Credit charge an origination fee?
Yes, Sprout Financial Unsecured Lines of Credit charges an origination fee.
Does Sprout Financial Unsecured Lines of Credit charge prepayment fees?
No, Sprout Financial Unsecured 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 Sprout Financial Unsecured Lines of Credit?
Line of credit amounts start at $50,000 .
What do you need to qualify for Sprout Financial Unsecured Lines of Credit?
When it comes to credit scores, Sprout Financial Unsecured 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.
Sprout Financial Unsecured Lines of Credit does not have or does not disclose a minimum annual income eligibility requirement.
U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by Sprout Financial Unsecured Lines of Credit.
To qualify, applicants may need to provide the following documentation:
- Proof of income
- Bank account information
- Business formation documents
- Driver's license or other government photo ID
- Proof of identity
What is the estimated funding time for the Sprout Financial Unsecured Lines of Credit?
Sprout Financial Unsecured Lines of Credit can fund business lines of credit within 14 business days of approval.
What are the business financing requirements for Sprout Financial Unsecured Lines of Credit?
To apply for Sprout Financial Unsecured Lines of Credit, the applicant needs to provide the following documentation:
- Business license
- Business bank account
Does Sprout Financial Unsecured Lines of Credit report your account activity to credit bureaus?
Yes, Sprout Financial Unsecured Lines of Credit reports to the following credit bureaus:
- 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 build your credit.
Does Sprout Financial perform a hard credit pull?
Yes, Sprout Financial Unsecured 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.
What types of business lines of credit does Sprout Financial offer?
Sprout Financial only offers unsecured lines of credit.
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