Bankers Healthcare Group Business Loans Review

Bankers Healthcare Group is a business financing offering by Bankers Healthcare Group Inc., based in Davie, FL. Founded in 2001, Bankers Healthcare Group Inc. offers access to small business loans in 50 states (and Washington, DC).

What are Bankers Healthcare Group’s rates?

Bankers Healthcare Group offers a fixed APR business financing product that ranges from 8.75% APR up to 18.99% APR.

Does Bankers Healthcare Group charge an origination fee?

Yes, Bankers Healthcare Group charges a loan origination fee of 3% of the business loan amount up to 2995. Bankers Healthcare Group deducts the fee directly from your business loan amount before disbursing loan proceeds, so make sure you take this fee into account when deciding how much you need to borrow.

What limitations does Bankers Healthcare Group set on the purpose of the business loan?

Bankers Healthcare Group considers business loan applications for business purposes, such as:

• Business Debt Refinance
• Equipment Purchase
• Lease Improvement
• New Location
• Working capital

What types of small business loans does Bankers Healthcare Group offer?

Not all small business loans are made equal. The type of business loan you choose will determine the range of interest rates and terms you receive. Bankers Healthcare Group provides access to the following business loan types:

• Unsecured Term Business Loans
• Secured Term Business Loans

Does Bankers Healthcare Group charge prepayment fees?

Yes, Bankers Healthcare Group charges additional fees to borrowers who pay off their small business loans sooner than anticipated. Take this into consideration when choosing a lender because prepayment penalties can reduce or even cancel the interest savings of repaying a business loan early.

How much can you borrow from Bankers Healthcare Group?

Business loan amounts start at $20,000 and go up to $500,000.

What is the maximum business loan term you can get with Bankers Healthcare Group?

Bankers Healthcare Group offers small business loans with terms ranging from 36 to 96 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.

What do you need to qualify for Bankers Healthcare Group Business Loans?

Bankers Healthcare Group Business Loans does not require borrowers to have been in business for a minimum number of years. Businesses must have a minimum annual revenue of $75,000 to be considered.

Bankers Healthcare Group Business Loans does not require or does not disclose a credit score minimum.

U.S. citizens are, of course, eligible for the services offered by Bankers Healthcare Group Business Loans. Permanent resident / green card holders are also eligible to apply.

To qualify, applicants may need to provide the following documentation:

• Driver's license

What is the estimated funding time for a business loan via Bankers Healthcare Group?

Bankers Healthcare Group can approve (or deny) a business loan application within 48 hours and fund small business loans within 1 business day of approval.