Bankers Healthcare Group Business Loans Review

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

What are Bankers Healthcare Group Business Loans’s rates?

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

Does Bankers Healthcare Group Business Loans charge an origination fee?

Yes, Bankers Healthcare Group Business Loans charges a loan origination fee of 3% of the loan amount up to 2995. Bankers Healthcare Group Business Loans deducts the fee directly from your 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 Business Loans set on the purpose of the loan?

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

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

What types of business loans does Bankers Healthcare Group Business Loans offer?

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

• Unsecured term loans
• Secured Term Loans

Does Bankers Healthcare Group Business Loans charge prepayment fees?

Yes, Bankers Healthcare Group Business Loans charges additional fees to borrowers who pay off their 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 loan early.

How much can you borrow from Bankers Healthcare Group Business Loans?

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

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

Bankers Healthcare Group Business Loans offers 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 Business Loans?

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