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Bitbond Business Loans

in Business Loans from Bitbond

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Bitbond Business Loans

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in Business Loans from Bitbond

SuperMoney Net Recommendation Score +24%

SUPERMONEY NET RECOMMENDATION SCORE

+24%

Recommendation score measures the loyalty between a provider and a consumer. It's at 100% if everybody recommends the provider, and at -100% when no one recommends.

Mostly recommended

13 users recommend
0 users are unsure
8 users don't recommend
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Highlights
Community Rating Mostly recommended
Loan Amount Up to $25,000
APR  (Fixed APR) 7.7% - 25%
Loan Term (Months) 1 - 36 months
Number of Reviews 21

Bitbond Business Loans Review

Bitbond Business Loans is a business financing offering by Bitbond, based in Berlin, Germany, . Founded in 2015, Bitbond offers access to business loans in 50 states (and Washington, DC).

Bitbond Business Loans FAQ

What are Bitbond Business Loans’s rates?

Bitbond Business Loans offers a fixed APR business financing product that ranges from 7.7% APR up to 25% APR.

Does Bitbond Business Loans charge an origination fee?

Yes, Bitbond Business Loans charges a loan origination fee starting at 0.5% of the loan amount. Bitbond 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 Bitbond Business Loans set on the purpose of the loan?

Bitbond Business Loans considers loan applications for business purposes, such as:

  • Equipment Purchase
  • Hiring
  • Inventory
  • Lease Improvement
  • New Location
  • Product or Service Expansion
  • Working capital

What types of business loans does Bitbond 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. Bitbond Business Loans provides access to the following business loan types:

  • Unsecured term loans

Does Bitbond Business Loans charge prepayment fees?

Yes, Bitbond 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.

What is the maximum loan term you can get with Bitbond Business Loans?

Bitbond Business Loans offers business loans with terms ranging from 1 to 36 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 Bitbond Business Loans?

Bitbond Business Loans does not require borrowers to have been in business for a minimum number of years. Businesses don't have to meet a minimum annual revenue to be considered.

Applicants with a credit score of at least 560 and up to 850 may be eligible for Bitbond Business Loans.

U.S. citizens are, of course, eligible for the services offered by Bitbond Business Loans. Permanent resident / green card holders are also eligible to apply. An uncommon feature is for lenders to offer their services to non-residents. Bitbond is one of the few that does. If you are a non-resident looking to access these services through an entity incorporated in the U.S., you are in luck. Bitbond Business Loans will consider you for their services.

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

  • Proof of income
  • Proof of identity

What is the estimated funding time for a business loan via Bitbond Business Loans?

Bitbond Business Loans can approve (or deny) a loan application within 24 hours and fund business loans within 1 business day of approval.

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
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
  •   Sredzkistraße 67
    Berlin, Germany, USA
  •   Visit Site

Other Services by Bitbond

Availability

  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • 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

Origination Fee (%) Starting at 0.5%
Credit Score Range 560 - 850
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
  • Non-Resident
  • Non-Residents Through Entities Incorporated in the U.S.
Verification Documents Required
  • Proof of Income
  • Proof of Identity
Loan Amount Up to $25,000
APR (Fixed APR) 7.7% - 25%
Loan Term 1 - 36 months

Bitbond Business Loans Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

+24%

Recommendation score measures the loyalty between a provider and a consumer. It's at 100% if everybody recommends the provider, and at -100% when no one recommends.

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