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Bolstr

Unaffiliated

in Business Loans

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Overview

Where does Bolstr do business?

Bolstr is a marketplace lender based in Chicago, IL. It was founded in 2013 and offers access to business loans in 50 states (and Washington, DC).

What are Bolstr’s rates?

Bolstr offers business loans with fixed APRs starting from 8% to 25%.

Does Bolstr charge an origination fee?

Yes, Bolstr charges a loan origination fee.

What limitations does Bolstr set on the purpose of the loan?

Bolstr considers loan applications for business purposes, such as:

What types of business loans does Bolstr offer?

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

  • Unsecured term loans

Does Bolstr charge prepayment fees?

Yes, Bolstr 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 Bolstr?

Loan amounts start at $25,000 and go up to $500,000.

What is the maximum loan term you can get with Bolstr?

Bolstr offers business loans with terms ranging from 24 to 60 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 a loan with Bolstr?

Applicants with a credit score of at least 640 can apply for a loan via Bolstr. Bolstr does not require borrowers to have been in business for a minimum number of years.

Only U.S. citizens and permanent residents can apply for a loan. To qualify, applicants may need to provide the following documentation:

  • Proof of Identity
  • Proof of Income

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Contact

  • Headquarters
  •   1046 W. Kinzie
    Suite 300
    Chicago, IL 60642 USA
  •   Visit Site

Other Services by Bolstr

Availability

Alaska Alabama Arkansas Arizona California Colorado Connecticut Washington, D.C. Delaware Florida Georgia Hawaii Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Michigan Minnesota Missouri Mississippi Montana North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Vermont Washington Wisconsin West Virginia Wyoming
  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

Credit Score Range 640 - 850
850 300 640
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Employment Statuses Considered
  • Self-Employed
Military Status
  • Non-Military
  • Veterans
Verification Documents Required
  • Proof of Identity
  • Proof of Income
Loan Amount $25K - $500K
Loan Term (Months) 24 - 60
APR 8% - 25%

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