|Loan Amount||$25,000 - $500,000|
|APR||8% - 25%|
|Loan Term||Up to 36 months|
Bond Street Review
Where does Bond Street do business?
Bond Street is a business financing offering by Bond Street, a direct lender based in New York, NY. Founded in 2013, Bond Street offers access to business loans in 45 states (and Washington, DC).
What are Bond Street’s rates?
Bond Street offers a business financing product that ranges from 8% APR up to 25% APR.
Does Bond Street charge an origination fee?
Yes, Bond Street charges a loan origination fee of 3% to 5% of the loan amount. Bond Street 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 Bond Street set on the purpose of the loan?
Bond Street considers loan applications for business purposes, such as:
- Business Debt Refinance
- Equipment Purchase
- Lease Improvement
- New Location
- Product or Service Expansion
- Working capital
What types of business loans does Bond Street offer?
Not all business loans are made equal. The type of loan you choose will determine the range of rates and terms you receive. Bond Street provides access to the following business loan types:
- Unsecured term loans
Does Bond Street charge prepayment fees?Yes, Bond Street 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 Bond Street?
Loan amounts start at $25,000 and go up to $500,000.
What is the maximum loan term you can get with Bond Street?
Bond Street offers business loans with a maximum term of 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 Bond Street?
Bond Street does not require borrowers to have been in business for a minimum number of years. Businesses must have a minimum annual revenue of $48,000 to be considered.
Applicants with a credit score of at least 640 and up to 850 are eligible for Bond Street.
Bond Street does not have or does not disclose a minimum annual income eligibility requirement.
515 Greenwich Street, Suite 201
New York, NY 10013 USA
About Bond Street
- Washington, DC
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- Rhode Island
- South Carolina
- West Virginia