Where does Bond Street do business?
Bond Street is a direct lender based in New York, NY. It was founded in 2013 and offers access to business loans in 45 states (and Washington, DC).
What are Bond Street’s rates?
Bond Street offers business loans with fixed APRs starting from 8% to 25%.
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
- 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 a loan with Bond Street?
Applicants with a credit score of at least 640 can apply for a loan via 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. .
515 Greenwich Street, Suite 201
New York, NY 10013 USA
- Washington, DC
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- Rhode Island
- South Carolina
- West Virginia