Commercial Finance Partners
in Business Loans from Commercial Finance PartnersUnaffiliated
|Loan Amount||Up to $20,000,000|
|APR||0% - 99%|
|Loan Term (Months)||N/A|
Commercial Finance Partners Review
Where does Commercial Finance Partners do business?
Commercial Finance Partners is a business financing offering by Commercial Finance Partners, based in Boca Raton, FL. Founded in 2014, Commercial Finance Partners offers access to business loans in 50 states (and Washington, DC).
What are Commercial Finance Partners’s rates?
Commercial Finance Partners offers a business financing product that ranges from 0% APR up to 99% APR.
Does Commercial Finance Partners charge an origination fee?
Yes, Commercial Finance Partners charges a loan origination fee.
What limitations does Commercial Finance Partners set on the purpose of the loan?
Commercial Finance Partners considers loan applications for business purposes, such as:
- Business Debt Refinance
- Equipment Purchase
- Lease Improvement
- New Location
- Product or Service Expansion
- Technology Investment
- Working capital
What types of business loans does Commercial Finance Partners offer?
Not all business loans are made equal. The type of loan you choose will determine the range of rates and terms you receive. Commercial Finance Partners provides access to the following business loan types:
- Unsecured term loans
- Secured Term Loans
- Lines of Credit
- SBA Loans
- Invoice Financing
- Merchant Cash Advances
- Commercial Real Estate
- ACH Cashflow Loans
- Bridge Loans
Does Commercial Finance Partners charge prepayment fees?Yes, Commercial Finance Partners 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 do you need to qualify for Commercial Finance Partners?
Commercial Finance Partners 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.Commercial Finance Partners does not require or does not disclose a credit score minimum.
The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. APRs for the Commercial Finance Partners product fall outside of the MLA limits and as a result the product cannot be issued to these applicants. Active duty service members and their covered dependents are considered “covered borrowers" under the Military Lending Act.
U.S. citizens are, of course, eligible for the services offered by Commercial Finance Partners. Permanent resident / green card holders are also eligible to apply.
To qualify, applicants may need to provide the following documentation:
- Proof of income
- Proof of identity
- Washington, DC
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Rhode Island
- South Carolina
- South Dakota
- West Virginia
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