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Where does Cornerstone Medical & Technology Finance do business?

Cornerstone Medical & Technology Finance is a direct lender a lending platform based in Lees Summit, MO. It was founded in 2005 and offers access to business loans in 50 states (and Washington, DC)

What are Cornerstone Medical & Technology Finance’s rates?

Cornerstone Medical & Technology Finance offers business loans with APRs ranging from 1% and up to 25%.

Does Cornerstone Medical & Technology Finance charge an origination fee?

Yes, Cornerstone Medical & Technology Finance charges a loan origination fee. 

What types of business loans does Cornerstone Medical & Technology Finance offer?

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

  • Unsecured term loans
  • Secured term loans
  • Invoice financing

Does Cornerstone Medical & Technology Finance charge a late fee?

Yes, Cornerstone Medical & Technology Finance charges borrowers with a late payment fee.

Does Cornerstone Medical & Technology Finance charge prepayment fees?

Yes, Cornerstone Medical & Technology Finance 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 for a Cornerstone Medical & Technology Finance business loan?

Cornerstone Medical & Technology Finance offers business loans with a maximum term of 84 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 Cornerstone Medical & Technology Finance?

Applicants with a credit score of at least 640 can apply for a loan via Cornerstone Medical & Technology Finance.

Cornerstone Medical & Technology Finance does not require borrowers to have been in business for a minimum number of years. Active duty servicemembers and their covered dependents cannot apply for a loan via Cornerstone Medical & Technology Finance. The Military Lending Act prohibits lenders from charging servicemembers more than a 36% APR.

  • Max Loan Term (Months)
    84
  • Institution Type
    • Bank
    • Direct Lender
    • Other
  • Credit Score Range
    640 - 850
  • Business Loan Type
    • Unsecured Term Loan
    • Secured Term Loan
    • Invoice Financing
  • Approval Speed (Hours)
    24
  • APR
    1% - 25%
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