|Loan Amount||$5,000 - $1,000,000|
|Loan Term (Months)||1 - 12 months|
Eagle Business Credit Review
Eagle business credit is a business financing offering by Eagle Business Credit, based in Kennesaw, GA. Founded in 2013, Eagle Business Credit offers access to small business loans in 50 states (and Washington, DC).
Eagle business credit FAQ
What are Eagle business credit’s rates?
Eagle business credit offers a business financing product of 0%.
Does Eagle business credit charge an origination fee?
Yes, Eagle business credit charges a loan origination fee starting at $250
What limitations does Eagle business credit set on the purpose of the business loan?
Eagle business credit considers business 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 small business loans does Eagle business credit offer?
Not all small business loans are made equal. The type of business loan you choose will determine the range of interest rates and terms you receive. Eagle business credit provides access to the following business loan types:
- Invoice Financing
Does Eagle business credit charge prepayment fees?Yes, Eagle business credit charges additional fees to borrowers who pay off their small business 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 business loan early.
How much can you borrow from Eagle business credit?
Business loan amounts start at $5,000 and go up to $1,000,000.
What is the maximum business loan term you can get with Eagle business credit?
Eagle business credit offers small business loans with terms ranging from 1 to 12 months. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.
What do you need to qualify for Eagle Business Credit?
Eagle Business Credit does not require borrowers to have been in business for a minimum number of years. Businesses don't have to meet a minimum annual revenue to be considered.
When it comes to credit scores, Eagle Business Credit doesn't have a set minimum or maximum. People with all types of credit scores can apply.
The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. APRs for the Eagle Business Credit product fall outside of the MLA limits, and as a result, the product cannot be issued to these applicants. Active duty service members and their covered dependents are considered “covered borrowers" under the Military Lending Act.
U.S. citizens are, of course, eligible for the services offered by Eagle Business Credit. Permanent resident / green card holders are also eligible to apply.
To qualify, applicants may need to provide the following documentation:
- Proof of income
- Proof of identity
Other Services by Eagle Business Credit
- Washington, DC
- North Carolina
- North Dakota
- New Hampshire
- New Jersey
- New Mexico
- New York
- Rhode Island
- South Carolina
- South Dakota
- West Virginia
|Origination Fee ($)||Starting at $250|
|Credit Score Range||300 - 850|
|Employment Statuses Considered||Self-Employed|
|Immigration Status Considered||
|Verification Documents Required||
|Loan Amount||$5,000 - $1,000,000|
|Loan Term||1 - 12 months|