Where does eLease Funding do business?
eLease Funding is a direct lender based in St. Petersburg, FL. It was founded in 1995 and offers access to business loans in 50 states (and Washington, DC).
What are eLease Funding’s rates?
eLease Funding offers business loans with fixed APRs starting from 4% to 35%.
Does eLease Funding charge an origination fee?
Yes, eLease Funding charges a loan origination fee.
What limitations does eLease Funding set on the purpose of the loan?
eLease Funding considers loan applications for business purposes, such as:
What types of business loans does eLease Funding offer?
Not all business loans are made equal. The type of loan you choose will determine the range of rates and terms you receive. eLease Funding provides access to the following business loan types:
- Secured Term Loans
Does eLease Funding charge prepayment fees?Yes, eLease Funding 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 eLease Funding?Loan amounts start at $1,000 and go up to $500,000.
What is the maximum loan term you can get with eLease Funding?
eLease Funding offers business loans with terms ranging from 24 to 60 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 eLease Funding?eLease Funding doesn’t disclose its credit score minimum. eLease Funding requires companies to be in business for at least 1 month
Only U.S. citizens and permanent residents can apply for a loan eLease Funding only considers borrowers who are employed or self-employed.
2820 1st Avenue N
St. Petersburg, FL 33713 USA
- Visit Site
- Washington, DC
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Rhode Island
- South Carolina
- South Dakota
- West Virginia
|Immigration Status Considered||
|Employment Statuses Considered||
|Minimum Months in Business||1|
|Loan Amount||$1K - $500K|
|Loan Term (Months)||24 - 60|
|APR||4% - 35%|