Fast Business Financial Review

Fast business Finance is a business financing offering by Fast Business Financial, LLC, based in Los Angeles, CA. Founded in 2014, Fast Business Financial, LLC offers access to small business loans in 50 states (and Washington, DC).

What are Fast business Finance’s rates?

Fast business Finance offers a variable APR business financing product that ranges from 3% APR up to 12% APR.

Does Fast business Finance charge an origination fee?

Yes, Fast business Finance charges a loan origination fee.

What limitations does Fast business Finance set on the purpose of the business loan?

Fast business Finance considers business loan applications for business purposes, such as:

• Business Debt Refinance
• Emergency Repairs
• Equipment Purchase
• Hiring
• Inventory
• Lease Improvement
• Marketing
• New Location
• Payroll
• Product or Service Expansion
• Technology Investment
• Working capital

What types of small business loans does Fast business Finance 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. Fast business Finance provides access to the following business loan types:

• Unsecured Term Business Loans
• Secured Term Business Loans
• Lines of Credit
• SBA Loans
• Invoice Financing
• Merchant Cash Advances
• Commercial Real Estate Loans
• ACH Cash Flow Loans
• Bridge Loans

Does Fast business Finance charge prepayment fees?

No, Fast business Finance does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the business loan off early.

How much can you borrow from Fast business Finance?

Business loan amounts start at $5,000 and go up to $5,000,000.

What is the maximum business loan term you can get with Fast business Finance?

Fast business Finance offers small business loans with a maximum term of 24 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 Fast Business Financial?

Fast Business Financial requires companies to be in business for at least 6 months. Businesses must have a minimum annual revenue of $50,000 to be considered.

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. Active duty service members and their covered dependents are eligible to apply for a loan via Fast Business Financial. Their rates fall within the limits of The Military Lending Act.

To qualify, applicants may need to provide the following documentation:

• Proof of income
• Recent bank statements
• Business formation documents
• Government issued photo ID