Where does Finance Factory do business?

Finance Factory is a lending platform based in Towson, MD. It was founded in 2006 and offers access to business loans in 50 states (and Washington, DC)

What are Finance Factory’s rates?

Finance Factory is not a direct lender or loan broker, so it has no control over the interest rates lenders charge. These vary depending the loan amount, repayment period and creditworthiness of the business and its owners. One of the advantages of using Finance Factory is that lenders compete for your business and you can pick the lender with the lowest interest rates and fees.

How much can you borrow from Finance Factory?

Maximum loan amounts vary by lender. One of the advantages of Finance Factory is being able to filter from many lenders to those who can fund the loan you need. Loan amounts start at $5,000 and go up to $500,000.

What do you need to qualify for a loan with Finance Factory?

Applicants with a credit score of at least 640 can apply for a loan via Finance Factory.

Finance Factory 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 Finance Factory. The Military Lending Act prohibits lenders from charging servicemembers more than a 36% APR.

  • Credit Score Range
    640 - 750
  • No Origination Fee
  • No Prepayment Fee
  • Business Loan Type
    • Unsecured Term Loan
    • SBA Loan
    • Line Of Credit
    • Merchant Cash Advance
  • Intended Use of Funds
    • Business Debt Refinance
    • Equipment Purchase
    • Lease Improvements
    • New Location
    • Product or Service Expansion
    • Working Capital
  • Approval Speed (Hours)
  • Loan Amount
    $5000 - $500000
  • Loan Term Range (Months)
    Up to 300
  • APR
    Up to 8%
  • Max Loan Term (Months)
SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

No reviews found.

Be the first to write a review for this company!

Write a Review

New Review for Finance Factory

Rate your experience: