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Finance Factory

in Business Loans

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Finance Factory

Unaffiliated

in Business Loans

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Overview

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 $1,000,000.

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 are eligible to apply for a loan via Finance Factory. Its rates and terms fall within the limits of The Military Lending Act.

Only U.S. citizens and permanent residents can apply for a loan.

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

  • Proof of income

What is the estimated funding time for a business loan via Finance Factory?

Finance Factory will typically approve (or deny) a business loan application within 48 hours and fund the loan within 48 business days of approval.

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Contact

Availability

Available in 50 States and Washington, DC
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

No Prepayment Fee
No Origination Fee
Military Status
  • Active Duty Military
  • Military Dependent
  • Non-Military
  • Veterans
Credit Score Range
640 - 750
850 300 640 750
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Employment Statuses Considered
  • Self-Employed
Verification Documents Required
  • Proof of Identity
  • Proof of Income
Loan Term (Months)
Up to
300
Loan Amount
$5K - $1M
$100 $1M+
APR
()
Up to
99%

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