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Last Updated: 07/24/2025

GROUNDFLOOR Business Loan

in Business Loans from GROUNDFLOOR

Last Updated: 07/24/2025

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Highlights

Amount Range

$50,000 - $2,000,000

APR (Fixed APR)

5% - 26%(Verified 06/21/2024)

Disclaimer popup with additional information

Loan Term (Months)

6 - 12

GROUNDFLOOR Business Loan Review

GroundFloor is a business financing offering by GROUNDFLOOR, based in Atlanta, GA. Founded in 2013, GROUNDFLOOR offers access to small business loans in 24 states (and Washington, DC).

GroundFloor FAQ

What are GroundFloor rates?

GroundFloor offers a fixed APR business financing product that ranges from 5% APR up to 26% APR.

Does GroundFloor charge an origination fee?

Yes, GroundFloor charges a loan origination fee of 2% to 6% of the business loan amount . GroundFloor deducts the fee directly from your business loan amount before disbursing loan proceeds, so make sure you take this fee into account when deciding how much you need to borrow.

Does GroundFloor charge prepayment fees?

No, GroundFloor 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 GroundFloor?

Business loan amounts start at $50,000 and go up to $2,000,000.

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

GroundFloor offers small business loans with terms ranging from 6 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 GROUNDFLOOR Business Loan?

GROUNDFLOOR Business Loan requires companies to be in business for at least month

Applicants with a credit score of at least 640 and up to 850 may be eligible for GROUNDFLOOR Business Loan.

U.S. citizens and permanent resident / green card holders are eligible to apply for the services offered by GROUNDFLOOR Business Loan.

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

Proof of income
Proof of identity

Does GROUNDFLOOR Business Loan report your account activity to credit bureaus?

Yes, GROUNDFLOOR Business Loan reports to the following credit bureaus:

Equifax
Experian

Making regular on-time payments to a creditor that reports to one or more credit bureaus will demonstrate your financial responsibility and may help build your credit.

Does GROUNDFLOOR perform a hard credit pull?

Yes, GroundFloor performs a hard credit pull when you apply for a loan. Additionally, it doesn't provide the option to check your rates using a soft credit pull, a feature that many lenders offer.

Click here to get prequalified rates from multiple leading lenders without a hard credit pull. However, if you accept a loan offer, a hard credit pull will likely be performed.

SuperMoney Disclosure: 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...

Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author's alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

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