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  GRP Funding

GRP Funding

in Business Loans from GRP Funding

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GRP Funding

Unaffiliated

in Business Loans from GRP Funding

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Highlights
Highlights
Loan Amount $5,000 - $500,000
APR 20% - 100%
Loan Term 4 - 18 months

GRP Funding Review

Where does GRP Funding do business?

GRP Funding is a business financing offering by GRP Funding, a direct lender based in Springfield, MA. Founded in 2007, GRP Funding offers access to business loans in 50 states (and Washington, DC).

What are GRP Funding’s rates?

GRP Funding offers a business financing product that ranges from 20% APR up to 100% APR.

Does GRP Funding charge an origination fee?

Yes, GRP Funding charges a loan origination fee.

What limitations does GRP Funding set on the purpose of the loan?

GRP Funding considers loan applications for business purposes, such as:

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

What types of business loans does GRP 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. GRP Funding provides access to the following business loan types:

  • Unsecured term loans
  • Merchant Cash Advances

Does GRP Funding charge prepayment fees?

Yes, GRP 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 GRP Funding?

Loan amounts start at $5,000 and go up to $500,000.

What is the maximum loan term you can get with GRP Funding?

GRP Funding offers business loans with terms ranging from 4 to 18 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 GRP Funding?

GRP Funding doesn’t disclose its credit score minimum. GRP Funding requires companies to be in business for at least 9 months. Businesses must have a minimum annual revenue of $8,500 to be considered.

Only U.S. citizens and permanent residents can apply for a loan. To qualify, applicants may need to provide the following documentation:

  • Proof of Identity
  • Proof of Income

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Contact

  • Headquarters
  •   1350 Main Street
    1st Floor
    Springfield, MA 01103 USA
  •   Visit Site

About GRP Funding

Availability

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

Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Employment Statuses Considered
  • Self-Employed
Military Status
  • Non-Military
  • Veterans
Minimum Months in Business 9
Minimum Revenue $8,500
Verification Documents Required
  • Proof of Identity
  • Proof of Income
Loan Amount $5K - $500K
Loan Term 4 - 18 months
APR 20% - 100%

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