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Kiva

in Business Loans from Kiva

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Kiva

Unaffiliated

in Business Loans from Kiva

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Highlights
Highlights
Loan Amount $25 - $20,000
APR Starting at 0%
Loan Term (Months) 1 - 60

Overview

Where does Kiva do business?

Kiva is a marketplace lender based in San Francisco, CA. It was founded in 2005 and offers access to business loans in 50 states (and Washington, DC).

What are Kiva’s rates?

Kiva offers business loans with fixed APRs starting from 0% .

Does Kiva charge an origination fee?

No, Kiva does not charge a loan origination fee. A loan origination fee is what some lenders charge for processing, underwriting, and funding a loan. Typically fees range from 0.5% to 5% of the loan amount. Whenever possible, go with lenders that don’t charge origination fees.

What limitations does Kiva set on the purpose of the loan?

Kiva considers loan applications for business purposes, such as:

  • Equipment Purchase
  • Inventory
  • Lease Improvement
  • New Location
  • Product or Service Expansion
  • Working capital

What types of business loans does Kiva offer?

Not all business loans are made equal. The type of loan you choose will determine the range of rates and terms you receive. Kiva provides access to the following business loan types:

  • Unsecured term loans
  • Lines of Credit

Does Kiva charge prepayment fees?

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

How much can you borrow from Kiva?

Loan amounts start at $25 and go up to $20,000.

What is the maximum loan term you can get with Kiva?

Kiva offers business loans with terms ranging from 1 to 60 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 Kiva?

Applicants with a credit score of at least 300 can apply for a loan via Kiva. Kiva does not require borrowers to have been in business for a minimum number of years. Businesses don't have to meet a minimum annual revenue to be considered. To qualify, applicants may need to provide the following documentation:

  • Proof of Identity

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

Kiva can approve (or deny) a loan application within 360 hours and fund business loans within 1 business day of approval.

Does Kiva report loan payments to credit bureaus?

Kiva may report credit data to the following credit reporting agencies:

  • Equifax
  • Experian
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Contact

  • Headquarters
  •   3180 18th Street, Suite 201
    San Francisco, CA 94110 USA
  •   Visit Site

About Kiva

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

No Origination Fee  
No Prepayment Fee  
Origination Fee Starting at 0%
Credit Score Range 300 - 850
Immigration Status Considered
  • U.S. Permanent Resident
  • Non-Resident
Employment Statuses Considered
  • Self-Employed
Military Status
  • Non-Military
  • Veterans
Minimum Months in Business 0
Verification Documents Required
  • Proof of Identity
Loan Amount $25 - $20K
Loan Term (Months) 1 - 60
APR (Fixed APR) Starting at 0%

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