|APR||0% - 99%|
|Loan Term||N/A months|
Where does LeaseQ do business?
LeaseQ is a business financing offering by LeaseQ, a marketplace lender based in Burlington, MA. Founded in 2012, LeaseQ offers access to business loans in 50 states (and Washington, DC).
What are LeaseQ’s rates?
LeaseQ offers a business financing product that ranges from 0% APR up to 99% APR.
Does LeaseQ charge an origination fee?
Yes, LeaseQ charges a loan origination fee.
What limitations does LeaseQ set on the purpose of the loan?
LeaseQ considers loan applications for business purposes, such as:
- Equipment Purchase
- Lease Improvement
- Technology Investment
- Working capital
What types of business loans does LeaseQ offer?
Not all business loans are made equal. The type of loan you choose will determine the range of rates and terms you receive. LeaseQ provides access to the following business loan types:
- Unsecured term loans
- Secured Term Loans
- Lines of Credit
- Invoice Financing
- Merchant Cash Advances
- ACH Cashflow Loans
Does LeaseQ charge prepayment fees?Yes, LeaseQ 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.
What do you need to qualify for a loan with LeaseQ?
Applicants with a credit score of at least 500 can apply for a loan via LeaseQ. LeaseQ 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
Only U.S. citizens and permanent residents can apply for a loan LeaseQ will also consider borrowers who are unemployed. To qualify, applicants may need to provide the following documentation:
- Proof of Identity
- Proof of Income
- Washington, DC
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Rhode Island
- South Carolina
- South Dakota
- West Virginia
|Credit Score Range||
500 - 850
|Immigration Status Considered||
|Employment Statuses Considered||
|Verification Documents Required||
|APR||0% - 99%|