Where does Loan Me do business?
Loan Me is a direct lender based in Anaheim, CA. It was founded in 2012 and offers access to business loans in 11 states across the USA.
What are Loan Me’s rates?
Loan Me offers business loans with fixed APRs starting from 24% to 149%.
Does Loan Me charge an origination fee?
Yes, Loan Me charges a loan origination fee of 5% to 10% of the loan amount. Loan Me deducts the fee directly from your loan amount before disbursing loan proceeds, so make sure you take this fee into account when deciding how much you need to borrow.
What limitations does Loan Me set on the purpose of the loan?
Loan Me considers loan applications for business purposes, such as:
What types of business loans does Loan Me offer?
Not all business loans are made equal. The type of loan you choose will determine the range of rates and terms you receive. Loan Me provides access to the following business loan types:
- Unsecured term loans
- Bridge Loans
Does Loan Me charge prepayment fees?
No, Loan Me 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 Loan Me?Loan amounts start at $3,500 and go up to $250,000.
What is the maximum loan term you can get with Loan Me?
Loan Me offers business loans with terms ranging from 24 to 120 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 Loan Me?Loan Me doesn’t disclose its credit score minimum. Loan Me requires companies to be in business for at least 2 months.
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
1900 S. State College Boulevard
Anaheim, CA 92806 USA
- Visit Site
- New Mexico
- North Carolina
- South Carolina
|No Prepayment Fee|
|Origination Fee||5% - 10%|
|Immigration Status Considered||
|Minimum Months in Business||2|
|Verification Documents Required||
|Loan Amount||$3.5K - $250K|
|Loan Term (Months)||24 - 120|
|APR||24% - 149%|