Mulligan Funding Business Loans Review

Mulligan Funding Business Loans is a business financing offering by Mulligan Funding, based in San Diego, CA. Founded in 2008, Mulligan Funding offers access to business loans in 50 states (and Washington, DC).

What are Mulligan Funding Business Loans’s rates?

Mulligan Funding Business Loans offers a fixed APR business financing product that ranges from 0% APR up to 99% APR.

Does Mulligan Funding Business Loans charge an origination fee?

Yes, Mulligan Funding Business Loans charges a loan origination fee.

What limitations does Mulligan Funding Business Loans set on the purpose of the loan?

Mulligan Funding Business Loans considers loan applications for business purposes, such as:

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

What types of business loans does Mulligan Funding Business Loans offer?

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

• Unsecured term loans
• Lines of Credit
• ACH Cashflow Loans

Does Mulligan Funding Business Loans charge prepayment fees?

No, Mulligan Funding Business Loans 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 Mulligan Funding Business Loans?

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

What is the maximum loan term you can get with Mulligan Funding Business Loans?

Mulligan Funding Business Loans offers business loans with terms ranging from 6 to 36 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 Mulligan Funding Business Loans?

Mulligan Funding Business Loans requires companies to be in business for at least 9 months. Businesses must have a minimum annual revenue of $8,400 to be considered.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members and their covered dependents are eligible to apply for a loan via Mulligan Funding Business Loans. Their rates fall within the limits of The Military Lending Act.

U.S. citizens are, of course, eligible for the services offered by Mulligan Funding Business Loans. Permanent resident / green card holders are also eligible to apply.

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

• Proof of income
• Proof of insurance
• Proof of identity

What is the estimated funding time for a business loan via Mulligan Funding Business Loans?

Mulligan Funding Business Loans can approve (or deny) a loan application within 24 hours and fund business loans within 1 business day of approval.