One Park Financial Business Loans
in Business Loans from One Park Financial LLCClaimed Visit Site Find My Best Rate
|Loan Amount||$5,000 - $750,000|
|APR (Fixed APR)||N/A|
|Loan Term||12 months|
One Park Financial Business Loans Review
Where does One Park Financial Business Loans do business?
One Park Financial Business Loans is a business financing offering by One Park Financial LLC, a direct lender based in Coconut Grove, FL. Founded in 2010, One Park Financial LLC offers access to business loans in 50 states (and Washington, DC).
What are One Park Financial Business Loans’s rates?
One Park Financial Business Loans offers a fixed APR business financing product but they do not disclose their rates.
Does One Park Financial Business Loans charge an origination fee?
No, One Park Financial Business Loans 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 One Park Financial Business Loans set on the purpose of the loan?
One Park Financial Business Loans considers loan applications for business purposes, such as:
- Equipment Purchase
- New Location
- Product or Service Expansion
- Technology Investment
- Working capital
Does One Park Financial Business Loans charge a late fee?
No, One Park Financial Business Loans will not charge you a late fee.
Does One Park Financial Business Loans charge prepayment fees?
No, One Park Financial 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 One Park Financial Business Loans?Loan amounts start at $5,000 and go up to $750,000.
What is the maximum loan term you can get with One Park Financial Business Loans?
One Park Financial Business Loans offers business loans with terms ranging from 12 to 12 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 One Park Financial Business Loans?
Applicants with a credit score of at least 500 can apply for a loan via One Park Financial Business Loans. One Park Financial Business Loans requires companies to be in business for at least 3 months. Businesses must have a minimum annual revenue of $60,000 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:
- Business Formation Documents
- Government Issued Photo ID
- Proof of Income
What is the estimated funding time for a business loan via One Park Financial Business Loans?
One Park Financial Business Loans can approve (or deny) a loan application within 72 hours and fund business loans within 7 business days of approval.
Does One Park Financial Business Loans report loan payments to credit bureaus?
One Park Financial Business Loans may report credit data to the following credit reporting agencies:
- Washington, DC
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Rhode Island
- South Carolina
- South Dakota
- West Virginia
|No Origination Fee|
|No Prepayment Fee|
|Late Fee Amount||$0|
|Credit Score Range||
500 - 850
|Immigration Status Considered||
|Employment Statuses Considered||
|Minimum Months in Business||3|
|Verification Documents Required||
|Loan Amount||$5K - $750K|
|Loan Term||12 months|