SuperMoney

PowerUp Lending Group

in Business Loans

Unaffiliated Visit Site

PowerUp Lending Group

Unaffiliated

in Business Loans

Not enough votes for recommendation

Not enough votes for recommendation

Cast your vote
Cast your vote

Would you recommend PowerUp Lending Group to your friends?

Thanks for your vote!

Thanks for your vote!

You voted: May or may not recommend

Overview

Where does PowerUp Lending Group do business?

PowerUp Lending Group is a direct lender based in Great Neck, NY. It was founded in 2008 and offers access to business loans in 50 states (and Washington, DC)..

Does PowerUp Lending Group charge an origination fee?

Yes, PowerUp Lending Group charges a loan origination fee. 

What types of business loans does PowerUp Lending Group offer?

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

Does PowerUp Lending Group charge a late fee?

No, PowerUp Lending Group will not charge you a late fee. Yes, PowerUp Lending Group charges borrowers with a late payment fee.

Does PowerUp Lending Group charge prepayment fees?

Yes, PowerUp Lending Group 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.

How much can you borrow from PowerUp Lending Group?

Loan amounts start at $20,000.

What do you need to qualify for a loan with PowerUp Lending Group?

Applicants with a credit score of at least 500 can apply for a loan via PowerUp Lending Group.

PowerUp Lending Group requires businesses to be in business for at least 6 months in business. Active duty servicemembers and their covered dependents are eligible to apply for a loan via PowerUp Lending Group. Its rates and terms fall within the limits of The Military Lending Act.

Only U.S. citizens and permanent residents can apply for a loan.

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

  • Proof of income

What is the estimated funding time for a business loan via PowerUp Lending Group?

PowerUp Lending Group can approve (or deny) a loan application within 24 hours and fund business loans within 1 business day of approval.

SUPERMONEY Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

Contact

  • Headquarters
  • 111 Great Neck Road
    Suite 216
    Great Neck, NY 11021 USA
  • Visit Site

Availability

Available in 50 States and Washington, DC
  • 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

Minimum Months in Business
6
Military Status
  • Active Duty Military
  • Military Dependent
  • Non-Military
  • Veterans
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Credit Score Range
500 - 850
850 300 500
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
Minimum Revenue
$8,500
Verification Documents Required
  • Proof of Income
Loan Amount
Starting at
$20,000

Be the first to rate

Would you recommend PowerUp Lending Group to your friends?

Before we publish your vote:

Please explain your vote by sharing your experience.

Writing a review increases the credibility of your vote and helps your fellow users make a better-informed decision.

Please write a review to submit your vote
Cancel my vote
(will require moderator approval)

Other Business Loans