Question 1

What are Power Up lending rates?

Accepted Answer

Power Up lending offers a business financing product but they do not disclose their rates.

Question 2

Does Power Up lending charge an origination fee?

Accepted Answer

Yes, Power Up lending charges a loan origination fee .

Question 3

Does Power Up lending charge prepayment fees?

Accepted Answer

Yes, Power Up lending may charge additional fees to borrowers who pay off their small business loans sooner than anticipated. Take this into consideration when choosing a business loan product because prepayment penalties can reduce or even cancel the interest savings of repaying a business loan... Learn More at SuperMoney.com

Question 4

How much can you borrow from Power Up lending?

Accepted Answer

Business loan amounts start at $20,000 .

Question 5

What do you need to qualify for PowerUp Lending Group Small Business Loans?

Accepted Answer

PowerUp Lending Group Small Business Loans requires companies to be in business for at least 6 months. Businesses must have a minimum annual revenue of $8,500 to be considered. Applicants with a credit score of at least 500 and up to 850 may be eligible for PowerUp Lending Group Small Business... Learn More at SuperMoney.com

Question 6

What is the estimated funding time for a business loan via Power Up lending?

Accepted Answer

Power Up lending can fund small business loans as soon as 1 business day.

Question 7

Does PowerUp Lending Group perform a hard credit pull?

Accepted Answer

Yes, Power Up lending performs a hard credit pull when you apply for a loan. Additionally, it doesn't provide the option to check your rates using a soft credit pull, a feature that many lenders offer. Click here to get prequalified rates from multiple leading lenders without a hard credit pull... Learn More at SuperMoney.com

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