Quarterspot is a direct lender based in Arlington, VA. It was founded in 2013 and offers access to business loans in 50 states (and Washington, DC)
Quarterspot offers business loans with APRs ranging from 12.5% .
Yes, Quarterspot charges a loan origination fee.
Some lenders only provide business loans for certain purposes. Quarterspot offers considers loan applications for the following reasons:
Not all business loans are made equal. The type of loan you choose will determine the range of rates and terms you receive. Quarterspot provides access to the following business loan types:
Yes, Quarterspot charges borrowers with a late payment fee.
No, Quarterspot does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the loan off early.
Loan amounts start at $5,000 and go up to $150,000.
Applicants with a credit score of at least 550 can apply for a loan via Quarterspot.
Quarterspot requires businesses to be in business for at least 1 year in business. Active duty servicemembers and their covered dependents cannot apply for a loan via Quarterspot. The Military Lending Act prohibits lenders from charging servicemembers more than a 36% APR.
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