Where does Reliant Funding do business?
Reliant Funding is a marketplace lender based in Melville, NY. It was founded in 2007 and offers access to business loans in 50 states (and Washington, DC).
What are Reliant Funding’s rates?
Reliant Funding offers business loans with fixed APRs starting from 20% to 150%.
Does Reliant Funding charge an origination fee?
Yes, Reliant Funding charges a loan origination fee.
What limitations does Reliant Funding set on the purpose of the loan?
Reliant Funding considers loan applications for business purposes, such as:
What types of business loans does Reliant Funding offer?
Not all business loans are made equal. The type of loan you choose will determine the range of rates and terms you receive. Reliant Funding provides access to the following business loan types:
- Unsecured term loans
- Lines of Credit
- Merchant Cash Advances
Does Reliant Funding charge prepayment fees?Yes, Reliant Funding 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 Reliant Funding?Loan amounts start at $5,000 and go up to $500,000.
What is the maximum loan term you can get with Reliant Funding?
Reliant Funding offers business loans with terms ranging from 6 to 18 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 Reliant Funding?
Applicants with a credit score of at least 300 can apply for a loan via Reliant Funding. Reliant Funding requires companies to be in business for at least 7 months. Businesses must have a minimum annual revenue of $10,000.
Only U.S. citizens and permanent residents can apply for a loan. To qualify, applicants may need to provide the following documentation:
- Proof of Identity
- Proof of Income
What is the estimated funding time for a business loan via Reliant Funding?
Reliant Funding can approve (or deny) a loan application within 1 hour and fund business loans within 1 business day of approval.
525 Broadhollow Road
Melville, NY 11747 USA
- Visit Site
- Washington, DC
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Rhode Island
- South Carolina
- South Dakota
- West Virginia
|Credit Score Range||
300 - 850
|Immigration Status Considered||
|Employment Statuses Considered||
|Minimum Months in Business||7|
|Verification Documents Required||
|Loan Amount||$5K - $500K|
|Loan Term (Months)||6 - 18|
|APR||20% - 150%|