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  Reliant Funding Business Loans

Reliant Funding Business Loans

in Business Loans from Reliant Funding

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Reliant Funding Business Loans

Unaffiliated

in Business Loans from Reliant Funding

Net Recommendation Score -100%

SUPERMONEY NET RECOMMENDATION SCORE

-100%

Recommendation score measures the loyalty between a provider and a consumer. It's at 100% if everybody recommends the provider, and at -100% when no one recommends.

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Highlights
Community Rating

Rating not yet determined  

Loan Amount $5,000 - $500,000
APR  (Fixed APR) 20% - 150%
Loan Term (Months) 6 - 18 months

Reliant Funding Business Loans Review

Reliant Funding Business Loans is a business financing offering by Reliant Funding, based in Melville, NY. Founded in 2007, Reliant Funding offers access to business loans in 50 states (and Washington, DC).

Reliant Funding Business Loans FAQ

What are Reliant Funding Business Loans’s rates?

Reliant Funding Business Loans offers a fixed APR business financing product that ranges from 20% APR up to 150% APR.

Does Reliant Funding Business Loans charge an origination fee?

Yes, Reliant Funding Business Loans charges a loan origination fee.

What limitations does Reliant Funding Business Loans set on the purpose of the loan?

Reliant Funding Business Loans considers loan applications for business purposes, such as:

  • Business Debt Refinance
  • Equipment Purchase
  • Hiring
  • Inventory
  • Lease Improvement
  • New Location
  • Payroll
  • Product or Service Expansion
  • Technology Investment
  • Working capital

What types of business loans does Reliant Funding Business Loans 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 Business Loans provides access to the following business loan types:

  • Unsecured term loans
  • Merchant Cash Advances

Does Reliant Funding Business Loans charge prepayment fees?

Yes, Reliant Funding Business Loans 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 Business Loans?

Loan amounts start at $5,000 and go up to $500,000.

What is the maximum loan term you can get with Reliant Funding Business Loans?

Reliant Funding Business Loans 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 Reliant Funding Business Loans?

Reliant Funding Business Loans requires companies to be in business for at least 7 months. Businesses must have a minimum annual revenue of $10,000 to be considered.

When it comes to credit scores, Reliant Funding doesn't have a set minimum or maximum. People with all types of credit can apply.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. Active duty service members and their covered dependents are eligible to apply for a loan via Reliant Funding Business Loans. Their rates fall within the limits of The Military Lending Act.

U.S. citizens are, of course, eligible for the services offered by Reliant Funding Business Loans. Permanent resident / green card holders are also eligible to apply.

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

  • Proof of income
  • Proof of identity

What is the estimated funding time for a business loan via Reliant Funding Business Loans?

Reliant Funding Business Loans can approve (or deny) a loan application within 1 hour and fund business loans within 1 business day of approval.

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Contact

  • Headquarters
  •   525 Broadhollow Road
    Suite 200
    Melville, NY 11747
  •   Visit Site

Other Services by Reliant Funding

Availability

  Available in 50 states and Washington, D.C.
  • 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

Credit Score Range 300 - 850
Employment Statuses Considered Self-Employed
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Military Status
  • Active Duty Military
  • Non-Military
  • Veterans
  • Military Dependent
Minimum Months in Business 7
Minimum Revenue $10,000
Verification Documents Required
  • Proof of Income
  • Proof of Identity
Approval Speed 1 hour
Funding Time Range Starting at 1 day
Loan Amount $5,000 - $500,000
APR (Fixed APR) 20% - 150%
Loan Term 6 - 18 months

Reliant Funding Business Loans Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

-100%

Recommendation score measures the loyalty between a provider and a consumer. It's at 100% if everybody recommends the provider, and at -100% when no one recommends.

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