Sprout Financial is a lending platform based in Phoenix, AZ. It was founded in 2014 and offers access to business loans in 50 states (and Washington, DC)..
Yes, Sprout Financial charges a loan origination fee.
Some lenders only provide business loans for certain purposes. Sprout Financial 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. Sprout Financial provides access to the following business loan types:
No, Sprout Financial will not charge you a late fee. Yes, Sprout Financial charges borrowers with a late payment fee.
No, Sprout Financial 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 $10,000 and go up to $2,000,000.
Applicants with a credit score of at least 300 can apply for a loan via Sprout Financial.
Sprout Financial requires businesses to be in business for at least 2 months in business. Active duty servicemembers and their covered dependents are eligible to apply for a loan via Sprout Financial. 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:
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