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  Sprout Financial Term Loans

Sprout Financial Term Loans

in Business Loans from Sprout Financial

Unaffiliated

Sprout Financial Term Loans

Unaffiliated

in Business Loans from Sprout Financial

Net Recommendation Score +100

SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +100, equating to 5 on a 5 point rating scale.

+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 $10,000 - $2,000,000
APR 0% - 99%
Loan Term (Months) N/A

Sprout Financial Term Loans Review

Sprout financial is a business financing offering by Sprout Financial, based in Phoenix, AZ. Founded in 2014, Sprout Financial offers access to small business loans in 50 states (and Washington, DC).

Sprout financial FAQ

What are Sprout financial’s rates?

Sprout financial offers a business financing product that ranges from 0% APR up to 99% APR.

Does Sprout financial charge an origination fee?

Yes, Sprout financial charges a loan origination fee.

What limitations does Sprout financial set on the purpose of the business loan?

Sprout financial considers business 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 small business loans does Sprout financial offer?

Not all small business loans are made equal. The type of business loan you choose will determine the range of interest rates and terms you receive. Sprout financial provides access to the following business loan types:

  • Unsecured Term Business Loans
  • Lines of Credit
  • SBA Loans
  • Merchant Cash Advances
  • Bridge Loans

Does Sprout financial charge prepayment fees?

No, Sprout financial does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the business loan off early.

How much can you borrow from Sprout financial?

Business loan amounts start at $10,000 and go up to $2,000,000.

What do you need to qualify for Sprout Financial Term Loans?

Sprout Financial Term Loans does not require borrowers to have been in business for a minimum number of years. Businesses don't have to meet a minimum annual revenue to be considered.

When it comes to credit scores, Sprout Financial doesn't have a set minimum or maximum. People with all types of credit scores 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 Sprout Financial Term Loans. Their rates fall within the limits of The Military Lending Act.

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

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

  • Proof of income
  • Driver's license
  • Proof of identity
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Other Services by Sprout Financial

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

No Prepayment Fee
Credit Score Range 300 - 850
Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Other
  • Retired
  • Self-Employed
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Military Status
  • Active Duty Military
  • Military Dependent
  • Non-Military
  • Veterans
Minimum Months in Business 0
Verification Documents Required
  • Proof of Identity
  • Proof of Income
  • Driver License (or other photo ID)
Loan Amount $10,000 - $2,000,000
APR 0% - 99%

Sprout Financial Term Loans Community Reviews

 

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SUPERMONEY NET RECOMMENDATION SCORE

This product is strongly recommended by SuperMoney users with a score of +100, equating to 5 on a 5 point rating scale.

+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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