Strategic Funding Source is a direct lender based in New York, NY. It was founded in 2006 and offers access to business loans in 50 states (and Washington, DC)..
Yes, Strategic Funding Source charges a loan origination fee.
Some lenders only provide business loans for certain purposes. Strategic Funding Source 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. Strategic Funding Source provides access to the following business loan types:
No, Strategic Funding Source will not charge you a late fee. Yes, Strategic Funding Source charges borrowers with a late payment fee.
Yes, Strategic Funding Source 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.
Loan amounts start at $10,000 and go up to $1,000,000.
Strategic Funding Source doesn’t disclose its credit score minimum.
Strategic Funding Source does not require borrowers to have been in business for a minimum number of years. Active duty servicemembers and their covered dependents are eligible to apply for a loan via Strategic Funding Source. 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.
Strategic Funding Source can approve (or deny) a loan application within 1 hour and fund business loans within 0 business day of approval.
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