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Strategic Funding Source

in Business Loans

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Strategic Funding Source

Unaffiliated

in Business Loans

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Overview

Where does Strategic Funding Source do business?

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).

What are Strategic Funding Source’s rates?

Strategic Funding Source offers business loans with fixed APRs starting from 10% to 100%.

Does Strategic Funding Source charge an origination fee?

Yes, Strategic Funding Source charges a loan origination fee starting at 2.5% of the loan amount. Strategic Funding Source deducts the fee directly from your loan amount before disbursing loan proceeds, so make sure you take this fee into account when deciding how much you need to borrow.

What limitations does Strategic Funding Source set on the purpose of the loan?

Strategic Funding Source considers loan applications for business purposes, such as:

  • Business Debt Refinance
  • Equipment Purchase
  • New Location
  • Product or Service Expansion
  • Working capital

What types of business loans does Strategic Funding Source offer?

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:

  • Unsecured term loans
  • Secured Term Loans
  • Lines of Credit
  • Invoice Financing
  • Merchant Cash Advances

Does Strategic Funding Source charge prepayment fees?

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.

How much can you borrow from Strategic Funding Source?

Loan amounts start at $10,000 and go up to $1,000,000.

What is the maximum loan term you can get with Strategic Funding Source?

Strategic Funding Source offers business loans with terms ranging from 3 to 36 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 Strategic Funding Source?

Strategic Funding Source doesn’t disclose its credit score minimum. Strategic Funding Source requires companies to be in business for at least 6 months.

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 Strategic Funding Source?

Strategic Funding Source can approve (or deny) a loan application within 1 hour and fund business loans within 2 business days of approval.

SUPERMONEY Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

Contact

  • Headquarters
  • 120 West 45th Street
    New York, NY 10036 USA
  • Visit Site

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

Origination Fee
Starting at 2.5%
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Employment Statuses Considered
  • Self-Employed
Military Status
  • Active Duty Military
  • Military Dependent
  • Non-Military
  • Veterans
Minimum Months in Business
6
Verification Documents Required
  • Proof of Identity
  • Proof of Income
Loan Amount
$10K - $1M
$25 $1M+
Loan Term (Months)
3 - 36
1 360
APR
10% - 100%
0% 100%+

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