Features

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)..

Does Strategic Funding Source charge an origination fee?

Yes, Strategic Funding Source charges a loan origination fee. 

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

Some lenders only provide business loans for certain purposes. Strategic Funding Source offers considers loan applications for the following reasons:

  • Equipment purchase
  • New location
  • Product or service expansion
  • Working capital
  • Business debt refinance

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
  • Invoice financing
  • Merchant cash advances

Does Strategic Funding Source charge a late fee?

No, Strategic Funding Source will not charge you a late fee. Yes, Strategic Funding Source charges borrowers with a late payment fee.

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 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 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.

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 0 business day of approval.

  • 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
  • Business Loan Type
    • ACH Cashflow Loan
    • Unsecured Term Loan
    • Secured Term Loan
    • Line Of Credit
    • Merchant Cash Advance
    • Invoice Financing
  • Intended Use of Funds
    • Business Debt Refinance
    • Equipment Purchase
    • Lease Improvements
    • New Location
    • Product or Service Expansion
    • Working Capital
  • Approval Speed (Hours)
    1
  • Funding Time Range (in days)
    Up to 1
  • Loan Amount
    $10000 - $1000000
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