Where does Strategic Nationwide Funding do business?
Strategic Nationwide Funding is a direct lender based in Friday Harbor, WA. It was founded in 2010 and offers access to business loans in 50 states (and Washington, DC).
What are Strategic Nationwide Funding’s rates?
Strategic Nationwide Funding offers business loans with fixed APRs starting from 29% to 60%.
Does Strategic Nationwide Funding charge an origination fee?
Yes, Strategic Nationwide Funding charges a loan origination fee.
What limitations does Strategic Nationwide Funding set on the purpose of the loan?
Strategic Nationwide Funding considers loan applications for business purposes, such as:
What types of business loans does Strategic Nationwide Funding 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 Nationwide Funding provides access to the following business loan types:
- Merchant Cash Advances
Does Strategic Nationwide Funding charge prepayment fees?Yes, Strategic Nationwide Funding 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 Nationwide Funding?Loan amounts start at $10,000 and go up to $1,000,000.
What is the maximum loan term you can get with Strategic Nationwide Funding?
Strategic Nationwide Funding offers business loans with terms ranging from 4 to 10 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 Nationwide Funding?Strategic Nationwide Funding doesn’t disclose its credit score minimum. Strategic Nationwide Funding requires companies to be in business for at least 6 months. Businesses must have a minimum annual revenue of $10,000.
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 Nationwide Funding?
Strategic Nationwide Funding can approve (or deny) a loan application within 3 hours and fund business loans within 24 business days of approval.
685 Spring Street
Friday Harbor, WA 98250 USA
- Visit Site
- Washington, DC
- New Hampshire
- New Jersey
- New Mexico
- New York
- North Carolina
- North Dakota
- Rhode Island
- South Carolina
- South Dakota
- West Virginia
|Immigration Status Considered||
|Employment Statuses Considered||
|Minimum Months in Business||6|
|Verification Documents Required||
|Loan Amount||$10K - $1M|
|Loan Term (Months)||4 - 10|
|APR||29% - 60%|