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  Strategic Nationwide Funding

Strategic Nationwide Funding

in Business Loans from Strategic Nationwide Funding

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Strategic Nationwide Funding

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in Business Loans from Strategic Nationwide Funding

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Highlights
Highlights
Loan Amount $10,000 - $1,000,000
APR 29% - 60%
Loan Term 4 - 10 months

Strategic Nationwide Funding Review

Where does Strategic Nationwide Funding do business?

Strategic Nationwide Funding is a business financing offering by Strategic Nationwide Funding, a direct lender based in Friday Harbor, WA. Founded in 2010, Strategic Nationwide Funding offers access to business loans in 50 states (and Washington, DC).

What are Strategic Nationwide Funding’s rates?

Strategic Nationwide Funding offers a business financing product that ranges from 29% APR up to 60% APR.

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:

  • Business Debt Refinance
  • Equipment Purchase
  • Hiring
  • Inventory
  • Lease Improvement
  • New Location
  • Payroll
  • Product or Service Expansion
  • Technology Investment
  • Working capital

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 Strategic Nationwide Funding?

Strategic Nationwide Funding requires companies to be in business for at least 6 months. Businesses must have a minimum annual revenue of $10,000 to be considered.

Strategic Nationwide Funding does not require or does not disclose a credit score minimum.

Strategic Nationwide Funding does not have or does not disclose a minimum annual income eligibility requirement.

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. APRs for the Strategic Nationwide Funding product fall outside of the MLA limits and as a result the product cannot be issued to these applicants. Active duty service members and their covered dependents are considered “covered borrowers" under the Military Lending Act.

Only U.S. citizens and permanent residents can apply for a loan.

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

  • Proof of income
  • Proof of identity

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.

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Contact

  • Headquarters
  •   685 Spring Street
    #118
    Friday Harbor, WA 98250 USA
  •   Visit Site

About Strategic Nationwide Funding

Availability

Alaska Alabama Arkansas Arizona California Colorado Connecticut Washington, D.C. Delaware Florida Georgia Hawaii Iowa Idaho Illinois Indiana Kansas Kentucky Louisiana Massachusetts Maryland Maine Michigan Minnesota Missouri Mississippi Montana North Carolina North Dakota Nebraska New Hampshire New Jersey New Mexico Nevada New York Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Virginia Vermont Washington Wisconsin West Virginia Wyoming
  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

Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Employment Statuses Considered
  • Self-Employed
Military Status
  • Non-Military
  • Veterans
Minimum Months in Business 6
Minimum Revenue $10,000
Verification Documents Required
  • Proof of Identity
  • Proof of Income
Loan Amount $10K - $1M
Loan Term 4 - 10 months
APR 29% - 60%

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