US Business Funding Review

US Business Funding is a business financing offering by US Business Funding LLC, based in Santa Ana, CA. Founded in 2008, US Business Funding LLC offers access to small business loans in 50 states (and Washington, DC).

What are US Business Funding’s rates?

US Business Funding offers a fixed APR business financing product that ranges from 9.99% APR up to 99% APR.

Does US Business Funding charge an origination fee?

Yes, US Business Funding charges a loan origination fee of 2.5% to 5% of the business loan amount. US Business Funding deducts the fee directly from your business 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 US Business Funding set on the purpose of the business loan?

US Business Funding considers business loan applications for business purposes, such as:

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

Does US Business Funding charge prepayment fees?

No, US Business Funding does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the business loan off early.

How much can you borrow from US Business Funding?

Business loan amounts start at $10,000 and go up to $750,000.

What is the maximum business loan term you can get with US Business Funding?

US Business Funding offers small business loans with terms ranging from 3 to 60 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 US Business Funding?

US Business Funding does not require borrowers to have been in business for a minimum number of years. Businesses must have a minimum annual revenue of $250,000 to be considered.

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 US Business 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.

U.S. citizens are, of course, eligible for the services offered by US Business Funding.

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

• Proof of income
• Proof of identity
• Proof of residence

What is the estimated funding time for a business loan via US Business Funding?

US Business Funding can provide a credit approval decision in less than an hour and fund the business loan within 1 business day.