People love what they can do with their loans. The Reliant Funding Business Loans website provides a wide range of loans that you can apply for but they are presently focus on Merchant Cash Advances. Moreover, feedback on Reliant Funding Business Loans is overwhelmingly positive. In fact, according to TrustPilot, the company has earned a 4.5 stars rating. Many of the reviews are from people who have used the business loans to start a new business.
But it’s different on Better Business Bureau because the website gives Reliant Funding a rating of 1.5 stars. This is mainly because of applicants who were a victim of deceptive ads and were concerned about Reliant Funding being a fraud.
Reliant Funding Business Loans Interest Rates and Fees
Interest Rate: Even though the loan terms of Reliant Funding Business Loans are shorter compared to other average lenders, their interest rates only vary between 1% to 11.5% – making them one of the small lenders who have a low annual rate.
Late payment and prepayment fees: It is said that Reliant Funding Business Loans doesn’t charge any late payment fees to borrowers who forgot to pay their dues on time. On the other hand, prepayment fees are charged to borrowers who wants to pay earlier than the designated reimbursement schedule. The prepayment fee of Reliant Funding Business Loans is currently undisclosed.
Origination fees: Reliant Funding Business Loans has origination fee but the amount of it is undisclosed. So make sure to review every terms and conditions of the loan and take into account their origination fee.
Advantages and features of Reliant Funding Business Loans
Offers Quick Funding: Business loans can sometimes be a challenge to find, especially if you don’t have a good credit score. That’s why Reliant Funding Business Loans is the best option for you. They can offer you fast funding, flexible terms, and a low interest rate.
Available in most states of America: Reliant Funding strives to provide the best possible service to business owners and people. This is why Reliant Funding Business Loans has been in business for years now and it offers business loans to individuals and businesses in most states of America.
Lenient requirements: Reliant Funding Business Loans offers a variety of financing options for businesses. No matter if you’re a start-up or a mid-sized business, chances are they can help you finance your business with only lenient requirements.
Qualifying for Reliant Funding Business Loans
The first step to getting a business loan is to make sure that you qualify. One of the most important things in business is having a good credit score. Without a good credit score, it can make it difficult to get funding for your business. Moreover, the following are some of the requirements of Reliant Funding for you to qualify as a borrower.
Credit score required: Reliant Funding Business Loans requires applicant to at least have a credit score of 525. Meaning, even if you have a poor to fair credit score, you can still be eligible of acquiring their Merchant Cash Advances.
Income required: Reliant Funding Business Loans have a relatively low income requirement to borrowers with only $60,000. But as usual, it’s better if you have so much more than that to increase your chances of getting approved.
How to apply for Reliant Funding Business Loans?
Applying for Reliant Funding Business Loans is relatively easy. You can just go to their website, submit an online application form by filling out all the necessary details about you. This is also where you will include the annual revenue of your business.
After that, you will wait for a customer representative to contact you to further discuss your application and verification of your profile. Assuming that you get approval, you can receive the funds right away after contract signing and reviewing of terms and conditions.
Frequently Asked Questions about Reliant Funding Business Loans
- How many months I need to be eligible for Reliant Funding Business Loans?
You need a 6-month period in business before you can be an eligible applicant for Reliant Funding Business Loans.
- Can I receive the funds in just a day?
Yes. Reliant Funding Business Loans is known for their funding speed which can take 24 hours. However, there are some factors that it may take longer than that like your submitted documents or the number of applicants at the moment.
Whether you’re a startup or a business with a significant amount of debt, you may need to take out a business loan. Business loans are typically used to help entrepreneurs fund their business, but they can also be used to help them consolidate debt, increase cash reserves, and make strategic investments. Luckily, Reliant Funding Business Loans offers just that.
Reliant Funding Business Loans is a business loan provider currently serving the United States. They offer a variety of business loan options which cater to different business needs. Another great thing about the company is that they offer loans for applicants with poor to fair credit. People love this aspect of the company, because it makes it easier to get a loan with little to no good credit standing.