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What A Personal Loan Is

Personal loans are unsecured loans with fixed interest rates traditionally offered by banks, alternative lenders or credit unions with monthly payments and terms of 3, 5 or 7 years. They require no collateral or down payments and have no prepayment penalties.

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What Personal Loans Can Be Used For:
  • Business Acquisition
  • Real Estate Investment
  • Credit Card Consolidation
  • Refinancing Existing Debt
  • Home Improvement Projects
  • Business Startup
  • Improve Credit
  • Major Purchases
  • Working Capital
  • Loan Amounts: $25,000 – $250,000
  • Time to Fund: 7 to 10 business days on average
  • Interest Rates: Starting At 5.99%
  • Loan Terms: 3 – 7 Years with no prepayment penalt
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Credit and Income Requirements

You’ll want to have a credit score between 680+ with an ideal score of 700+ and $35,000 or more in annual income.

  • Ideal Credit Score: 700 or better
  • Time In Business: N/A
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How To Get Started

Finance Factory has access to the best options in the industry and expertise to obtain the capital you need for your business or investment.

Required Documents:

  • Credit Report (We Can Conduct A Soft Pull)
  • Pay Stubs / W-2s
  • Personal Tax Return (If Self-Employed)
  • Award Letters (If Retired Or On Disability)
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Finance Factory Helps You Find Personal Loans For You

Interested in finding funding for your business? Finance Factory would love to help! If you or a spouse or partner has income and a credit score of 680+ , let’s chat! Get pre-qualified right now with our quick-step pre-qualification form! And don’t worry, this will not result in a hard credit inquiry of sensitive information. We just want to learn more about you and your business. Click below to get started!

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