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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.

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 penalty
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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

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.

What’s Needed to Apply?

  • 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)

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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