What A Personal Loan Is

Personal Loans are finances borrowed from traditional banks, alternative lenders, or credit unions with fixed terms and rates. Much like any other loan, you pay the money back in monthly intervals at a set interest rate. The majority of personal loans are unsecured– meaning there is no collateral involved. We also have options where the funds are structured as a revolving line of credit as well.


What Personal Loans Can Be Used For:

Business Startup

Business Acquisition

Real Estate Investment

Working Capital

Credit Card Consolidation

Home Improvement Projects

Refinancing Existing Debt

Improve Credit

Major Purchases


Loan Amounts

$25,000 – $500,000

Loan Terms

3 – 7 Years with no prepayment penalty

Interest Rates

Starting At 5.99%


7 to 10 days on average

Who Qualifies For A  Personal Loan: Credit and Income

You’ll want to have a credit score between 660 and 800 – with an ideal score of 700+ and $35000 or more in annual income.

Ideal Credit Score

700 or better

Time In Business


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)

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 650 – 800, 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!