Site Loader
What is a business line of credit?
Think of a line of credit as a financial safety net for your small business. It’s a credit account that’s available for you to use, or not use, at your discretion. Anytime you need it, the money is there for you. And you only owe interest on the funds you use. How much …
What is a VA loan?
A VA loan is a special kind of loan offered by the U.S. Department of Veterans Affairs to veterans, reservists, and members of the military or National Guard. Spouses of military members who died while on active duty or as a result of a service-related disability are also eligible to …
What kinds of small business loans are there?
Small business loans are kind of like great songs. There are tons of different options out there, and they vary dramatically in length, instrumentation, and style. And Lendio is kind of like a jukebox, making it easy to choose your favorite. Here’s a quick look at some of the highlights in our …
What are microloans?
Microloans are – you guessed it – small loans. They have a relatively small dollar amount and are used to help entrepreneurs grow or sustain their small businesses. Typically, microloans are given in struggling communities to support entrepreneurship and the local economies. United States businesses actually receive only a tiny …
Which loan option is best for my business?
There’s no one-size-fits-all answer. The best loan for your business depends on many factors such as your needs, budget, timelines, and qualifications. For example, if you need fast cash, accounts receivable financing or a merchant cash advance can get you funding in as little as 24 hours. If you need to upgrade your machinery, equipment financing is probably …
Are there small business loans for minorities?
The short answer: Yes, you have more small business loan options than you think – but there’s still plenty of room for improvement. The long answer: If you feel like you’ve had a hard time finding a small business loan, you’re not alone. Despite making up more than 1/4 of all businesses in America, minority-owned businesses …
What is a merchant cash advance?
A merchant cash advance enables you to borrow against future earnings so you can get access to funds much quicker than with a traditional loan. The amounts usually range from $5,000-200,000, with terms up to two years. And here’s the kicker: you can get the funds in as little as 24 hours. …
What is a commercial mortgage?
That’s a great question. Basically, a commercial mortgage (also commonly called a commercial real estate loan) allows you to use the equity in your office building or other property to get cash for things like buying, building, expanding, remodeling, or even refinancing and getting cash out of your small business. The favorable interest rates for …
What is a business credit card?
A business credit card isn’t much different from the personal credit cards you probably have in your wallet at this very moment. It functions in the same way, offering on-demand funding and flexibility for large or small, long-term or short-term purchases. You can leverage it to provide or preserve cash. The primary …
What is a term loan?
Glad you asked! A term loan is a loan that’s repaid in scheduled payments over a specific period of time. It provides up to $2 million with interest rates as low as 6%, and you can often get funded in as little as 24 hours. Your term loan will likely feature fixed …
How do I get funding for a startup?
Being brand new to small business ownership doesn’t mean you won’t qualify for a loan. There are plenty of options for startups, including short term loans, SBA loans, equipment financing, lines of credit, business credit cards, and more. And most of these options are flexible enough to be used for just about …
How long does it take to get my money?
Glad you asked. While timelines vary by loan type and lender, we can usually provide you with small business financing options from interested lenders within a day or two of receiving your completed application. After you compare these loan options and choose the best one for your business, we’ll work to …
Will I qualify for a business loan?
That largely depends on where you apply for your loan. Traditional lenders only approve about 20% of small business loan applications, so unless you’ve got top-notch credit and some serious business credentials, you’re not likely to qualify. On the flipside, your chances for success skyrocket if you seek a loan from a lending …
What do banks require for a loan?
A lot. The process of getting a small business loan from a bank is pretty demanding from the get-go. The specific documents needed for a bank loan application will vary drastically depending on the type of loan you apply for, but here are some of the key documents that banks typically ask …
What documents do I need to apply for a business loan?
The answer to this question varies wildly depending on where you’re applying. If you’re seeking a small business loan from a bank, plan on a mountain of documents and paperwork for your application. In fact, the average bank loan application takes nearly 30 hours to complete. If you apply for a loan with Lendio, …
How do I get a business loan?
The process really depends on which of two main routes you take: bank or Lendio. If you go with a traditional bank, you’ll need to assemble a mountain of documents (such as personal and business tax returns, personal financial statements, business licenses and registrations, articles of incorporation, and commercial leases). Armed with …
Does my credit score matter?
Yep, lenders will review your credit score when determining whether you qualify for a small business loan – but your score probably doesn’t matter as much as you think it does (phew). While having excellent credit will typically help you access larger loan amounts as well as more favorable rates and terms, there …
Why do you pull credit?
Well, credit is an important factor when it comes to qualifying you for certain loan products. Your credit history provides a snapshot of your financial stability – or instability. So in order for our application to deliver accurate information on the best loans available to you, we need access to your credit. The next thing …
How will I pay back my loan? How often will I make payments on my business loan?
Because we’re partnered with more than 75 different lenders offering a vast array of loan options for all kinds of small businesses, the exact method and frequency with which you will pay back your loan can vary dramatically. Some small business loans are repaid with a simple monthly payment schedule while others …
What is a lien?
We’re glad you asked, because this is something that confuses a lot of people. In a nutshell, a lien is a legal right granted over property to make sure payments are made on a debt. It’s pretty common for lenders to place liens on property that is used as collateral for a small business …
What is APR?
APR is a common abbreviation for annual percentage rate, which is the amount of interest accrued on debt held for one year. In other words, your APR is the annual cost of your loan. For example, if you owed $10,000 and your APR were 10%, by the end of the year you …
How much will the money cost?
That’s a good question. There’s no standard rate that applies to all businesses, so the cost of your loan depends entirely on what you qualify for. Lenders will look at criteria such as your credit, business income, and time in business, then qualify you for loans that have varying terms and …
How are business loans different from personal loans?
One of the key differentiators is that you qualify for a personal loan based on your own credit score and personal income, while the qualification for a business loan depends on a broader range of criteria related to your small business. These can include things like business history, business income, business credit, your …

DISCLAIMER
Xpress Loans 911 is a Business Lender and only Lends for Business Purposes Only

Rates advertised are the lowest offered. Actual rates and offers may vary based on approval criteria, including but not limited to borrower FICO score, previous experience, period of ownership, etc.

100% Purchase is subject to experience, liquidity, credit score. It subject to complete underwriting based upon program guidelines. These guidelines and programs are subject to change at any given time.

**Leverage advertised is the highest offered. Actual leverage and offers may vary based on approval criteria, including but not limited to borrower FICO score, previous experience, period of ownership, market conditions, etc.

Advances are made directly by Xpress Loans 911 Your actual rate depends upon credit score, advance amount, advance term, and credit usage and history. Repayment terms range from 4-84 months depending on the type of loan taken out and the loan amount. Advances will not impact personal credit score.