Long-Term Loan by Lendistry

Long-Term Loan by Lendistry

Lendistry’s Traditional Term Loans are designed for small businesses planning for long-term growth. Some of our clients have used our Traditional Term Loans to cover the expense of opening a second location, creating and retaining staff positions, purchasing equipment, buying inventory, and covering day-to-day options. Lendistry’s Traditional Term Loans offer competitive rates, transparent terms, and flexible repayment options.

Nav's Verdict

Cost
15% Complete
LowHigh
Effort to Apply
40% Complete
EasyDifficult
Funding Speed
40% Complete
MonthsMinutes
Repayment Terms
90% Complete
MonthsYears

9/10

Bottom Line

An excellent long-term loan if you can qualify for a longer repayment.

Pros

Great rates. Up to 10 years for repayment in order to keep monthly payments low.

Cons

Up to a 5% origination fee. UCC filing. Only lends to California businesses.

Qualification requirements

Annual Revenue

At least $150,000

Time in Business

At least 2 years in business

Other Requirements

No bankruptcies in the past 3 years. No more than 3 MCA UCC filings. No default or government debt. No defaults on government debt.

Cost
6% - 16% APR
Repayment Terms
Weekly, bi-weekly, or monthly payments for 12 to 60 months.
Funding Amount
$50,000 - $1 million
Origination Fee
1% - 5%
Funding Speed
1 - 2 weeks
Other Fees
$100 for UCC filing

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