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Short-Term Loan through Swift Financial and PayPal

Short-Term Loan through Swift Financial and PayPal

LoanBuilder lets you quickly customize a business loan to fit your unique business need. Use the Configurator to estimate your business’s personalized term and price before you apply. When you apply, if approved, Business Funding Experts help you get funded quickly – as fast as one business day. LoanBuilder offers fixed weekly payments and amounts up to $500,000. The lender for the LoanBuilder Loan is Celtic Bank, a Utah-chartered industrial bank, member FDIC.

7/10

Cost
40% Complete
Low High
Effort to Apply
20% Complete
Easy Difficult
Funding Speed
10% Complete
Minutes Months
Repayment Terms
30% Complete
Months Years

Bottom Line

With fixed, weekly payments and funding up to $500,000, this can give your business the ability to expand your business, purchase new equipment, or help with cashflow.

Pros

Minimal documentation required and funding as fast as one business day.

Cons

Weekly payments can be a strain on your cashflow.

Qualification Requirements

Time in Business

At least 1 year

Annual Revenue

At least $100,000

Required Paperwork

4 months of bank statements are required. More documentation might be required depending on your credit history and desired loan amount.

Restrictions

No active bankruptcies. No active liens or judgements above $150,000. No existing short-term financing balances over $300,000.

Cost
25% - 50% APR
Repayment Terms
Weekly for 13 to 52 weeks
Funding Amount
$5,000 - $500,000
Funding Speed
Typically as fast as one business day from the time paperwork is received.
Application
All digital. May require some phone communication.

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