Common questions
How much does Lendio charge for a business loan?
Lendio is a marketplace that routes you to lenders charging factor rates of 1.09–1.45 on MCAs, or APR from 8% to 99%+ on term loans. Total repayment on a $100K loan typically runs $109K–$145K before fees.
Does Bluevine require collateral for a business line of credit?
No hard collateral, but Bluevine requires a personal guarantee. APR ranges from 15.9% to 78% and the max credit line is $250K. If your business defaults, your personal credit is on the line.
What are Fundbox's interest rates?
Fundbox lines of credit carry APR between 10.1% and 79.8%. They go up to $150K with 12 or 24-week repayment. Weekly fees are charged on drawn amounts. Fast but expensive at the high end.
Does Four Point Group require personal collateral?
No. Most products carry no personal collateral requirement and no personal guarantee. Underwriting is based on your business revenue, not your personal assets or home equity.
How long does it take to get funded through Four Point Group?
Decisions within 24 hours, funds in 1–3 business days for most revenue-based products. Compare to SmartBiz SBA loans, which typically take 30–45 days from application to funding.