If you\u2019re a business owner in need of quick cash, Driven is worth looking into. This private lender, formerly known as \u201cThinking Capital\u201d, has provided more than 17,000 businesses with the funds they\u2019ve needed. Companies can apply for as much as $500,000, and collateral is not required for some loans.<\/p>
It has a number of repayment options available from daily, weekly to bi-weekly, so you can find a repayment schedule to fit your needs. One major thing to look out for is that the lender requires automatic repayments from your bank account.<\/p>
Business owners can use a Driven Business Loan to pay for staff training, renovations or almost anything else they need done quickly. Driven has no restrictions on how you can use your business loan.<\/p>
The basic eligibility requirements to qualify include the following:<\/p>
If you meet those qualifications, you can apply on Driven\u2018s website.<\/p>
The application process is simple and streamlined, taking less than 10 minutes to complete if you\u2019ve already got your information on hand. It only requires basic information before a representative from Driven contacts you with further details. Driven can give instant pre-approval and funding within 24 hours. However, to get a decision quickly, you\u2019ll need to connect your online banking information through an encrypted portal.<\/p>