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Wise Business Loans offers funding of up to $2,000,000 to small businesses in over 725 industries. Find out how this online business lender stacks up to other providers offering business financing and how you can apply today.
$10,000
Min. Amount
$2,000,000
Max. Amount
Product Name | Wise business loans |
---|---|
Min. Amount | $10,000 |
Max. Amount | $2,000,000 |
Min. Credit Score | 500 |
Requirements | You must have been in business for at least a year with annual revenue of at least $100,000 in the past 12 months. You must also have a personal credit score of 500+. |
You must meet three general points of eligibility in order to qualify for a Wise Business Loan:
Wise Business Loans, offered through Sunwise Capital, can provide the opportunity for business owners who may have been turned down from traditional banks to get the funding they need. Wise Business Loans was founded after its owners found themselves unable to get the financing they needed to grow.
Providing services all across the US, the lender uses a performance-based model that makes fair financing available to business owners who previously were denied a traditional bank loan.
Wise Business Loans can be used to expand a business, provide working capital, manage cash flow and more. The lender operates in all 50 states and provides funds to businesses in over 725+ industries.
The lender analyzes more than an owner’s credit history, taking into account the business’s overall cash flow to determine rates and loan terms.
The three main points of eligibility for a Wise Business Loan are you must have:
To initially apply for a Wise Business Loan, you’ll complete a simple one-page online application with:
Additional information may be requested in order to disburse funds after you’ve been approved for your loan.
As with any business loan, you’ll want to keep on top of your payments to avoid unnecessary interest and late charges. This is especially important with Wise Business Loans, which come with daily loan repayments, most likely automated withdrawals each day you carry the loan balance.
Wise Business Loans could be a way for you to get the funding you aren’t able to get from a traditional bank. But it comes with a few major drawbacks that include daily loan repayments, which could eat into your bottom line. Be sure to explore your other business financing options, including lenders like Wise Business Loans that may not require daily repayments.