Ultra Low Rate Program

Well Qualified Businesses 

Equipment Loans for businesses below the prime rate of 8.5%.
Simple interest rate of
4.4% with an 8.49% APR.

Businesses must meet the following guidelines to qualify for below prime rate pricing. For businesses that do not meet his criterium, there are similar programs with rates almost as low.

  • Business open at least 7 years
  • All company owners must have a 740+ FICO score
  • Acceptable equipment for collateral
  • Low usage on credit cards and other revolving debt
  • No prior bankruptcy
  • Similar sized loan amount on credit bureau
  • $175,000 of monthly deposits in business bank account
  • Seven loans on credit report with excellent repayment history
Get low rates on business loans
faq

Frequently Asked Questions

 

What if I don’t qualify for the Ultra Low rate program?

Loanesta offers a variety of programs with competitive rates, even if you don’t qualify for our ultra-low rate program. While our goal is to provide every business with rates below the prime rate, we must also consider risk factors to ensure the sustainability of our business. We take pride in offering low rates tailored to the specific risk profile of each business, often going above and beyond what traditional banks are willing to do.

  • Loanesta extends approval to companies with challenging credit histories.
  • Loanesta approves new businesses, sometimes even before they open.
  • Loanesta approves loans for companies that struggle to demonstrate revenue and profit.
Why are Loanesta’s rates for small businesses lower than the competition?

Loanesta’s rates are lower for small businesses because we prioritize excellent customer service, offer competitive rates, and approve financing that banks often decline. We believe that by providing exceptional support and the necessary resources, small businesses will remain loyal to us throughout their growth. Our confidence in treating clients well ensures long-term partnerships, which is different from the transactional approach of traditional banks. This strategy has proven successful for us.

My company went through a rough patch, and both my personal and company credit took a hit. Can Loanesta help?

Loanesta can assist companies with very poor credit. Due to the lack of a solid credit history, we may request the last three business bank statements to verify your company’s viability. Occasionally, we can provide financing without good credit and without bank statements, but these cases are rare.

My company is a startup and hasn’t opened its doors yet. Can I be approved?

We approve new businesses all the time. However, due to the inherent risk of new ventures, we generally prefer to see better credit scores. Occasionally, we do extend approval to new businesses with poor credit, but this is rare. We need a compelling reason to believe we’ll recover our funds.

Can I call to discuss my business with you and see if you can help?

We are always happy to speak with business owners to explore available options. Our goal is to support as many small businesses as possible because we understand that, with the right capital, most businesses have a strong chance of succeeding. We seek to build long-term partnerships, and once you start working with us, you’ll want to stay with us as your business grows into a juggernaut. Businesses remember who helped them when they were struggling and couldn’t find financing elsewhere.

let’s work together

Let’s grow your business together with
hassle-free capital from Loanesta.

Simplify your financing with Loanesta and focus on building your business, free from lengthy loan processes.

let’s get started