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This unsecured business loan by Banjo has a minimum borrowing amount of $20,000 with a maximum of $1,000,000. Loan terms are short, ranging from 6 months to 3 years. Banjo’s application process is quick, and funds are disbursed within 24 to 72 hours. Your interest rate will be determined by the health and qualify of the business and the purpose of the loan. An upfront origination fee up to 3% applies for loans with a 36-month term. This fee is less, depending on the length of your term. As an example loan of $1,000,000, with a 36-month term, your monthly repayment may come up to $45,000, with the loan costing a total of $1,620,000.
up to 3% for the 36 month loan term
Upfront Fee
$1,000,000
Max. Loan Amount
6 months to 3 years
Loan Term
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Product Name | Banjo Business Loans |
---|---|
Min. Loan Amount | $20,000 |
Max. Loan Amount | $1,000,000 |
Loan Security | Unsecured |
Upfront Fee | up to 3% for the 36 month loan term |
Loan Term | 6 months to 3 years |
Requirements |
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Applying for financing through Banjo Loans involves you filling out a simple online form. As part of the process you'll need to provide various key details, including your accounting information, which can help you be approved for a loan.
If you're approved, you'll receive the funds within 72 hours. You can then manage your loan using the Banjo dashboard.
The features of Banjo's small business loan include:
As larger loan amounts are on offer, it's important to only apply for as much as your business needs. You will receive a full list of fees and a rate when you apply. Be sure to review these carefully to ensure your business can afford the loan.
Applying for a Banjo Loan is easy, and to get started you can click "Go to Site". The following eligibility criteria will need to be met:
If you meet the above criteria you are eligible to apply. Make sure you have these on hand to complete the online application:
Banjo loans offers a flexible solution for small businesses to consider, but as there are many financing options on the market, make sure to compare your options before you apply.