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There are only two fees: a flat origination charge starting from 1.forty nine{098d35ab963ece0acba9dddbf5ff9782b500996abf39a67c308885c16f80b29f} to four.ninety nine{098d35ab963ece0acba9dddbf5ff9782b500996abf39a67c308885c16f80b29f}, and a flat late payment price equivalent to 10{098d35ab963ece0acba9dddbf5ff9782b500996abf39a67c308885c16f80b29f} of the missed cost. Funding Circle requires annual revenue of more than $a hundred and fifty,000 and a minimum of two years in enterprise (one of which must have been worthwhile). Both business and personal tax returns in addition to business financial institution statements are required to apply (even more documentation is required for loans over $300,000).
Borrower qualifications: Credit rating isn’t the only issue considered when granting a mortgage. Borrowers are considered on a case-by-case basis, and Currency Capital critiques many components when making a loan. Application and approval will also be daunting — you’ll want …
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