a. iBusiness Funding does not charge an application fee - applying comes at no cost and obligation to you. However, do be aware that this does not include your loan’s final closing costs.

a. The APR for our business term loan will vary depending on creditworthiness and the term length selected, meaning that there’s no set rate for every customer. Apply today to find out what rate your business may be eligible for!

a. In most cases, no. Typically, our application only requires a soft pull on your credit, meaning that your overall credit score won’t be affected by applying.

a. Some term loans do require collateral, such as personal or business assets, based on your lending partner and the duration of your loan. While it is always best to check with your Account Manager, most long-term loans (those between 3 and 5 years), which can be used for a major investment such as an expansion, may require some type of collateral.

a. Term loans are repaid with fixed payments over a fixed period of time (the “term”) - anywhere from six (6) months to seven (7) years - in monthly installments.

a. iBusiness Funding proudly allows prepayment on your business term loan, with no prepayment penalty whatsoever.

a. Our pricing structure is simple and transparent. We won’t try to nickel-and-dime you by tacking on surprise fees.