Lendinero has added new funding channels to help businesses that are seeking financing for short-term purposes. Lendinero launches business interest rates as low as 6% with a repayment of 1 year. This new program may help business owners who have daily payments that are paying 20% to 50% on annual basis. To qualify for this program business borrowers need:

  • 2 Years in Business with annual sales in excess of $240,000
  • A credit score of 640 or above
  • Last 2 years of profit to loss statements and balance sheets
  • Year to date profit to loss statement and balance sheet
  • A net profit margin ranging from 5% to 15% to cover the monthly payment
  • 6 months to 12 months of corporate bank statements with positive close out balances

This is a great program for business owners who can qualify.  The requirements are less stringent than most banks and the business interest rates as low as 6% can help any business increase earnings.  If you don’t qualify there are other options available to you. To apply and learn about business interest rates as low as 6% write to: contact@lendinero.com