iBusiness Funding Business Term Loan
What iBusiness Funding publishes: "Borrow what you need up to $500K and pay it back over time with simple terms and no surprise fees. Loan Size: $25,000 to $500,000. Loan Term: 6 months to 5 years. No upfront costs or prepayment penalties. Fixed, once-monthly payments."
No APR, interest rate, 'as low as' or factor rate is published for the term loan anywhere on ibusinessfunding.com (checked homepage and /business-loans including footnotes).
The rate you are offered is set by iBusiness Funding after you apply on its site. It depends on your credit history, income, loan amount and term, and may be higher than the lowest rate shown here.
| Loan amount | $25,000 to $500,000 |
| Term | 6 to 60 months |
| Rate type | fixed |
| Funding speed | applying takes minutes; 'several products that can provide same-day approval when documentation is complete and requirements are met' |
| Origination fee | No upfront costs (page wording); origination fee not otherwise stated |
| Prepayment penalty | No |
| Late fee | Not stated |
| Minimum credit score | Not disclosed |
| States | Not stated |
| Membership | Not required |
"Minimum credit score requirements vary by lending product. Lending products serviced on our platform have minimum FICO scores as low as 500. However, most of the bank lenders — including those offering conventional and SBA-related products — require a minimum FICO score of 680."
- Origination fee No upfront costs (page wording); origination fee not otherwise stated
- Funding: applying takes minutes; 'several products that can provide same-day approval when documentation is complete and requirements are met'
- Borrow up to $500,000
- No prepayment penalty
| Legal name | iBF Capital Hub, LLC (subsidiary of iBusiness Funding, LLC, a division of Ready Capital Corporation) |
| Type | Online lender |
| Website | https://www.ibusinessfunding.com |
Other iBusiness Funding offers on Banrox: iBusiness Funding SBA 7(a) Loan (Small and Standard).
Third-party lenders
Loan offers are provided by third-party lenders. Banrox is a technology company and is not a lender. Banrox does not take loan applications, make credit decisions or fund loans.
Compensation
Banrox may receive compensation from some lenders when you click or apply through links on this page. Compensation does not affect the rates shown, which are taken from each lender's public website as of the date displayed.
Rates and estimates
Rates, amounts, terms and fees are shown as published on the lender's website on the date marked above and may change without notice. The payment estimate uses the lowest APR the lender publishes and excludes origination and other fees; the lender's own disclosure governs. Nothing on this page is an offer, a rate quote or a commitment to lend.
