Mortgage Warehouse Lending | Origin BankSo, you’re thinking about applying for a loan from Lending Warehouse. That’s great! We are here to help you grow your business. But before you start, you should know a few things. So, here are eight things you need to know before you apply for a loan from Lending Warehouse.

Eight Things You Need to Know Before Applying for a Loan at Lending Warehouse

A lending Warehouse is a great place to get a loan. Here are ten things you should know before applying for a loan from Lending Warehouse:

  • We Fund Small Businesses, Not Startups:

Lending Warehouse is a small business lender providing funding to already up-and-running businesses. We do not provide funding to startups. However, if you have been in business for at least six months and have a minimum monthly revenue of $10,000, you may be eligible for a loan from us. 

  • We Have 3 Loan Products: 

We offer three loan products: short-term loans, merchant cash advances, and business lines of credit. Short-term loans have terms of 6 to 18 months and fixed weekly or daily payments. Merchant cash advances are based on a percentage of your future sales and have 4 to 24 months terms. Finally, business lines of credit give you access to up to $100,000 that you can use whenever you need it and only pay interest on the amount you borrow. 

  • The Application Process is Easy and Fast:

Applying for a loan with Lending Warehouse is easy and fast. You can apply online in just minutes, and we will let you know if you are pre-approved within one business day. If you are pre-approved, we will then send you a list of required documents so that we can underwrite your loan. 

  • There is No Collateral Required: 

That’s right – no collateral is required to qualify for a loan from Lending Warehouse! This means you will not have to risk your home or car if you default on your loan payments. 

  • We Offer Competitive Rates: 

At Lending Warehouse, we offer some of the most competitive rates in the industry. Our short-term loans have rates as low as 8%, our merchant cash advances have rates starting at 20%, and our business lines of credit have rates starting at 10%. 

  • There are No Prepayment Penalties:

If you want to pay off your loan early, we encourage it! There are never any prepayment penalties when you borrow from Lending Warehouse – meaning that you will save money in interest payments if you pay off your loan early.

  • Funding is Quick – In as Little as 48 Hours!:

Once approved for a loan, funding is quick – often in as little as 48 hours! This means you can get the money you need to grow your business quickly.

  • We Have an A+ Rating with the BBB: 

Lending Warehouse is a proud member of the Better Business Bureau, and we have an A+ rating. This means that we are a reputable and trustworthy company that you can count on.

Conclusion:

Applying for a loan from Lending Warehouse is a great way to get the funding you need to grow your business. We offer competitive rates, quick funding, and an easy application process. Apply today!

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