Some Insights On Level-headed Products Of Alternative Business Loans

The company works with experienced investment companies with a proven track record and only approves 5% of deals. Groundfloor offers loans from $25,000 to $2 million with financing of up to 90% of LTC, closings in as few as seven days, no payments during the loan term, and no tax returns or bank statements required for loans under half a million. Interest rates range from 6% to 26%. Borrowers must pay a minimum of three months of interest even if they pay off the loan sooner. Typical closing costs are $500 to $1,500, and Groundfloor charges two to four points per loan. All points and fees

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