Terms and Conditions

Loan Eligibility:

• Business Requirements: Applicants must operate a registered business within the 50 United States + DC.
• Operational History: Businesses should have a minimum operational history of 3-6 months.
• Monthly Revenue: Minimum monthly revenue of $5000 generated by the business.
• Credit Score: The business owner applying for the loan must have a minimum FICO score of 550.
• Industry Restrictions: Certain industries might be ineligible for the loan as per Belmont Franklin Group’s policy.

   

Loan Details:

• Loan Amounts: Range from $3,000 to $500,000, subject to eligibility and assessment.
• Repayment Terms: Repayment terms vary from 13 to 52 weeks, contingent on the loan amount and agreement.
• Repayment Method: Automatic withdrawals from the business’s bank account based on agreed-upon terms (daily, weekly, or monthly).
• Early Repayment: Early payoff might incur fees based on the original loan term unless an early payoff discount is applicable.

   

Loan Process:

• Application: Completion of an online questionnaire or communication with a Business Funding Expert to determine eligibility.
• Approval: Conditional approval based on the assessment of business health, credit history, and other factors.
• Documentation: Submission of required documents, including business bank statements and additional paperwork as necessary.
• Funding: Upon approval, funds are transferred directly into the business’s bank account, usually within one business day.

   

Privacy and Security:

• Confidentiality: Protection of personal and business information provided during the application process.
• Security Measures: Employment of high-level security protocols (e.g., 128-bit protection) to safeguard sensitive data.
• Credit Checks: Clarification that the application process might involve credit checks that could impact credit scores.

   

Renewal and Additional Funding:

• Renewal Option: Businesses meeting specific criteria may be eligible to renew existing loans every 30 days.
• Additional Funding: Possibility of accessing additional funding based on specific terms, typically without external loans from other providers.

   

Disclaimer:

• Liability Limitation: Explanation of the extent of liability and responsibility on the part of The Belmont Franklin Group regarding loan provisions.