Any payments made in addition to your contractual monthly payment will be applied towards a reduction in the principal balance of your loan. Additional payments towards your principal balance allow you to repay your loan early by reducing the total amount of interest you’ll pay. Full prepayment of your outstanding principal balance, plus any accrued interest or fees, will pay off your loan and bring an end to your monthly payments.
To get through the application quickly and efficiently, have the following information available:
- Business location
- 6 months of bank statements
- 3 months of credit card statements
- Basic voided check – main business operating account
- Photo ID — if there is more than one owner of the business, supply photos for all owners
Call us today on (844) 698-4200 or email us at [email protected] and put your mind at ease as we work together on the best way to finance your working capital needs.