Expand Your Business
While traditional small business loans look at the financial statements of your business, our personal loans are based on your credit score and issued to you as an individual. You won’t need to refinance your home or put up any collateral to get the funds you need.
Want to expand your business?
While traditional small business loans look at the financial statements of your business, our personal loans are based on your credit score and issued to you as an individual.
You won’t need to refinance your home or put up any collateral to get the funds you need.
You can get your funds in as little as a few days.
All without having to visit a branch.
About Borrowell’s Small Business Loans
Borrow up to
from 5.6% APR
in 60 seconds
No hidden fees—
pay back anytime
with no penalties
Learn How Much You Can Save
Calculate Savings vs. A Credit Card
Credit card calculations assume a fixed monthly payment of 2.5% of the current balance. Making only the minimum monthly payment could mean it will take longer to pay off your credit card(s). You should refer to your credit card statements for payment information. The Borrowell interest rate is an estimated annual percentage rate (APR) including the origination fee. Your rate may be different. Borrowell does not guarantee applicability regarding your individual circumstances.
Based on your credit profile, not the track record of your business.
It’s hard for an entrepreneur to be judged on their track record when they don’t have a track record if they’re just getting started. And the startup of any new business is often the most challenging time, when you need the most help.
So Borrowell doesn’t worry about your business history. Your small business loan is based on your personal credit score and issued to you as a person, not your business.
No collateral? No problem.
You don’t need to refinance your home, take out a second mortgage or put up any collateral to get the funds you need. Unlike a home equity line of credit, you don’t need to be a homeowner. Your loan is unsecured and the interest rate and loan amount depend on your credit profile, not the amount of equity in your home or the assets you have.
Need A Personal Loan For Your Small Business?
We know people who’ve relied on credit cards to get their business up and running. And while we admire their entrepreneurial drive, it’s hard enough to start a business without paying the same interest rate as everyone else. Loans with Borrowell offer interest rates personalized for you, based on your credit history. You’ll pay off the whole amount of the loan over the 3 or 5 year term – or even sooner if you decide to make extra payments, which you can do without any early repayment fees.
Personal loans can be a great alternative to traditional commercial loans when your business doesn’t have a long financial history, or can’t currently provide the documentation and analysis a bank requires to fund a small business loan. The personal loan is issued to you as an individual, based on your credit, and it gives you a little more flexibility in moving your business forward.