A Business Loan is a debt by an entity to another entity at an interest rate and evidenced by a note, which specifies the principal amount, interest rate, and date of repayment. The loan is provided at a cost called an interest rate on the debt, which provides motivation for the lender to enter into such an agreement. In a legal loan each of these obligations and restrictions is enforced by a contract, which details the agreement and places expectations to be met by the borrower and lender. .
Equipment Vine will have you connected with a qualified lender within 72 hours of submitting you application. Because our loan origination process requires lenders to bid on your application, only the lenders offering the best terms will be contacting you. Avoid having to speak with dozens of different lenders, submitting application after application, and have your credit score damaged with each hard inquiry. We use one application, one credit report, and field offers from a nationwide database of lenders to make finding a business loan quick and easy.