--BODY class="classic photos"-->
By providing your business with working capital when you need it, World Business Lenders is also able to offer you a quick loan against real estate in 7 days or less.
World Business Lenders loan's are quick business loans that are revenue-based; however, our Business Loan of Choice (BLOC-3 Program) is real estate based. This application is also a paperless e-App. No bank is involved (except for bank statements) in the approval process which is usually 3 to 5 days; Same day or 48 hrs with LoanMe™! Other loan types we provide are: franchise loans, unsecured business loans; as well as, Business Loan of Choice (BLOC-3 Program), start up loans, micro business loans, commercial real estate loans, and many others! You'll receive a decision fast, usually within 3 to 5 business days.
|CSB SBA, WBL & LME
|Loan amount||$5,000 - $5,000,000||$25,000 - $2,000,000||$3,500 - $100,000|
|Average term||60 months||12-36 months||24-120 months|
|Loan application||4 pages||1 page||Pre-app + Telephone|
|Personal credit score||Heavily considered||Somewhat considered||Minimum FICO Score 500|
|Processing time once the following documents are submitted:||60-90 days||3-5 days||Sameday-2 days|
|6 months of business bank statements||Required||Required||Only 2 months|
|Resume and business plan||Required||Not required||Not required|
|3 years of personal and business tax returns||Required||Not required||Not required|
|Current and projected business financial statements||Required||Not required||Not required|
|Personal financial statements||Required||Not required||Not required|
|Collateral report describing cost/value of personal or business property||Required||Not required||Not required|
|Legal documents including articles of incorporation, commercial leases, and copies of contracts with third parties||Required||Deed to Real Estate Required||Not required|
The information induded on this website is intended to be a guide for marketing purposes. All information provided in this document is subject to modification based on specific loan characteristics. World Business Lenders reserves the right to temporarily or permanently change all guidelines, rates, and other criteria from time to time at its sole discretion without prior notice.
Credit approval is subject to LoanMe™'s credit standards, and actual terms (including actual loan amount) may vary by applicant. LoanMe requires certain supporting documentation with each new application. California loans are made pursuant to LoanMe's California Department of Business Oversight Finance Lenders Law License #603K061. LoanMe also offers loans in certain other states which may have higher minimum loan amounts.