What loans Loans America offers
In an effort to streamline the process, the lender keeps things simple with just two types of loan on offer; a general small business loan, and a merchant cash advance. However, under certain circumstances, other loans may be available, but you’ll need to contact the provider to find out more details.
How Loans America works
As a loan connection service, Loans America doesn't disclose any terms and conditions before you apply. Your offer will ultimately be at the discretion of each individual lender, and your terms will be decided based on your credit score, length of time in business, and current cash flow status. You should bear in mind that different lenders will have different fees and charges, so make sure you thoroughly read the loan contract before signing up.
Although very little information is given upfront, the provider does say that flexible terms are available, and there are no restrictions placed on what you’d like to use your loan for.
How do I qualify for Loans America?
No qualification criteria are listed on the website, and all applications are encouraged. This doesn’t necessarily mean this is a bad credit-friendly provider; some lenders may have strict requirements while others don't. The only way to see what you’re eligible for is to submit an initial application.