How to apply for a loan?
After clicking the "Apply Now" button, a user will need to fill out an online form providing information about the loan amount, business turnover, and credit score. If customers are eligible for an offer, a loan officer will help them to complete the application.
After assessing it, Big Think Capital will redirect the application to lenders from its network. Then it will provide them with all possible solutions. Clientele can select their lender, while Big Think Capital will help them through the rest of the process until getting funds.
Requirements
To be eligible, an applicant should:
- Have at least 600 credit score;
- Be at least one year in operation;
- Have a monthly revenue of $15k.
To submit an application, a customer should attach to the application such documents as:
- A Social Security number (SSN);
- Government ID;
- Proof of income and employment;
- Bank account and routing numbers;
- Basic contact information such as full name, date of birth, residential, and email address, phone number.
Depending on the type of loan, customers also have to attach their ACH Account Number and other documents. Applications are usually considered within one or two business days.
The reasons for rejection commonly include inappropriate credit score or revenue, insufficient quantity of years operating in business, and incongruity of documents to the Big Think Capital's requirements.
