Small Business & Start Up Loans | LoanMe FAQ

Business Loan FAQs
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Are LoanMe's Small Business Loans available in every state?

No, LoanMe's Small Business Loans are currently available in

What type of business can qualify?

Any type of business is eligible for the LoanMe Inc. Business Loan, ranging from a home-based consultant to internet based companies. Sole proprietorships are also eligible. You must be in business for a minimum of two months with income and sales, be in a for-profit industry, and have a business bank account.

What can the loan be used for?

The loan can be used for nearly any business purpose, including start-up financing, working capital, equipment financing, purchasing inventory, and hiring new staff.

Do you run a credit report on the owner of the business?

Yes. We will run a credit report on the owner of the business in the application stage. Also, we will report monthly performance to the personal and business credit bureaus.

What other payment methods does LoanMe accept?

In addition to automatic monthly deductions from your business checking account, other forms of payments include, but not limited to: check, cashier's check, and ACH. Please contact us at 844-764-7368 for more information.

 
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