- Requires at least 1 year in business
- High monthly revenue of $15K
Big Think Capital at a glance
Online experience
Customer services and support
Variety of loan types
Loan amount range
Eligibility
Overview
With Big Think Capital, you can access the Financial Services Marketplace to get a great loan rate for your business. You will be guided to the loan process once your application has been completed in a timely manner. Big Think Capital has the greatest network of credit available to all companies in the country, allowing it to obtain maximum approvals for each business.
Why Big Think Capital Is Good For Your Business
Big Think Capital can help you save time and money while looking for a decent business loan rate. You'll also be guided through the process and have access to loans for a variety of company needs. Big Think Capital's lending options are best suited to small enterprises, albeit you must have been in operation for a certain amount of time (the precise term depends on the loan you ask for). Furthermore, once a connection with the lender of choice is established, firms will have access to cheaper rates and better conditions as they seek further financing.
Loan Features
Through Big Think Capital’s financial services marketplace, you can access a variety of loans. Which loan is right for your business will depend on the amount you need, the characteristics of your business, and the terms you prefer.
- Business Line of Credit: This can be used for any purpose.
- Equipment financing: This is only for acquiring equipment. The equipment serves as security for the loan (if you are unable to repay, you must return the acquired equipment).
- Invoice financing: Access quick cash if you have unpaid invoices.
- Merchant cash advance: Unlike a traditional loan, you can repay a percentage of each sale. This can be a slower way to repay, but may be more manageable than normal loan repayments.
- SBA loans: SBA loans are long-term, low-interest loans and partially guaranteed by the government. They can be used to purchase fixed assets such as real estate or equipment.
- Short-term loans: A smaller loan from a credit union or smaller institution with a shorter repayment term but usually less strict requirements.
- Small business startup loan: Loans suitable for small startups, including business credit cards and equipment financing.
- Term loan: A flexible loan that can be used for most purposes.
Application Process
You may apply through the internet by completing a few questions about the loan amount you want, the turnover of your firm, and your credit score. If your responses indicate that you are likely to be eligible for offers, a funding manager will take you through the remainder of the entire application.
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Big Think Capital will review your application and distribute it to lenders in its network. It will then present the resultant offers in an easy-to-understand format, allowing you to select the best offer for you. You may choose your lender, and Big Think Capital will assist you with the remainder of the procedure until you receive your cash.
How Much Can You Borrow?
Although the amount you can borrow will vary depending on the conditions of your business, Big Think Capital normally provides loans ranging from $10,000 to $1,000,000.
Repayment Terms
The repayment terms will be determined by the sort of loan you want and the offer given by your selected lender. You will most likely be provided the following:
| Loan type | Term | Interest rate |
|---|---|---|
How Safe Is It?
Big Think Capital protects your data both electronically and physically with government-compliant measures. Employees are also taught how to keep consumer information secure.
Help & Support
Big Think Capital is able to be reached via phone, live chat, or through their website's contact form.
Summary
Big Think Capital expedites and simplifies the process of obtaining a company loan by submitting your application to a network of lenders, allowing you to select the loan that is best for you. Furthermore, the experts will walk you through the whole financing procedure. If you're a small company owner who is too busy to study and apply to a large number of different lenders, this might be a perfect alternative.
Physical Address
225 Broadhollow Road
Melville, NY, 11747
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