Founded in 1999 and based in Woodland Park, New Jersey, IndyBanc is a loan management company that also functions as a financial market expert for consumers seeking advice.
For the purposes of this review, we’ll discuss IndyBanc’s business loans, but consumers should be aware that the company also offers the following products and services:
IndyBanc is flexible with how you can use your loan, stating that loans can be utilized for business expansion, inventory procurement, payroll management, or nearly any other purpose required by the business.
IndyBanc’s business loans requirements are realistic and minimal in comparison with traditional banks and some other business lenders.
The requirements include the following:
The documents needed include the following:
IndyBanc goes beyond what many nontraditional business lenders can provide by offering mortgage and other real estate assistance. IndyBanc is equipped to meet most real estate needs of businesses, whether financing is for a new construction, a new purchase, or a flip. And the company will work with lawyers, realtors, and sellers throughout the process as needed.
It’s unclear what types of business loans IndyBanc offers beyond invoice factoring, business loans secured by real estate, and short-term commercial loans, which are specifically listed on the website.
So if you’re looking for a certain type of business loan, the company may or may not be able to deliver one or more of these specific loan types: