Jumpstart Finance

• Favorable Loan Rates and Terms
• Little Documentation Required
• Inclusive of Most Business Types 
• Money Available in Less Than Two Weeks

Favorable Loan Rates and Terms

Business owners can borrow up to $250,000 from Jumpstart Finance and use the loan for any purpose, including but not limited to the following: 

• Equipment purchases
• Real estate purchase or rent
• Supplies and inventory
• Purchase down payments
• Digital assets (websites and eCommerce businesses) 

Jumpstart Finance will finance loans at rates as low as 5.99 percent depending on creditworthiness and revenue. Assuming this rate, which is listed on the corporate website, applies to business loans and lines of credit in addition to personal loans, prospective borrowers should know that this advertised rate is much lower than unsecured business loans from competitors, which often start at around 10 percent APR but are generally much higher even with the most favorable credit profile. 

Keep in mind that starting loan rates listed by lenders are not a guarantee of a rate or a guarantee of loan approval. 

Little Documentation Required  

You can skip the detailed business plan when it comes to applying with Jumpstart Finance. The application form couldn’t be more simple, the initial application doesn’t impact your credit score, and you can be pre-approved in as little as four hours from application submission. All information is sent using SSL encryption for your protection. 

Jumpstart Finance wants to know your credit level, loan amount requested, general loan purpose, and your income where applicable. Beyond that, qualified applicants don’t need to provide extensive documentation. 

And, since unsecured loans do not require collateral, you won’t need to pledge your home, car, or other assets to obtain your loan. 

Inclusive of Most Business Types 

As mentioned, Jumpstart Finance welcomes pre-revenue businesses and other new start-ups, making it more inclusive than many of its competitors that will not finance businesses younger than six months. 

Unsecured business loans and lines of credit are available to qualifying businesses in all 50 states and all industries are considered for financing.

Money Available in Less Than Two Weeks 

While it's common for lenders to encounter delays in underwriting, approval, and loan disbursement, Jumpstart Finance provides fast funding. Prospective borrowers can expect to receive their funding in two weeks or less.  

• Risks of Unsecured Loans
• Rates Will Vary 

Risks of Unsecured Loans

While unsecured loans may be less risky for the borrower than secured loans since the lender doesn’t have claim to your assets, there are still risks involved that prospective borrowers should be aware of. 

Since you’re borrowing money on your name and your established credit history, lenders must find other ways to ensure they get the money back if payments are neglected. Laws vary by state, but if you can’t make payments, you may incur additional charges, collection attempts, or damaged credit ratings. 

Sometimes lenders require a personal guarantee with an unsecured loan, which is a statement that in the event you do not make payments, they can then access your assets to recoup the loan. 

Rates Will Vary 

As mentioned briefly, as a borrower you shouldn’t expect to qualify for the lowest advertised rate with Jumpstart Finance or with any business lender. The lowest advertised rates are based on the ideal candidate in regards to creditworthiness, income, and other factors.