LoanBuilder, A PayPal Service was built by Swift Financial and has been in business since 2014. The company’s mission is to help businesses get the right funding quickly by letting them design loans that fit their unique needs to get approved based on how they manage their business.
- Reasonable Fees
- Quick Funding Time
- Covers All 50 States
LoanBuilder has a one-time, fixed-fee payment system that is designed to work with businesses. The company has no origination fees, no stacking fees, and no hidden fees as well. LoanBuilder uses your estimated Business Credit Health to set your Total Interest Percentage range. LoanBuilder will give you your Business Credit Health score for free by answering a few questions about your business and personal credit. This process will not affect your personal credit.
Quick Funding Time
LoanBuilder can deliver funds to you in as little as one business day, which is really fast and convenient for customers. This is a feature that really benefits customers who are needing quicker loans and don’t want to hassle with waiting around to get funded.
Covers All 50 States
LoanBuilder is available to customers in all 50 states. This is very convenient for any customers that want to use LoanBuilder, but aren’t directly near the offices LoanBuilder has in Delaware and Pennsylvania. LoanBuilder is a company that can work with customers all over the country and still best serve them.
- Time in Business
- Limited Customer Service
Time in Business
LoanBuilder has only been in business since 2014, which makes it one of the younger competitors in the industry. Not only is LoanBuilder a newer business loan company, but the company’s website also doesn’t have a lot of information on it, which makes it hard for customers to get to know LoanBuilder. Customers will need to call LoanBuilder if they are wanting any information. This can be inconvenient for customers who are wanting to compare prices and features.
Limited Customer Service
LoanBuilder only has one way for customers to contact customer service. If customers are wanting to know more about LoanBuilder, the only option they have is calling the company’s phone number. There is no chat feature on the website or email to contact customer service with, which can be inconvenient for customers. Because LoanBuilder has a lack of information on their website, the company would benefit from offering different ways for customers to contact their customer service.