How Small Business
Term Loans Works
– It’s Really Simple:
We’ll approve you for the maximum loan for which your business qualifies. Take as much of that as you can actively use now – and know that the additional funding is there if and when you need it.
You also have the ability to pay in excess funds to reduce your balance, or request an additional draw if you need the extra funding – as you need. Once again, you will only pay fees on the money you have actually accessed.
This allows you the freedom to manage your funding as you wish – and this flexibility means that you can react to changes in your business circumstances as they occur. You’ll have the comfort of knowing that Mulligan is always available to provide you with what you need, when you need it.
When to consider Mulligan’s Business Term Loans
Are you looking for $50,000 to $350,000 with terms ranging from 12 to 36 months and no prepayment penalty? Business Term Loans are particularly well-suited for business owners looking to:
- Purchase equipment
- Buy out a partner
- Remodel or make major leasehold improvements
- Open a new location
- Expand into a new territory
- Launch a significant marketing campaign
- Hire several new employees
- Launch a new product or service
Do You Qualify?
You can be located in any of the 50 states and D.C. You just need to:
- Have revenues in the past 12 months of at least $350,000
- Be in business for at least 2 years
- Be profitable
Take a look
The Ease and Simplicity
of our Process
Thomas PottsWe have just started a relationship with Mulligan and so far everyone has been informative and helpful. With any funding it is important to understand the terms, and so far the process has been transparent with no hidden charges or fees.
Jim TatarFast and easy. Working with Mulligan has been a pleasure, from the initial phone call all the way through the funding process. I would highly recommend this company.
Scott DeweeseAfter numerous calls to lenders, I narrowed my search to a short list. With continued conversation, we got to a loan offer we felt comfortable to use. Our rep was very patient in our search. We feel like we have made the best choice for our business.
Brian HusseyI was very pleased with how quickly and efficiently Mulligan Funding approved my loan and deposited the funds into my business checking account. Everyone I dealt with had a “can do” attitude and committed to follow through with what they said they would do.
01. Is there any obligation or cost to apply for a loan?
No, there is no obligation and no cost whatsoever for the application.
02. Are there restrictions on how I can use my loan proceeds?
No. Unlike a bank loan, you are free to use the funds for anything necessary to run your business. There are no restrictions. As the business owner, we believe you know your business needs best.
03. Will I qualify for a business loan?
You likely qualify for one of our financing options if your business has:
- Been in business for at least nine months
- At least $100,000 in revenue over the last 12 months
- Three months of business banking statements
- No open bankruptcies
If you’d like us to call you,
just complete this short form
Click here to enter the form title
For more information, contact one of our friendly and knowledgeable financing experts today. Give us a call today at:855-326-3564