Noble funding is one of the best customer service choices because they go above and beyond to help their customers. Since its inception in 2005, Noble Funding has provided more than $500 million in small business loans. The company has been certified by the Better Business Bureau for more than a decade and has earned excellent reviews Trustpilot.
Noble Financing offers business borrowers a wide range of loan types, periods, and sizes. Additionally, there are no upfront costs and requirements are flexible, both customer-friendly aspects we look for when evaluating lenders.
Requirements for Noble Loan:
- The borrower must have an active bank account in his name or in the name of the company that will be used to transfer the loan.
- The borrower will begin repaying the loan three months after the transfer.
- Before the legal action begins, the borrower will be given three months to repay the principal loan amount. Plus interest after the agreed loan term.
- If the borrower fails to repay the loan within the due date/period. Then the company lawyer will take legal action against them.
- You must inform the loan company of any changes in your circumstances and notify them immediately if your home address or postcode changes.
- There is no penalty for prepayment.
- The interest rate is between 2 and 5 percent regardless of the size of the loan.
- From the moment of the loan request, it takes from 1 to 3 working days.
- The loan amount varies between $10,000.00 and $10,000,000.00.
- The loan term ranges from one month to thirty years.
- must have at least a 51% ownership position in the company and have no bankruptcy or lien on its assets.
Apply for a loan
To apply for a loan with Noble, you must first get a quote by contacting the company online or over the phone. A lending professional will evaluate your business’s financial history and future possibilities to determine which financing option is ideal for you. Then they will make you an offer.
This is a more thorough process than simply completing an online application and receiving approval within hours, as lenders such as Rapid Finance and SBG Funding can do.
Noble wants to make sure you are in the right loan product because they have many. This lender sees you as a long-term partner and wants to continue funding your needs for years to come. Then you’ll need to offer information about your business, financial records, and proof of ownership as you interact with the loan specialist.
Noble Financing sets itself apart from its competitors by its ability to engage with a diverse range of borrowers. Noble wants to do business with you whether your credit score is 500 or 750. It doesn’t get more welcoming than that.
What are the requirements for a commercial loan?
A commercial loan is a loan that a financial institution gives primarily to a business. People typically use business loans to finance long-term asset purchases or to cover day-to-day operating expenses. Here we will walk you through the requirements for acquiring a commercial loan.
This article was published by: Floyd Albert by title: How to apply for a Noble Loan
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