Loan Details

Information About NewLogic business loans

NewLogic business loans are a smart way for you to handle business financing. Taking the best of traditional business loans and offering options on payments, you can finally enjoy business financing that stays focused on your business.

The following are specifics pertaining to NewLogic business loans:

NewLogic business loans are currently available to businesses in all of the following states:
Alaska, Alabama, Arkansas, Arizona, California, Colorado, District of Columbia, Florida, Georgia, Hawaii, Iowa, Idaho, Illinois, Indiana, Kansas, Kentucky, Louisiana, Massachusetts, Maryland, Maine, Missouri, Mississippi, North Carolina, Nebraska, New Hampshire, New Jersey, New Mexico, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, Texas, Utah, Virginia, Washington, Wisconsin, West Virginia, and Wyoming.

Businesses

Businesses in many diverse industries could benefit from a NewLogic business loan. There are some business types that NewLogic will not finance, and these include (but are not limited to) borrowers in the adult entertainment, gambling, real estate mortgage or collections industries.

Requirements

At a minimum, to qualify for a NewLogic business loan, the applicant:

  1. Must have had the same business ownership at the same location for a minimum of two years.

  2. Must process a minimum of $5,000/month in credit and debit card sales.

  3. Must be current with the landlord.

  4. Must be organized and located within the United States and operate in one of the states currently served by NewLogic.

    5. In addition -

  5. A NewLogic business loan can only be used for a business purpose, and NewLogic will only offer loans to businesses (not consumers).

  6. NewLogic will only offer a business loan to a business whose owner(s) do(es) not have an open bankruptcy or a bankruptcy resolved within the 12 months prior to the receipt of the application.

  7. All NewLogic business loans will include a personal guarantee of repayment.

  8. An owner's damaged credit history is not an automatic disqualifier for the business. We make loans to businesses whose owners have credit scores from 450-850.

Ready to apply? Keep it simple: Click Here

*See Business Loan Agreement for terms and conditions governing payment terms.

How Much Working Capital Could Your Business Qualify For?

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