Our Pricing*
Lowest Rates
for customers with excellent
financial health and credit
9%
*Total Interest: Percentage
13.99%
Annual Percentage Rate
Fees
One-time origination fee to cover cost of servicing and processing the loan.
1st loan: 2.5% of loan amount
2nd loan: 1.25% of loan amount
3rd+ loan: 0-1.25% of loan amount
$20 monthly maintenance fee which is waived for 6 months if you draw $5,000 or more in the first five days of opening your account.
There are no fees to draw money
Sample Draw and Payback
On a 12 month, $100,000 loan with 9% Total Interest Percentage, your interest cost is $9000, for a total loan payback amount of $109,000.
On a 6 month, $10,000 line of credit with19.99% Annual Percentage Rate,
your interest cost is $527.27,
for a total repayment of $10,527.27. Your line of credit will be less expensive if you pay
the loan back faster – total payback in a week would be $10,038.44.
*Total Interest Percentage calculates the total amount of interest you pay as a percentage of your loan amount and is not an annualized rate. Annual Percentage Rate calculates the yearly interest percentage you pay based on your average line of credit balance. Both rates exclude any fees. Eligibility for the lowest rates is limited to the healthiest businesses with the strongest cash flows, and typically businesses that have shown an excellent payment history on prior loan products with OnDeck. Lowest rates are not indicative of average rates. For more information 347-450-9091
Call Us: (347) 450-9091#IFA Obama Care Changes: What You Need to Know Now By Andrea Gellert February 20, 2015 Posted in:Blog, Advice The Affordable Care Act has given business owners plenty ofdeadlines and changes to track, on top of the daily work of managing their business. Here’s a quick look at the pertinent changes and deadlines you need to know right now. The Employer Mandate for 2015-16 The Employer Mandate, originally scheduled to begin in 2014, requires that all business with 50 or more full-time workers provide health insurance for their employees. However, the deadlines have been delayed until 2015 and 2016, depending on business size. Businesses with 100 or more full-time equivalent employees must offer coverage to at least 70% of their employees in 2015, and 95% in 2016. Businesses with 50 – 99 employeesshould report on workers and coverage in 2015, but have until 2016 to provide insurance for their employees. Failure to provide coverage by your deadline will
The Le_Meridian Funding Service went above and beyond their requirements to assist me with my loan which i used expand my pharmacy business,They were friendly, professional, and absolute gems to work with.I will recommend anyone looking for loan to contact. Email..lfdsloans@lemeridianfds.com Or lfdsloans@outlook.com.WhatsApp ... + 19893943740.
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