1. What will happen when my application for Business Loans is approved?
Remember this is a no obligation application, You can analyze whether the rates and terms of the loan are suitable for you and your business.
2. What you need to know about Orbit Business Loans?
Orbit business loan is a company which help business owners get loans both secured and unsecured. These loans are available for all businesses whether it's small or big, new or established. These types of loans assist the business owner in all circumstances.
3. How long does the loan process take from beginning to end?
As soon as you fill the application, your application is approved within 48 hours. It hardly takes 3 days to get your loan amount after approval of your loan application.
4. Is my information secure?
Yes, of course. Your information and details are totally protected by us. We use 256 bit encryption for it. You can also check the secure logo on the application pages on our website. We are equally concerned of your private information and work hard to protect it.
5. When do I make my first payment?
Your first payment is due 45 days after you receive your loan.
6. When will I find out if I pre-qualify or not?
Once your application is received we can pre-qualify you in as little as 20 minutes.
7. What types of documentation do I need to provide?
The need of documents depends on the type of loan and the amount of money you apply for. We do our best efforts to make the process short and simple.
8. If I have a credit history that is limited, am I eligible?
Absolutely, Your credit is not the only factor we look at when determining your qualification. Our loans are based on your business cash flow as well. We always try to keep all the paperwork to minimum and complete the process fast. We both are benefited if this process is quick and simple.
9. If I have bad credit or a bankruptcy, can I still apply if I have a co-signer who does have good credit?
Yes, you may apply with your friend or relative as a co-applicant, if you have bad credit or bankruptcy but only if you have had a bankruptcy during the last 10 years or less.
10. How much can I borrow at this time?
How much funds you can borrow, is much depends upon the credit rating and history, previous credit limits, your residence status, income and gross sales. The better you are on all these parameters, the higher amount can be borrowed.
11. If I pay off my loan or line of credit early, is there a pre-payment penalty?
NO! Not as such. Orbit business loans only lend you money from those lenders who do not stick you with a pre-payment penalty. Orbit Business is here to reduce your tensions and not to add more to it. You may continue with the loan as long as it is convenient to you. You can pay it at any time when you feel comfortable.
12. Why should I use Orbit Business Loans for my loan instead of applying with the lenders myself?
We are a team of experienced analyst and have developed a good understanding with our lenders. If you apply through us we will provide you the funds in shortest time and make the process as easy as possible. It will be more beneficial for you to get the loan through Orbit Business Loans. Each lender has a different criteria we will analyze your paperwork and get your business the funds it needs. Applying with the lenders itself is a big mistake, It will consume lot of your time and money.