Preferred Funding Group
109 W Main St, Dundee, IL 60118
https://preferredfundinggroup.wufoo.com/forms/r16maguc0g98xqr/
Internal Reviews
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Total loans closed with Loan Factory
17,923
Total loans closed with Loan Factory (past 12 months)
14,516
Lender overview
Basic information
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Lock policies & Fees
Lock Policies
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No
Lender's niche & Overlays
We do not look at collateral, time in business or business revenue.
Great for startups and no industry restrictions.
Loans come from major banks and credit unions.
Unsecured Fixed Term Loans: $25k - $500k
9-15%
5-7 year terms
No prepayment penalties - great for a Bridge Loan
Funded within 10 business days
Business & Personal Credit Cards: $25k - $150k
0% for 6-12 months
Stated income - we only look at the credit report. No income verification needed.
Docs we look at to give a pre-qualification:
FICO 8, tri merge credit report showing 680+ across all 3 bureaus.
Last 2 years of personal tax returns, form 1040, showing $50k in adjusted gross income.
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Lender turn time
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