Halo Business Finance
Based in Chicago, Halo Business Finance is a financial service company that provides commercial equipment finance and small business loans. Commercial loan programs from this company comprise SBA loans, working capital loans, real estate loans, and vehicle finance and business equipment loans. Trustpilot ranks Halo Business Finance at 265 out of 345 non-bank finance companies. The TrustScore of this company is currently 7.7 out of 10.
Loans availed from Halo Business Finance can be used for debt refinance, franchise, commercial real estate, working capital, business acquisition, machinery & equipment, and bridge financing. Requirements for approval of small business loans include a credit score above 700, documentation such as a borrower factsheet, and financial statements and collateral. Details on cash flow statements would seldom be placed as a requirement. SBA loans offered by this company are unsecured and can be used for buying equipment, expanding a business to other locations, and refinancing existing capital loans. Their typical interest rate varies from 6.25% to 8.75%. Eligibility factors for SBA loans include a credit score of no less than 600, plus the company having been in business for more than 2 years at the time of loan application.