Idea Financial is an online financial lender that serves medium to small sized businesses. This company is based in Miami in South Florida and is an offshoot of a European bank named Idea Bank, which offers banking products to businesses in Poland and other parts of Europe. Idea Financial claims to uphold financing expertise, the latest technology, and better customer service. It is a registered trademark of Idea 247 Inc, and mainly provides lines of credit.
The prime funding solutions of the company constitute lines of credit and accounts receivable financing. Based on the creditworthiness of clients, the annual interest rates can land anywhere from 11.99% to 29.99%. Clients are charged fees when withdrawing funds via line of credit from this company. The amount of this can extend up to $ 250,000 with a repayment term of 12 to 18 months. Unpaid invoices can be unlocked with accounts receivable financing. After that, there are provisions to get paid prior to the due date of the invoices.
As per the assessment of Trustpilot calculated in April 2019, this company is ranked 126 out of the total non-bank finance institutions, and its TrustScore falls at 9.1 out of 10.