American Loan About Americans Loan What is Americans Loan? Americans Loan is a global business loans platform Established in the United States Of America, to connect businesses in and outside the United States who want to borrow from investors who want to invest in businesses globally. Since launching in 2005, investors across the globe — including more than 90,000 retail investors, banks, asset management companies, insurance companies, government-backed entities, and funds — invested $15.2 billion to 100,000 businesses globally.

We manage everything from reviewing applications to collecting and distributing loan payments and make the entire process quick and easy for businesses and investors alike. We’ve been listed on the United States Stock Exchange since our initial public offering (IPO) in September 2013. Our global leadership team and Board of Directors hold extensive experience from some of the world’s leading financial services companies, including Bank of America, Barclays Capital, Goldman Sachs, and J.P.Morgan.

How did Americans Loan begin? Americans Loan was founded in the wake of the 2003 financial crisis when businesses were struggling and large lenders weren’t offering them financing. many big company had a successful business and first-hand experience with this problem. In spite of their flourishing business, their loan applications were either denied or they were offered untenable terms an astounding 96 times. At the same time, investors were making poor returns. They had a simple idea — let them support each other by investing in successful and growing businesses through Americans Loan, investors can diversify their fixed-income portfolios and access attractive returns. Businesses get fast, easy access to financing to grow, create jobs, support local communities and drive the economy forward. We believe it’s better for everyone. In 2005, we launched the first peer-to-peer lending platform for businesses in the United States. We expanded to the Uk after tripling in size in just three years. Two years later, we began supporting small business in Germany and the Netherlands.

How is Americans Loan different from a bank? Americans Loan is not a bank. Americans Loan uses technology to connect businesses who want to borrow with accredited and institutional investors who want to invest in a new asset class of small business loans. This means we can focus on one thing: giving small business owners an easy way to find a better deal. We underwrite, approve, and fund loan applications and manage the entire loan disbursement and repayment process. To do this, we developed an efficient online lending and investing experience based on our cutting-edge technology and industry-leading risk management models.

We know that time is money for small business owners. While banks can require a lengthy and clunky loan application, our process is quick, easy, and transparent. You can apply for a loan online in just 6 minutes, and get a decision in as little as one business day after submitting your documents. We use cutting-edge technology to review your business’s overall financial health and base our decision on more than just a personal credit score. As a result, our seasoned underwriters can better understand your business and work with you to find terms that suit your needs.

Who regulates Americans Loan? Responsible lending is the core of our business model. As a marketplace, our platform cannot work unless we are acting responsibly with both borrowers and investors. Federal, state, and local regulations govern almost every aspect of what we do. As a United States Finance Lender, Americans Loan’s lending operations are directly regulated by the United States Department of Business Oversight. In addition, Americans Loan’s lending and securities operations are subject to the state laws of each jurisdiction in which we operate, as well as regulations enforced by the Securities and Exchange Commission, the Federal Trade Commission, and other federal agencies.

We work hard to ensure the appropriate systems and processes are in place so we can monitor and comply with all relevant laws and regulations. These include the Equal Credit Opportunity Act (ECOA), the Unfair or Deceptive Acts or Practices rule of the Federal Trade Commission (UDAP), the Fair Credit Reporting Act (FCRA), the Servicemember Civil Relief Act (SCRA), and the Controlling the Assault of Non-Solicited Pornography and Marketing Act (CAN-SPAM Act). Additionally, Loopers Club helped establish associations that uphold high standards of transparency and fair treatment of small business borrowers and investors. Americans Loan leads the Marketplace Lending Association in USA, along with LendingClub, Prosper, and Sofi. Americans Loan also co-authored and was an original signatory of the first-ever US Small Business Borrowers’ Bill of Rights.

Why should I borrow from Americans Loan instead of a different company? Unlike banks, we are solely focused on being the best in the world at providing one service — business loans. Americans Loan’s platform offers a straightforward and transparent process, manageable and budget-friendly repayment schedules and competitive interest rates and fees. We’ve found business owners tend to use Loopers Club for the following reasons:

Working with traditional lenders can require a lengthy, time-consuming application process Small businesses don’t always fit banks’ narrow lending criteria Small businesses may be able to save money by refinancing current debts with a lower-rate loan from Americans Loan Their bank is unable to provide finance quickly to capitalize on fast moving business opportunities, like competitive lease agreements. Our mission is to build a better financial world, and we’re proud that we helped set the first-ever gold standard for responsible business lending: the mall Business Borrowers’ Bill of Rights. Established as part of the Responsible Business Lending Coalition, the Small Business Borrowers’ Bill of Rights works to fight the rise of irresponsible and predatory small business lending and promote responsible business lending Practices across the entire industry. Understanding what business owners need and addressing their problems head-on helps distinguish us from the competition. We surveyed our borrowers (October 10-30, 2020) and 92% (of 216 borrowers) said they would return to Americans Loan for their future business financing needs.

What are the benefits of working with Americans Loan? We’ve taken the best parts of an SBA loan, such as monthly payments and no prepayment penalties, but offer an easier and faster lending process. In addition to making the application process more efficient, we use a technology-driven underwriting process to assess the full financial picture of your business. This means we can sometimes help you get approved for a loan when other lenders turn you down. And when you apply for a loan, we’ll assign you a dedicated account manager to guide you through the loan application and approval process. After submitting the required financial documents online or to your Account Manager via email, you can expect a decision in as little as one business day.

Additionally, we report your business loan payments to two of the major business credit bureaus, Experian and Dun & Bradstreet (D&B), which can help your business build its own credit. This can be an important step in qualifying for additional funding, better terms with vendors, and lower business insurance premiums.

What kind of companies can get a loan from Americans Loan? We’ve helped thousands of established small and medium businesses grow, create new jobs, and stimulate economic growth in their local communities. We fund a variety of established businesses, including veterinary clinics, pharmacies, cosmetics brands, and many.The minimum qualifications for a loan through Americans Loan are:

A personal FICO credit score of at least 660 for business owners No personal bankruptcies amongst the business owners within the last two years Not located in Nevada, due to state lending regulations Operates in an industry other than select industries, including weapons manufacturers, gambling businesses, marijuana dispensaries, and pornography Does Americans Loan work with every industry? No. Businesses in certain industries are ineligible for Loopers Club term loans, including weapons manufacturers, gambling businesses, marijuana dispensaries, and pornography.

Are Americans Loan loans available in all Countries? We offer loans to businesses around the world. Unfortunately, due to the state’s lending regulations, we do not offer loans to businesses located in Nevada at this time.

Where is Americans Loan located? Our head office is located in United State. We also have offices in Poland, United Kingdom, Berlin, Germany, Amsterdam and Netherlands. You can find the addresses and additional contact information on our contact page.

Who provides funding and support to Americans Loan? Americans Loan is a public company listed on the United State Stock Exchange (FCH:LSE). Before our IPO, we’d raised money from Accel Partners, DST Global, Index Ventures, Ribbit Capital, Sands Capital Ventures, Temasek Holdings and Union Square Ventures.

Americans Loan Term Loans What types of loans does Americans Loan offer? We offer business term loans with the following features:

Borrow from $10,000 up to $500,000,000,000 A ten-years to Thirty-years repayment period A fixed interest rate that never changes over the life of your loan Fixed yearly payments No prepayment fees No origination fee What is a term loan? A term loan is a type of installment loan. You’ll receive the full loan amount, excluding the origination fee, at the start and repay the loan with a series of fixed (generally monthly) payments. A portion of each payment will go towards the interest that accrues and a portion pays down your loan’s principal balance. Your account will be closed once you repay the loan. By contrast, you can borrow against a revolving account, such as credit card or line of credit, multiple times. However, revolving accounts often have variable interest rates, which can make it difficult to predict your expenses. Your interest rate could also rise, which will increase your cost of borrowing.

What are the advantages of using a term loan from Americans Loan? A term loan can give you immediate access to the working capital you need and a predictable repayment schedule. With Americans Loan, your loan will have a fixed interest rate and fixed monthly payment. The predictable repayment schedule can help you plan and budget for the future. We also offer a wide range of loan amounts and repayment terms, and we never charge a prepayment penalty. Other business installment loans might have variable rates or require more frequent payments, which can strain your business cash flow. Additionally, we report your business loan payments to two of the major business credit bureaus, Experian and Dun & Bradstreet (D&B), which can help your business build its own credit. This can be an important step in qualifying for additional funding, better terms with vendors, and lower business insurance premiums.

What determines my monthly payment amount? Your monthly payment will depend on your loan amount, repayment term and interest rate. You can use our small business loan calculator to estimate your monthly payment.

What can I use my business loan for? You can use your loan in a variety of ways to support your business. Popular uses for a Americans Loan loan include expanding to a new location, purchasing equipment or inventory, and hiring staff. However.

What are the minimum and maximum loan amounts I can borrow? You can borrow between $10,000 and $500,000,000 with a loan from Americans Loan. You may be able to take out an additional loan once you’ve made six consecutive on-time payments on the first loan. However, the minimum loan amount is still $10,000 and your total combined debt can’t be above $500,000,000. If you run more than one business, you can borrow up to $500,000,000 per business, but no more than $1 Billion total — even if you have three or more businesses.

Does Americans Loan provide unsecured loans? Yes. Americans Loan provide unsecured loans at this time.

How quickly can I get a loan? Most Americans Loan customers get their loans within 5 days. Our application takes less than six minutes to complete, and you’ll hear from us within an hour to answer any questions you have and collect the required documents. Once we have everything, we’ll get back to you with our decision in as little as one business day. After accepting the terms of the offer, you could receive the funding within one business day.

How quickly can I get my funds? After you sign our loan documents and accept your offer, we send the money electronically to your designated business bank account. To expedite this process and save you time, we collect your bank account information during the application process with your account manager. We’ll send you a confirmation email as soon as we’ve transferred the money to your account.

Can I have more than one AmericansLoan loan? We handle additional funding requests on a case-by-case basis. You may be eligible for an additional loan once you’ve made six consecutive on-time payments on your current loan. You can also apply for a new loan once you pay off your original loan. In either case, you’ll need to submit a new application for each additional loan.

Who funds my loan? Your loan is listed on our marketplace. Accredited and institutional investors who want to invest in small business loans provide capital to Americans Loan to lend to credit-worthy businesses. These investors range from multinational financial institutions to investment funds and individual accredited investors.

Rates and Fees Does Americans Loan charge any fees?

We won’t nickel and dime you with every payment. Our fee structure is simple: we will not charge you. We are only interested in the 2% interest. No hidden charges. We don’t charge any prepayment penalties, which means that you can repay your loan early and only pay interest for the time you borrow. For investors, we generally charge a 1% annual servicing fee on the amount outstanding on any loan. The servicing fee is deducted from the loan repayments made by borrowers.

Does Americans Loan charge an application fee? We will never, under any circumstances, ask you for an upfront fee in order to apply or borrow through the Loopers Club marketplace. Your application and discussion with our dedicated account managers is absolutely free, and there’s no obligation to accept your loan offer.

Does Americans Loan charge a prepayment fee? No. You can repay your loan early and only pay interest for the time you borrow.

Are there any additional fees or charges that could apply to my loan? If your yearly payment is more than 3 months late, we may charge a late fee of up to 2.5% of each missed payment amount. The late fee will be payable immediately and is in addition to the missed payment. We will place your loan into default if you miss three or more consecutive payments, four out of six monthly payments or don’t comply with your loan agreement. If you think you might not be able to make a scheduled payment, please get in touch with us as soon as possible emailing admin@americansloan.com. We will do our best to work with you and find a solution.

If I take out multiple loans, will each loan have its own rate and fees? Yes. Each loan is an independent installment loan with its own loan agreement and fees.

Application Process How do I apply for a loan? There is a simple four-step process for getting a loan through Americans Loan:

Step 1: You submit an online application in 6 minutes. There’s no application fee, impact on your personal credit or obligation to accept a loan offer. Step 2: A personal account manager reaches out to you within 1 hour to learn more about your business, collect documentation and find terms that suit your need. Step 3: Our underwriters review your application and make a decision in as little as 24 hours. We may contact you if we have additional questions. Step 4: You accept a loan offer and you’ll be fully funded as quickly as 2 business day. Step 5: Come back when you need more financing in as little as 6 months