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Bank, broker or Raven Lenders?
The same business can wait months at a bank, get resold by a broker, or hear back the same day. Here is the difference, line by line.
Side by side
Nine things that decide your funding.
| Requirement | Bank | Broker platforms | Raven Lenders |
|---|---|---|---|
| Time in business | 2 years | 1 year | 4+ months |
| Credit requirements | 700+ FICO | 640+ FICO | Options from 500+ FICO |
| Application process | 2 to 6 months | 1 to 2 weeks | Same day to 5 days |
| Funding amount | $10,000 to $250,000 | $10,000 to $500,000 | $5,000 to $1,000,000 |
| Repayment terms | 2 to 5 years | 3 to 18 months | 3 months to 3 years |
| Revenue requirement | $250,000 a year | $250,000 a year | $120,000 a year |
| Payment type | Weekly or monthly | Daily or weekly | Daily or weekly options |
| Information resale | No | Often | No broker bombardment |
| Rate type | APR 10% to 30% | APR 20% to 60% | Competitive options |
Typical requirements as published by Raven Lenders. Banks and broker platforms vary.
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Who would look at your business today?
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“Every funding option was explained clearly.”