If you have questions regarding bank statement loans this may help. Contact Ed Rogers toll free 855-787-1113 at Small Business Loans Depot for details.
Do I have to reapply to borrow again?
No! When the line has been repaid, at the customer’s discretion, they can leave the line idle, or re-borrow. The customer can obtain a bank statement loan again without a formal application by merely providing updated statements, the funding is wired into the customer’s account again. This can be repeated over and over.
What if I want a higher line size?
You not only do not have to submit another formal application, in many cases, the line size is automatically increased. There is no better customer than a repeat customer. Smallbusinessloansdepot does not punish existing repeat customers by giving new clients a better deal than you received. We reward existing repeat customers with higher line sizes upon renewal.