Sterling owns a small business and required additional capital to purchase rental inventory. Revenues in the business have been strong but Sterlings credit score was damaged during the downturn in the economy and he was struggling to rebuild. He is looking for a small business loan provider that will help with a loan even when your personal credit score is damaged. We have listed a few providers that can help.
Sterling attempted to obtain a quick loan for $64,000.00 last year but was declinedPrinciple of LoanLength of Term (Years)Interest Rate (APR)Monthly Installment PaymentLending Institution
|$64460.00||8||9.3%||$954.41||NationsBank of Florida, National Association|
|$63580.00||4||8.8%||$1576.16||Century Bank and Trust|
|$63880.00||4||6.4%||$1511.97||Bank of Madison|
|$63630.00||7||7.4%||$972.84||Bank of Hazlehurst|
|$64240.00||10||11.3%||$895.85||The Citizens and Southern Bank of Dublin|
|$64130.00||4||8.5%||$1580.7||Coffee County Bank|
Sterling has a quick loan from years ago of $11,000 courtesy of First South Bank, National Association from 2 months in the pastStarting Interest Rate (APR)Remaining principleLender nameLender cityLender StateLoan Obtained
|8.7% APR||$9186.08 outstanding||NationsBank of Florida, National Association||Valdosta||Georgia||8 months ago|
|5.7% APR||$5669.6 outstanding||Century Bank and Trust||Milledgeville||Georgia||16 months ago|
|9.1% APR||$5789.06 outstanding||Bank of Madison||Madison||Georgia||19 months ago|
|8.0% APR||$8299.82 outstanding||Bank of Hazlehurst||Hazlehurst||Georgia||14 months ago|
|5.4% APR||$9739.6 outstanding||The Citizens and Southern Bank of Dublin||Dublin||Georgia||8 months ago|
|11.6% APR||$5551.1 outstanding||Habersham Bank||Clarkesville||Georgia||15 months ago|
A quick loan from Bank of Hancock County in Sparta -- 31087, Georgia
Searching loans often change clients credit scores. When approved, individuals undergo changes to their credit. Sterling experienced many changes to their credit over the course of the approval of this $98000 quick loan. Sterling had a starting credit score of 437.
- Sterling possessed a rating on the Fico rating system of 437, which is considered bad credit
- Sterling possessed a value on the Transunion rating system of 425, which is looked upon by lenders as bad credit
- On the Experian scale, Sterling had a 448 credit score, a bad credit score
Sterling obtained this quick loan from Bank of Hancock County, an institution of lending from Georgia
- Bank of Hancock County
- Street Address: 12855 Broad Street
- Branch city: Sparta
- Branch state: Georgia
- Branch zip code: 31087
- Branch County: Hancock
Sterling had a Fico score of 437, regarded as a bad credit rating
Computed with the Transunion scale, Sterling has a bad credit rating of 425. This score impacts how banks will view their credit, and as a result, the APR on their loan
Using the Experian scale, Sterling has a bad credit score of 448, which will have altered their loan APR
Fico credit scores are impacted as a result of completing a hard pull on your credit. Your credit score can change for a few months after applying for new credit.
Sterling, an individual from Sparta, originally asked about the financing of $98000. They needed a quick loan.
My name is Sterling and I'm from Sparta, Georgia, and my closest lender is Bank of Hancock County. I checked with Bank of Hancock County and did not receive a loan offer. I need a quick loan for $98000 for my business. I don't want to pay more than 11% APR Thank you, Sterling.
- Client name: Sterling
- County: Hancock
- Home State: Georgia
- Current zip code: 31096
- Current income: undisclosed
- Profession: builder
- Credit Card Debt: $2000 on their LensCrafters Credit Card
Debt consolidation for Sterling in Sparta, Georgia
Sterling is located in Sparta, Georgia and has been searching for a method to consolidate debt as their monthly bills are higher than their monthly income. Sterling decided to go to Bank of Hancock County for another quick loan and the loans officer retrieved their Fico score and walked through this with them. The credit score was 427. Sterling was informed that they had a lot more debt than first realized and was denied another loan without paying off outstanding debt that had been left unpaid.
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