Bond Street provides fast and affordable medium-term loans to established businesses who have been in the industry for at least 2 years. We compiled Bond Street reviews from around the web to determine what Bond Street customers think about the company. We also go over the fees associated with taking out a loan.
Bond Street User Reviews
Summary of User Reviews
We researched around the web and found that Bond Street has generally positive ratings. Here’s what we found:
What Bond Street does well:
Bond Street’s loan process is quicker and less complicated compared to banks, so it’s a great option if you need money as soon as possible. There is also no prepayment fee, so borrowers can repay their loan at any time and save on interest. Plus, their fees are lower compared to competitors.
What Bond Street does not do well:
The company caters to established businesses, which means startups and businesses with little income may need to look elsewhere. Also, they don’t offer loan services to these states: NV, ND, SD, VT and TN.
Bond Street Pricing & Other Details
Bond Street offers medium term loans to small businesses who pass their requirements. To apply, your business must have been in the industry for at least 2 years, with a credit score of at least 640, and gross revenues of at least $200,000 per year.
Businesses can borrow up to $1,000,000, payable up to 3 years in small, bi-weekly payments. There is an upfront origination fee of 3-5% of the loan amount. There is no prepayment penalties, so businesses can choose to pay back the loan early and save money. Cash out occurs 2-3 days after the loan has been approved.
Compare Bond Street Competitors
Not sure if Bond Street is the right loan option for you? You may want to look at alternative business financing options. View our comparison guide of 9 top alternatives, including StreetShares, OnDeck, and FundBox.