Business Loans Without Origination Fees

JENNIFER LOBB | November 20, 2018

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They say it costs money to make money, but it also costs money to borrow money, a notion that may seem at odds with the goals and ambitions of small business owners. Whether it’s a term loan or a line of credit, securing funding will likely mean paying interest, but it can also mean paying a variety of fees, including an origination fee, or the fee charged by a lender at the start of a lending agreement. Though it’s not likely that you’ll escape an interest rate, you may be able to avoid an origination fee. That’s particularly true if you’re considering one of the following borrowing solutions. American Express has a steady presence in both personal and business finance, and though their business credit products may come with hefty fees, the American Express Business Loan departs from that norm. American Express customers can access between $3,000 and $50,000 without incurring origination fees or pre-payment penalties, and funds are typically available within three to five business days.

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