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FAQ

  • What is the minimum period a business should be operational to apply for a loan from Loan23?
    Your business needs to be operational for a minimum period of six months to qualify for a loan from Loan23. This requirement helps us verify that your business has a track record and is not a startup without any operating history.
  • How long does it take for Loan23 to review my application and approve a loan?
    The process from application review to loan approval typically takes 24 hours. Once you submit all required documents and information, our team will review the application and you should receive a decision within this time frame.
  • Can businesses outside the US apply for a loan from Loan23?
    No, only businesses based in the United States are eligible to apply for a loan from Loan23. We currently do not offer services to businesses located outside the US.
  • What is the minimum annual revenue requirement to apply for a loan?
    The minimum annual revenue required for a business to apply for a loan from Loan23 is $50,000. This requirement helps ensure that your business has the financial stability necessary to repay the loan.
  • What is Loan23 ?
    Loan23 is a dedicated financial service provider that aims to empower all small business owners by assisting them with their financing needs. We understand the unique challenges faced by small businesses, and we are committed to offering tailored lending solutions to support their growth and stability.