Must read: Bond Street no longer accepting applications

Though it’s not stated on its website, Bond Street stopped taking applications in 2017. However, you can still fill out its online prequalification form and the provider will let you know once it begins accepting applications again.

Until then, you can compare other business loan options you can apply for today.


Min. Amount


Max. Amount


Product Name Bond Street Business Loan
Min. Amount $10,000
Max. Amount $1,000,000
Loan Term 1 to 3 years
Min. Credit Score 640
APR 8% to 25%
Requirements US citizen with credit score of at least 640, annual business revenue of at least $200,000, business must be at least 24 months old, business cannot be located in North Dakota, South Dakota, Nevada or Vermont.

Application Criteria

  • US citizen
  • 640+ Credit score
  • $200,000 annual revenue
  • +24 months in business
  • Not located in North Dakota, South Dakota, Nevada or Vermont.

What is Bond Street?

Bond Street was founded in 2013 by David Haber and was launched as a peer-to-peer lender in 2014 — an alternative to traditional lending options. Since its launch, it partnered with major investors including Jefferies LLC and Spark Capital. In early 2017, Jefferies bought Bond Street, and many of its employees moved on to investing giant Goldman Sachs.

What makes a Bond Street business loan unique?

Bond Street is an online lender that offers its borrowers a swift and simple application process and easy access to loan funds. It offers loans from $10,000 all the way up to $1 million to cover whatever level of funding your business needs. Loans can cover needs to open a new location or invest in inventory and equipment. In addition to quick funding, Bond Street’s rates compare well with other online lenders and it doesn’t charge additional fees for early loan repayment.

What are the benefits of a Bond Street business loan?

  • Quick application turnaround. The loan application process can take weeks to complete with traditional lenders. Bond Street can provide funding in as little as three to four business days, which enables you to take advantage of time-sensitive opportunities like purchasing on-sale inventory.
  • Reasonable rates. Bond Street’s APR range is on par with the top online loan providers, with rates between 8% and 25%.
  • No early repayment fee. Many lenders will charge you a fee for paying off your loan early. With Bond Street, you can repay your loan at any time without penalty.

What to watch out for

Bond Street’s swift process brings you one step closer to financing your business goals, but here are a few potential drawbacks to be aware of:

  • Strong credit required. Successful applicants with Bond Street need a personal credit score of at least 640.
  • Not for new business owners. Borrowers with this lender need to have been in business for a minimum of 2 years and have an annual revenue of at least $200,000.
  • Semi-monthly payments. Bond Street loans are repaid semi-monthly on the 1st and 16th of each month. If you prefer one simple, monthly payment, this borrower may not be for you.
  • Business collateral. Bond Street places a UCC-1 filing on your business when you take out a loan. This means your business is used as collateral to secure the loan. If you default on your loan, you risk your business assets and credit.
  • Origination fees. You’ll have to pay an origination fee of between 3% and 5% of the amount you borrow, which Bond Street factors into your loan’s APR.

By admin

Leave a Reply

Your email address will not be published. Required fields are marked *