Who are the lenders? We assist you in obtaining loans from major national banks, community banks, financial institutions and private lenders.
What are the costs involved? If you are looking for a loan, there are NO UPFRONT FEES whatsoever unless you are actually approved for a loan. If you are looking for a business credit builder program, the extent of the work and the plan you will choose will determine our consulting fee. Once you are approved for a loan, we charge a business consulting fee based on the amount of your loan, the type of loan you need and the amount of our time and effort required. We will clearly explain our fee structure to you prior to providing any services.
What is the interest rate? The interest rate varies depending on what type of loan you are looking for, your credit situation and the lender that approves you. The average overall interest rate for most clients seeking business loans and lines of credit is between prime +1% and prime +5%.
How long does the process take? It takes less than 24 hours for us to analyze your credit situation. If you meet our qualification criteria, you can receive a business loan, line of credit in 7 to 21 days. However, it can take longer depending on your credit and how responsive you are throughout the loan process.
What kind of documentation will I need to provide to the lender for verification? Our loan process for business loans and lines of credit requires two years of business and personal tax returns. Our process for all other products is detailed on each product's page . The actual documents that you need to provide vary based on the type of loan you choose.
Who should I contact once my loan is in process? Once you contact us, you will be assigned a business consultant who will assist you throughout the process.
How does Miel Financial protect my personal and confidential information? Miel Financial remains committed to protecting the privacy of both prospective and existing client's sensitive information. Any and all information you provide us will be held in strict confidence. We do not sell, trade, or rent your personal information to any other companies. We gather information for the sole purpose of providing you with business consulting services. Miel Financial respects your need for privacy when applying for business consulting services. Secure Socket layer (SSL) technology protects your information using both server authentication and data encryption, ensuring that your data is safe, secure and available only to registered users in our organization. Your data will be completely inaccessible to anyone else.