Frequently Asked Questions
Below are some commonly asked questions about the small business loan program. If you don’t see the answer to your question below, feel free to send us a note.
Frequently Asked Questions
How much money can I borrow?
ePlus Lending offers loans from $5,000 up to $50,000. Loan amounts are determined after application review.
What can I use my loan for?
Loan funds can be used for business expenses, including but not limited to:
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Start-up costs
How do I know how much my loan payments will be?
To get a sense of how much your monthly loan payments will be, you can use this loan payment calculator. Official payment amounts will be determined once a loan is approved.
How do I know if I am eligible?
To view our eligibility requirements, visit our Terms & Eligibility page.
How will my Credit score affect my eligibility?
Your credit score alone will not qualify or disqualify you for a loan, but it may impact the approved loan amount.
How soon can I get my money once my loan is approved?
Once your loan is approved, you will receive funds within 1-2 weeks.
Is there a fee to apply?
ePlus Lending charges a $50 application fee.