Banjo - Business Loans

About Banjo

The online loan application and approval process for small businesses is made simple by Banjo's lending platform. In addition, Banjo's technology enables the company to assess creditworthiness by using various indicators in addition to standard credit ratings.

At every level of the financing process, Banjo's team of knowledgeable loan specialists is on hand to help borrowers. Banjo is dedicated to offering great customer service. Banjo offers a variety of financial tools and educational resources in addition to loan services to assist small businesses in managing their cash flow and making long-term plans. Banjo is a cutting-edge, client-focused loan platform that is committed to assisting small businesses in growing.

Features & Benefits of Banjo

A technology-driven loan company called Banjo offers small enterprises specialised financing options. The following are some of the main advantages and features of using Banjo for your company's finance requirements:

1. Individualised funding options: Banjo provides customised finance options with loan sizes ranging from $1,000 to $5 million to meet the specific demands of each business. As a result, businesses can get the cash they require whenever they need it, without being constrained by predetermined loan terms or amounts.
2. Quick and simple application procedure: Businesses can apply for loans and receive them in as little as 24 hours thanks to Banjo's quick and simple online application process. Businesses may easily upload papers and complete the application thanks to the online platform's streamlining of the entire procedure.
3. Competitive interest rates and fees: There are no unforeseen costs or surprises with Banjo's competitive interest rates and associated fees. Although the interest rates may change depending on the borrower's creditworthiness, the length of the loan, and other variables, they are typically less expensive than those provided by conventional banks.
4. Variable repayment terms: Banjo's loans include flexible payback terms, letting companies select a repayment plan that best suits their particular financial circumstances. To control cash flow and prevent any unnecessary financial strain, do this.
5. Excellent customer service: At every stage of the lending procedure, borrowers can get help from Banjo's knowledgeable staff of loan specialists. The business pledges to deliver top-notch customer service, including quick responses to questions and continued support for the duration of the loan.
6. Financial tools and educational resources: Banjo offers a plethora of financial tools and educational resources in addition to lending services to assist small businesses in managing their money and making long-term plans. These tools, which include cash flow estimators, budget templates, and financial planning manuals, are available through Banjo's online platform.

Services Offered by Banjo

Through its technology-driven lending platform, Banjo primarily provides loans for small businesses. They offer specialised financing options that are tailored to each company's particular need, with loan sizes ranging from $1,000 to $5 million. Loans from Banjo can be used for a range of things, including growth plans, the acquisition of equipment, and operating capital.

The financial technology firm Banjo provides a number of services to assist small businesses in managing their finances and obtaining financing. Here are a few of the services that Banjo provides:

1. CDs: Certificates of Deposit The terms of Banjo's CDs are adjustable, ranging from three months to five years, with fixed interest rates. This enables companies to preserve liquidity and flexibility while earning interest on their deposits.
2. Loans: To assist small businesses with obtaining funding, Banjo provides a variety of loan solutions. These consist of term loans, credit lines, and SBA loans. The loans can be used for a wide range of things, such as buying equipment, growing a firm, or taking care of cash flow requirements.
3. Payment processing: Banjo provides a service that enables companies to accept credit card payments. The service offers mobile payments, online invoicing, and a virtual terminal that may be used to accept payments in person.
4. Business credit cards: Banjo provides incentive programs and no annual charge for business credit cards. The cards provide incentives for things like office supplies, travel, and meals and can be used for regular costs.

Types of Accounts in Banjo

Banjo mainly offers two different sorts of accounts: a borrower account for companies searching for funding and an investor account for people or organisations interested in purchasing small business loans.

1. Create a borrower account with Banjo to apply for small business loans as a company. When their loan has been accepted, they utilise the account to make payments, check account history, and modify payment options. In order to manage their money and make plans for the future, borrowers can also use financial tools and educational resources.
2. Individuals or organisations can open a Banjo investor account to invest in small company loans. The performance of the loans that investors choose to invest in will determine the profits they receive. Each loan is fully disclosed to investors by Banjo, including its risk profile and anticipated returns. Investors may keep track of their investments and profits through their investor account.

Banjo provides a range of accounts and loans to meet the particular requirements of small enterprises. The following are some of the loan and account choices provided by Banjo:

1. Banjo provides business checking accounts with no minimum balance requirements, no monthly maintenance fees, and unlimited transactions. A debit card and access to online and mobile banking services are also included with this account.
2. Business savings accounts offered by Banjo offer reasonable interest rates and no monthly maintenance costs. No minimum deposit is required to start the account, which also offers access to online and mobile banking services.
3. Term loan: Banjo's term loan offers a one-time payment that is repaid over a specific period of time. The loan can be utilised for a wide range of things, such as paying for equipment, growing a firm, or taking care of cash flow requirements.
4. Loans provided by Banjo are also backed by the Small Business Administration (SBA). In addition, these loans offer additional assurances and benefits, such as smaller down payments, protracted payback terms, and fewer restrictions on qualifying.

Banjo Opening Hours

Customers can apply for loans or manage their accounts whenever they want, thanks to Banjo's 24/7 online platform. Additionally, during business hours, Banjo's customer support team is accessible to help investors and borrowers with any queries or problems they may be experiencing.

DAY	OPENING TIME	CLOSING TIME
MONDAY	9:00 AM	5:00 PM
TUESDAY	9:00 AM	5:00 PM
WEDNESDAY	9:00 AM	5:00 PM
THURSDAY	9:00 AM	5:00 PM
FRIDAY	9:00 AM	5:00 PM
SATURDAY	Closed	Closed
SUNDAY	Closed	Closed

 

Banjo Contact Details / Customer Service

You can contact Banjo through various channels. Below is a table of different ways to contact Banjo.

Phone	844-256-2633 (toll-free)
Email	[email protected]
Online contact form	https://banjoloans.com/contact/
Live chat	Available on Banjo's website during business hours