Paying extra interest on a loan? That’s unsavory.
If you’ve ever had a small business loan that you’ve tried to pay off early or refinance at a lower interest rate, you may have been charged extra interest. That’s called “double dipping”. And you won’t find it on Marlin’s menu. Want more details on how double dipping works? Check out the example or watch the video.
With Marlin’s Working Capital Loan, Small Business Owners Enjoy:
No Origination Fees
Receive every dollar you need – Nothing comes off the top of your loan
Fast & Easy Application*
No paperwork. No hassle. Apply online in 10 minutes
The Painless Process
Invest 10 minutes or less and complete our simple loan application. No pens. No paper. Just a few clicks.
In as few as 24 hours, you can secure up to $150,000 with terms anywhere from six to 24 months.*
Grow Your Business
Lean on our support whenever you need us. We’re ready to offer financial guidance through every step of the process.
Fund Your Next Step
Every business needs capital to reach its goals. But you want capital from a partner that structures its loans with the needs of small businesses top of mind. Marlin approves loans solely based on the health of your business. And together, we’ll work to find every valuable opportunity for your business.
Marlin Working Capital Loans are perfect for:
- • Accounts Payable Reduction
- • Debt Consolidation/Refinancing
- • Equipment/Technology
- • Expansion
- • Marketing
- • New Inventory
Trusted by 300,000+ business owners.
Every small business loan comes with terms that outline when it needs to be paid and how much. Some businesses choose to pay off their loan more quickly or refinance. Because lenders will earn less profit in these scenarios, many attempt to recoup those lost earnings by tacking that interest expense onto your next loan—many times without you even realizing it.
When you get a small business loan with Marlin, you’ll never pay extra interest. No matter how quickly you pay it off. No bites. No double dips.
You’ve Been Double Dipped
Just how costly can borrowing from a double dipper become?
Let’s look at an example in which you:
Marlin does not include unearned interest from Loan A as part of the principal of Loan B.
How much more does the double dip cost you?
That’s $6,480 that could’ve helped you grow your small business.