Possible Business loan

[Andrew Fusco]

Hello all, I am trying to avoid refinancing a rental property because my interest rate on it is 3.2%. I just discovered a business loan through fund&grow that offers a zero percent interest rate for 12-16 months. You pay an annual fee of $3500, they do a soft credit check, then they give you a loan in monthly increments. Typical first batch of the loan comes within 3 weeks and it is approximately $30,000-100,000, the next batch comes 4 months after and so on and so forth. My question is: has anyone used this, And if they have how was your experience? Thanks in advance! 

[Tom S.]

@Andrew Fusco There are quite a few negative reviews on this site if you search. 

My understanding is that they're just applying for business credit cards for you, and charging you $3500 to do so.  That's why the range of the loan amount varies and the timing varies, it just depends on your credit and how many cards they can get for you.