Mulligan FundingReviews of mulliganfunding.com

Response from Mulligan FundingNov 3, 2017

Hi Brenda, There are many differences between banks and alternative lenders. Banks take a longer time getting business owners to an underwriting decision, then decline a large percentage of applications. As you pointed out, they also use interest rates as their primary way of presenting data. If a bank had offered you a multi-year loan at a typical "interest rate plus a variety of banking fees", you could easily end up paying close to the same total amount. Meanwhile, their customers are not eligible to renew in that extended period (through the bank or others). We accelerate the payback period so we can be more generous in approvals and our clients get through the repayment process faster. Our documentation clearly presents the Loan Amount and Total Repyment Amount in advance. Most importantly, our clients tell us the value they get from using the funds greatly exceeds the cost of the deal (which varies depending on each business' situation). Thank you for your feedback, including your compliments on our level of service. We wish you success as you use the funds to help your business. The Mulligan Team