Rapid Loans

Core Bank offers a quick and easy financing option to help you get the funds you need for your business!

Loans On Your Time

Core Bank is committed to providing you the financial guidance you need for your business. Our team of friendly professionals is the trusted resource for receiving the financing you need that can help your business grow. We want to help you succeed with the help of our Rapid Loan program!

It’s easy to get started with Rapid Loans from Core Bank! Here’s what the process looks like:

Step 1: Complete The Application

Our application is simple and can be completed entirely online.

Step 2: Get A Decision

You’ll receive a decision from Core Bank within 48 hours of applying.

Step 3: Receive Your Funds

Once you receive a decision, you’ll receive your funds within two business days.

About Rapid Loans

Rapid loans are used for specific business investments such as expansions, large purchases, or starting new business projects.

When you get approved for a rapid loan you’ll receive a lump sum upfront and the option to apply for more financing after the loan is halfway paid off.

Loan amounts and repayment terms can range depending on the size of the loan.

LINE OF CREDIT

This can be used for managing cash flow, such as buying inventory or making payroll. You can get a revolving credit line, with access to cash when you need it.

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MINIMUM REQUIREMENTS:

TIME IN BUSINESS: 1 Year
PERSONAL FICO SCORE: 650
ANNUAL REVENUE: 50% of Loan Amount
CORE BANK BUSINESS CHECKING ACCOUNT: Yes
REVOLVING LINE LIMIT: $10,000 – $50,000

TERM LOAN

Use your term loan for investments in your practice, such as expansion projects or large purchases. You can get a one-time lump sum of cash upfront, with the option to apply for more when you're halfway paid down.

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MINIMUM REQUIREMENTS:

TIME IN BUSINESS: 1 Year
PERSONAL FICO SCORE: 650
ANNUAL REVENUE: 50% of Loan Amount
CORE BANK BUSINESS CHECKING ACCOUNT: Yes
TERM LOAN LIMITS: $10,000 – $100,000

Rapid Loan FAQs

Are there any requirements for a Rapid Loan?

There are a few minimum requirements that need to be met in order to qualify for a Rapid Loan at Core Bank. They include:

  • At least 1 year in business
  • A FICO Score of 650
  • Annual business gross revenue of $20,000
  • A Core Bank Business Checking Account

Where are Rapid Loans available?

Rapid Loans are currently only available in Nebraska, Kansas, and Iowa. We lend to several industries, but there are some areas we are unable to provide funds for.

Are there any restricted industries?

Crop Production
Animal Production and Aquaculture
Forestry and Logging
Fishing, Hunting and Trapping
Support Activities for Agriculture and Forestry
Oil and Gas Extraction
Mining (except Oil and Gas)
Support Activities for Mining
Printing and Related Support Activities (Restricted for Line of Credit Only)
Petroleum and Coal Products Manufacturing
Chemical Manufacturing
Wholesale Electronic Markets and Agents and Brokers
Motor Vehicle and Parts Dealers
Electronics and Appliance Stores (Restricted for Line of Credit Only)
Gasoline Stations (Restricted for Line of Credit Only)
Nonstore Retailers
Transit and Ground Passenger Transportation (Restricted for Line of Credit Only)
Scenic and Sightseeing Transportation
Publishing Industries (except Internet)
Motion Picture and Sound Recording Industries (Restricted for Line of Credit Only)
Broadcasting (except Internet) (Restricted for Line of Credit Only)
Telecommunications (Restricted for Line of Credit Only)
Monetary Authorities-Central Bank
Credit Intermediation and Related Activities
Securities, Commodity Contracts, and Other Financial Investments and Related Activities
Funds, Trusts, and Other Financial Vehicles
Real Estate (Restricted for Line of Credit Only)
Lessors of Nonfinancial Intangible Assets (except Copyrighted Works)
Management of Companies and Enterprises
Performing Arts, Spectator Sports, and Related Industries
Museums, Historical Sites, and Similar Institutions
Amusement, Gambling, and Recreation Industries
Accommodation
Food Services and Drinking Places (Restricted for Line of Credit Only)
Repair and Maintenance (Restricted for Line of Credit Only)
Personal and Laundry Services (Restricted for Line of Credit Only)
Religious, Grantmaking, Civic, Professional, and Similar Organizations
Private Households
Executive, Legislative, and Other General Government Support
Justice, Public Order, and Safety Activities
Administration of Human Resource Programs
Administration of Environmental Quality Programs
Administration of Housing Programs, Urban Planning, and Community Development
Administration of Economic Programs
Space Research and Technology
National Security and International Affairs

Contact Core Bank

Have more questions about our Rapid Loan program? Get in touch with our team today to learn more!