BHG Financial Business Loan Review

Evaluation

Bankers Healthcare Group can be a good option if you’re in search of flexible business financing and unable to meet the rigorous requirements of other lenders. Its loans go up to $500,000 with lengthy repayment terms of up to 12 years. Plus there’s no need to put your personal collateral on the line. Here’s how Bankers Healthcare Group compares to some of the other best business loans out there.

Business Term Loans

If you’re looking for a much longer-term loan, Bankers Healthcare Group (BHG) can offer businesses loans with up to 12-year terms at rates that begin at 8.49%. The credit score requirement is 700, making this an accessible, long-term financing option.

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Variety Of Business Loans

Bankers Healthcare Group accommodates varying business needs through a wide range of business loan products. You can choose from business debt consolidation loans, business opportunity loans, business investment loans, startup loans, and SBA 7(a) loans. The lender states it will work with you to create a financial solution that meets your unique needs.

Fees And Rates

Bankers Healthcare Group charges a 3% origination fee, so be sure to factor that in when determining the total cost of the loan. Rates start at 8.49% for a term loan from BHG.

Quick Approvals And Funding

Oftentimes, you can’t wait weeks or months for the funds. The good news is you won’t have to with Bankers Healthcare Group. According to the website, you may be approved in as little as 24 hours. Upon approval, you can receive your funds in as few as 3 days. Of course, your exact approval and funding time will depend on your unique loan and circumstances. 

Strong Customer Service

When it comes to customer service, Bankers Healthcare Group excels. You can reach its U.S. based customer service representatives seven days a week by phone at 866-297-4664. The lender’s customer service hours are 8 am to midnight Eastern Time Monday through Friday and 10 am to 2 pm Eastern Time Saturday and Sunday. While there’s no chat feature on the website, you will find a robust FAQ page with information about rates, terms, and the application process. 

Good Reviews

Bankers Healthcare Group or BHG Money received a 4.3 out of 5 stars on TrustPilot. Most of the positive reviews rave about the lender’s helpful customer service representatives as well as the easy process and quick approvals. Bankers Healthcare Group has an A+ rating on the Better Business Bureau (BBB).

Ready to compare Bankers Healthcare Group with other lender options? Check your eligibility on Lendio and get multiple financing offers for your small business in one place.

*The information contained in this page is Lendio’s opinion based on Lendio’s research, methodology, evaluation, and other factors. The information provided is accurate at the time of the initial publishing of the page (September 26, 2022). While Lendio strives to maintain this information to ensure that it is up to date, this information may be different than what you see in other contexts, including when visiting the financial information, a different service provider, or a specific product’s site. All information provided in this page is presented to you without warranty. When evaluating offers, please review the financial institution’s terms and conditions, relevant policies, contractual agreements and other applicable information. Please note that the ranges provided here are not pre-qualified offers and may be greater or less than the ranges provided based on information contained in your business financing application. Lendio may receive compensation from the financial institutions evaluated on this page in the event that you receive business financing through that financial institution.