FAQ: About our loan products

BHG Financial offers some of the largest unsecured loans and longest terms available in the industry¹ for the funding needs of high-earning professionals, including:

• Personal loans for debt consolidation; and
• Business loans for business debt consolidation, working capital, business acquisition, and startup needs.

When BHG Financial was founded in 2001, we exclusively provided lending for medical professionals. While we continue catering to this industry for personal and medical practice business needs today, we have also grown over the years now offering financing solutions for all high earners.

BHG Financial offers loans in 48 states. However, not all loan amounts, rates, or terms are available in all states.

A personal loan is intended for consolidating high-interest credit cards and other personal debts into one low monthly payment.

A business loan is taken out by a business owner for various use cases, including: 

• paying off high-interest business debt and increasing purchasing power
• maintaining day-to-day business operations with flexible capital
• achieving business acquisition goals by purchasing new equipment
• growing a real estate portfolio
• investing in or establishing a new franchise
• and more 
  

BHG Financial offers some of the largest loan amounts in the industry: 

• Personal loans up to $250K¹
• Business loans up to $500K^1,2  

Our average personal loan customer has a FICO Score of 730, earns an annual income of $210K, and borrows $90K.

Our average business loan customer has 21 years of experience in their field, a 760 FICO score, earns an annual income of $377K, and borrows $166K. 

No. BHG Financial offers unsecured loans—that means you do not need to provide personal collateral, like your home, to secure a loan.

The links below will take you to our estimators. It’s quick and easy to get a customized estimate from BHG Financial—it only takes seconds.

• Personal loan estimator
• Business loan estimator

Yes. BHG Financial has been lending to medical professionals for 20+ years. We offer financial solutions with proprietary underwriting for these accomplished individuals.

These solutions include personal and business financing which can be used for:

• personal debt consolidation
• business debt consolidation
• practice working capital, acquisition, expansion, and investment
• starting a new business
• partnership buy-in

Our customers are successful professionals often with multiple sources of income who don’t fall into a “one size fits all” lending category. Our continued focus on data, analytics, and proprietary modeling enables faster funding for our customers.

BHG Financial takes pride in our ability to offer you high loan amounts and extended terms¹ with quick approval decisions.³ And our attentive U.S.-based concierge service allows us to deliver you one of the best customer experiences in lending today.

Getting loan approval through BHG Financial depends on your credit profile, income, and overall financial history. BHG Financial loans are designed for well-qualified borrowers seeking larger amounts,¹ so stronger credit and stable income improve your ability to be approved.

If you’re exploring personal financing, use our personal loan estimator to get a quick sense of what you may qualify for without impacting your credit score.

Securing a loan through BHG Financial offers several benefits, especially for high-earning professionals or business owners who need flexible, tailored financing.

BHG Financial loans offer these benefits:

• Large loan amounts with high limits:
  • Up to $250,000¹ for personal loans
  • Up to $500,000^1,2 for business loans
• Long repayment terms:
  • Up to 10 years^1,4 for personal loans
  • Up to 12 years¹ for business loans
• No impact on your credit score to apply,⁶ using an initial soft credit check.
• Unsecured loan options that don’t require collateral—even for larger loan amounts
• Fast, streamlined application and approval process, with an approval decision in as little as 24 hours.³

BHG Financial also provides a concierge-level lending experience, specializing in solutions for high-income, credit-strong professionals. Even with our fast, data-driven process, you’ll always have a personal loan officer by your side to answer questions and support you from start to finish.

Personal loan applicants can choose between 24-, 36-, 48-, 60-, 72-, 84-, 96-, and 120-month loan terms.^1,4 BHG offers some of the longest loan terms available1 for unsecured personal loans—up to 10 years (120 months)^1,4—which can help lower monthly payments and create more flexibility in your budget.

No. BHG Financial offers fixed APRs, so your rate will not change.

We consider applicants with a minimum credit score of 640 for personal loans and 626 for business loans. Scores closer to 750 can increase the borrower’s chance of approval and improve their loan terms.

However, your credit score isn’t the only factor included in approval decisions. We also consider your income, credit history, and other elements of your financial profile. Given our holistic approval process, we may work with higher debt-to-income (DTI) ratios when income is substantial.

Checking your options starts with a soft credit inquiry, so it won’t affect your score.⁶ Learn how BHG Financial can help you improve your credit score.⁶

No. When you apply, we perform a soft inquiry, which is just a review of your credit report—this will not impact your credit.⁶