Maior offers a loan ranging from $5,000 up to $100,000 to approved customers. Each draw on the loan is a term loan issued by MRV Banks, with term lengths of 6, 9, and 12 month terms available, subject to credit approval.

Your loan can be deposited into your operating checking account.

For your security, the operating checking account you link during your application is set as your deposit location. This is where funds are deposited and where automatic payments are withdrawn from. To change this, contact us at support@maior.ai.

Yes, you can have more than one loan out at a time as long as you still have availability up to your approved limit.

You can withdraw as little as $5,000.

Maior provides 6, 9, and 12 month term loans, subject to credit approval.

Maior was designed to support whatever your business needs to grow and thrive. Your loan can be used for business related expenses, such as purchasing inventory, hiring more staff, upgrading your equipment, launching a promotional campaign, or covering operating costs. Take the amount you need, when you need it.

Your loan is secured. Maior will take a security interest in your business assets as part of the financing. In some cases, this may result in filing a lien as permitted under the financing agreement.

Yes, business owners are required to provide a personal guarantee in the loan agreement.

Maior accounts are regularly re-evaluated, which can contribute to changes in your approved limit and/or fees. During this process, we consider a range of factors, including account status, account utilization, account balances, business performance, and current loan terms. Make sure you link your account that contains the majority of your business revenue transactions to ensure you have the highest possible limit.

If you want to return the funds you withdrew, please contact us at support@maior.ai within 24 hours of taking the loan. Our team can walk you through returning the funds with no cost to you. If it has been more than 24 hours since you withdrew funds, you will be responsible for the first fee that is posted to the account along with the full principal amount.