Funding Small Business – What’s Right For You?

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This Funding Small Business article will give you another option when other conventional lenders have turned you down.  It is possible to get funded for your small business/blog.

Funding Small Business

Funding Small Business

Small businesses make up approximately 50% of US businesses and employ over 60 million people.  Yet, so many small businesses struggle when it comes to finding the resources to operate effectively.  Many small business owners need loans to improve or expand their businesses but this is not so easy to come by.  I have gathered a list of unconventional resources that I hope will help you put your best foot forward.   Good luck with getting the help you need to take your small business to the next level.

Kiva

  • Kiva is an international non-profit
  • Their mission is to connect people through lending to alleviate poverty
  • Lend as little as $25
  • Anyone can help a borrower start or grow a business, go to school, access clean energy or realize their potential
  • 100% of every dollar goes to funding loans
  • 2.2 million borrowers in 82 countries

Fundbox

  • Helps to improve cash flow
  • Helps small businesses to grow  and become independent
  • Accredited by Better Business Bureau
  • Create an account; add your invoices; pick an unpaid invoice to clear; an advance for the amount is automatically transferred to bank account
  • When an invoice is cleared, a small fee is added to the invoice value
  • 12 – 24 weeks to repay (More information on pricing)

PayPal Working Capital

  • A loan for PayPal Business
  • Once you apply, if approved, PayPal Working Capital gives you access to the capital you need — faster and easier than traditional loans.
  • Use your PayPal Working Capital business loan to propel your business to success.
  • You pay a share of your sales each day until your loan is paid off. (Minimum payment required)
  • At least 10% of the total of the original loan amount + loan fee is due every 90 days, up to 540 days, or until the loan is paid in full, whichever first occurs
  • Get funding in minutes
  • You pay no periodic interest. Instead you pay one affordable fixed fee that you know before you sign up.

Funding Small Business

Blue Vine

  • Flexible business line of credit and invoice factoring
  • Accredited by Better Business Bureau
  • From $5,000 to $2M
  • Cash in as fast as one day
  • Credit lines up to $100,000 (fixed repayment over 6 months)

Kabbage

  • Your business needs to be at least 1 year old
  • Free application
  • Make at least $4,200 per month over the past 3 months
  • Qualify in 10 minutes
  • Up to $100,000 line of credit; no obligation to take funds
  • 6 to 12 months terms

Small Business Funding

  • Professional, alternative business service
  • No minimum credit score
  • Be in business for 3 months or more
  • Accepting credit card is not required
  • Working capital to help with inventory, upgrades, expansion, cash flow, training, new hires and maintenance
  • Free application
  • Approval in 24 hours; funding in days
  • No hidden fees or collateral
  • A+ rating with  Better Business Bureau
  • Receive $2,500 – $500,000

On Deck

  • Can get decision in as little as 10 minutes
  • 2 flexible financing options (lines of credit or term loans)
  • Up to 100,000 in lines of credit; up to $500,000 in term loans
  • 9 years in business
  • 9.7 rating on TrustPilot
  • A+ rating with Better Business Bureau
  • Sign contract and receive money as fast as 24 hours
  • Values cash flow over credit score

 Lendio

  • Simplifies the small business loan application
  • One free application for over 75 different lenders
  •  Loans sometimes approved in a matter of days
  • 9.5 Score on TrustPilot

National Funding

  • Get approved same day; receive funds in 24 hours
  • Get funds to advertise, pay taxes, expand, consolodate debt or purchase inventory
  • Loans from 5,000 to $500,000
  • Lending products include small business loans and equipment financing
  • No collateral or down payment
  • A+ rating with Better Business Bureau

Snap Cap 

  • Providing unsecured business loans
  • A+ rating with Better Business Bureau
  • Provide working capital loans, inventory loans, equipment loans and expansion loans
  • A relationship leader
  • Vanishing interest rate
  • Loan terms in just a few hours

I hope this article on Funding Small Business will help someone find a means to improve their small business/blog.

 

 

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Disclaimer: Please take the time to check each company thoroughly before entering into any agreement. Information provided is purely for informational purposes


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