I must be dreaming.
Lenders competing for my business?
FUNDERA DISRUPTS SMALL BUSINESS BANKING
As with many industries, the internet has proven to be a "disruptor" to the way things have been done in the past.
Fundera appears to be bringing this disruption to the process of getting loans and financing for small businesses.
In this case, disruption is a very good thing, as this process has traditionally been viewed as nothing short of a pain in the you know where.
HOW FUNDERA WORKS
The process of working with Fundera looks pretty simple...
- Fill out one application
- Choose the types of loan products you'd like to apply for
- Choose the best rate from the offers you receive
TYPES OF LOANS AVAILABLE
During the application process on Fundera, you can select from the following options:
- Traditional term loan
- SBA loan
- Short term loan
- Line of credit
- Equipment financing
- Merchant cash advance
Fundera works with a number of financing entities such as: Fundbox, LendingClub, SmartBiz and many others.
These organizations then review your application, and if there is a match, present you with their offer for consideration.
All of your loan shopping done in one place, with one application. What a great idea!
To date, Fundera has closed loans for over 850 businesses with a total loan value of more than $42 million.
They are backed by some of the leading names in venture capital, including Khosla Ventures, First Round Capital and a host of others.
Learn more about the Fundera philosophy and team members as you evaluate how their service can work for you.
Also, be sure to take advantage of their Small Business Loan Toolkit to help you get ready.
IS THIS APPROACH FOR YOU?
I'd love to get your thoughts on the Fundera approach and if your business would use them the next time you need a loan or financing. Please drop you comments into the box below or post them directly.
Have direct experience with the Fundera process? Even better. Let us know how it worked out for you - thanks!