“I have yet to find a lender that does not require a personal guarantee from the business owner; even with substantial revenues the lender will want the business owner to sign on the dotted line for the funds they receive.”
-Kurt, Fundbrella Founder and CEO
Certain lenders help themselves stand out as options because they fund business based on the strength of their revenue, rather than by looking at credit score. Fundbrella’s revenue-based business loan process is the fastest in the industry, and can take as little as two weeks. It’s a great option for those with less-than-stellar credit for any number of reasons.
It’s pretty simple, so let’s break it down. First, you’ll submit a fast and simple revenue-based lending application. This will require a few business details and 3-6 months of bank statements. After a quick review, an underwriter will provide a prequalification, conditional to verification of income and business details. Usually tax returns and a quick check takes care of this.
When everything checks out, Fundbrella provides a contract, and you’ll recieve your funding when it’s signed. Terms can vary, but can often end up rather favorable, especially considering their speed.
Go ahead, ask us how we can help YOU get the funding you need!
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