|Loan Types||Startup funding, unsecured business credit cards|
|Loan Amount||$5,000 - $500,000|
|Repayment Terms||Monthly payments|
|APR||0% APR for first 12-18 months|
|Best For||New startups and early stage businesses that need guidance and funding|
Startup Business Funder helps arrange business capital for new startups and early stage businesses. Its team reviews funding applications for entrepreneurs and helps revise them so as to improve your chances of success. Startup Business Funder gives a fast funding estimate and then often goes on to assist startups to exceed that goal.
Startup Business Funder is best for small startups and entrepreneurs that don’t want to waste time having funding applications denied and just want to hit the road.
Startup Business Funder provides a drastic shortcut to startup capital success. It doesn’t charge any upfront fees so you won’t pay anything unless it succeeds in getting your funding through. Thanks to its strong connections with business lenders, Startup Business Funder has the tools to push funding applications through. By approaching multiple lenders on your behalf, Startup Business Funder greatly increases your chance to get the money you need. Startup Business Funder also gets the capital you need quickly, with a loan coming through in 1 to 3 weeks from submission of the application.
|Full startup funding assessment||Limited information about APR rates|
|Connections with multiple lenders||Website seems lacking in depth|
|Fast underwriting process||No live chat|
Startup Business Funder’s application process can be started online by completing a simple form that asks how much money you need and for what purpose. Then you’ll be asked your business contact details and receive a return phone call from a Startup Business Funder consultant who’ll discuss your startup needs with you. It only takes up to 2 hours to get a business funding estimate through after that.
You’ll need to share in-depth details about your business profile so that Startup Business Funder can analyze your startup and provide a funding estimate. Startup Business Funder has an entirely paperless application process – you can submit documents securely online.
Once you’ve received your funding estimate and accepted the proposal, Startup Business Funder will send in your application as soon as the same day to the lender that they judge to be most suitable. Your startup loan should come through within 1 to 3 weeks.
Startup Business Funder helps startups and entrepreneurs borrow any amount between $5,000 and $500,000 for purposes that range from working capital to business expansion and include paying for equipment leases and debt consolidation. There are practically no limits to what you can do with a startup loan through Startup Business Funder. Payroll, marketing, emergencies, and remodeling are all fair purposes.
There are no specific eligibility requirements listed on the site, but Startup Business Funder will need to know your business plan as well as basic business documents. Startup Business Funder takes a holistic view of the viability of your startup instead of just focusing on your personal credit score.
Repayment terms are one of the key features of Startup Business Funder. During the introductory period, usually 12-18 months, the minimum monthly repayment amount is 2% of the total funding amount, meaning if you receive $50,000 in funding, the total monthly payback is only $1,000.
Startup Business Funder is committed to protecting users’ security by storing all confidential information on a secure, encrypted server. The security policy describes the care taken to maintain a high level of security compliance with data protection best practices.
Unfortunately, Startup Business Funder doesn’t have a lot of information available on the website. It seems like you have to get in touch via phone or email to get information about rates, loan terms, specific eligibility requirements, and other practical information.
Although there’s no live chat and customer support is not available 24/7, Startup Business Funder does have many positive reviews for its customer service. Startup Business Funder places a lot of importance on its good customer support and tries to go out of its way to help out entrepreneurs.
Overall, Startup Business Funder is dedicated to helping startups, entrepreneurs, and early stage businesses to access the funding they need to get started, grow, and maintain a positive cash flow during their initial months and years. The fast turnaround time and expert assistance in refining funding applications gives startups the edge when they use Startup Business Funder. Positive customer support and no upfront fees also make it an attractive stop for startup funding, but there could be a lot more information on the website to help entrepreneurs make an informed decision without having to call up.
6399 Wilshire Blvd. #PH7
Los Angeles, CA 90048