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If your business has taken a hit in recent weeks, one thing is for sure — you’re definitely not alone.

Businesses all over the country have felt the shockwave of this pandemic. Non-essential businesses have had to temporarily shut their doors, and many have even had to lay off workers.

Those that are still trying to stay afloat during these turbulent times find themselves under immense financial pressure as they search for ways to pay employees, rent, and other bills.

And now, relief is here.

The federal government has provided relief loans during this time to help small businesses in need.

And guess what? With Fundera, you can apply right now for free.

Fundera is a small business loan marketplace that is helping to get Paycheck Protection Program and other relief loans to small business owners.

Its super simple, user-friendly application form ensures your application gets seen as quickly as possible.

Fundera will return pre-approved relief loan offers from up to 25 lenders, with funding as fast as 24 hours.

Paycheck Protection Program (PPP)

With the Coronavirus Aid, Relief, and Economic Stability Act (CARES Act), the Paycheck Protection Program (PPP) authorized $349 billion in federally guaranteed loans.

This allows small businesses to borrow up to $10 million to cover permitted payroll costs, which include salaries, health insurance premiums, rent, utilities, and interest on debt obligations.

Your business can borrow up to 2.5x of its average monthly payroll costs. For example: if your monthly payroll is $20,000, you can borrow up to $50,000.

And get this — these loans have an interest rate of just 1%. No, that’s not a typo!

The term of the loan is two years with the first payment deferred for 6 months. There is no collateral, no personal guarantees, and no borrower or lender fees payable to SBA.

But check this out — PPP loans also have a loan forgiveness program.

This means businesses that use the Paycheck Protection Program are eligible for complete loan forgiveness for the amount they spent on payroll costs, rent on a leasing agreement, payments on utilities, and additional wages to tipped employees.

PPP loans have eligibility requirements that your business must have been in operation on February 15, 2020.

How Do I Apply for a Relief Loan Through Fundera?

To apply for a PPP loan, fill out the simple application form on Fundera’s website. Fundera charges no fees and it’s completely free to apply.

Once you submit your application, you can sit back and relax while Fundera searches through products from dozens of top lenders to uncover your best offers.

A Fundera lending specialist will even help you compare your offers and select the best loan for you.

The post Here’s How To Get A Coronavirus Relief Loan For Your Business appeared first on Wall Street Insanity.

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No investors that take royalties and equity in your company. No perfect business or personal credit needed. Just fast funding when your business needs it.

So, what’s the catch?

Get this — there isn’t one. Fundera makes it simple for businesses of all shapes and sizes to get the funding they need.

The company offers a wide range of products, from small business loans to startup business loans, and lines of credit, to name just a few.

Have you already been turned away by investors, or denied by banks? You’re in good company.

When Options Were Few, This Startup Got Fast Funding with Fundera

When Shayna Ferullo and Manuel Ainzuain decided to turn their passion for coffee into Snowy Owl Coffee Roasters in 2015, they had enough capital to get their fledgling business up and running in the Cape Cod community.

But as many entrepreneurs often do, they underestimated just how much capital would be needed to keep up with demand and grow their business.

Funding opportunities were actually dead ends. Shayna and Manuel applied at a local development organization, as well as a bank, and were either denied or never got a response.

That’s when they found Fundera.

They connected with one of the company’s account managers, who helped the couple get quick funding to sustain the business’s first seasons of highs and lows.

Thanks to Fundera, the small-batch coffee roaster doesn’t have to worry about merely surviving.

They are looking to future, where huge milestones, like bottling their cold brew and expanding into Boston, are very much on the radar.

How Do I Get Funding Through Fundera?

If your business is at a point where it needs an extra boost or has hit a rough patch, Fundera may offer the help you need to get funding!

And the process of getting funds is simple. Fill out one short application form, providing some basic information about your business. From there, you’ll receive all of the lending options potentially available to your business.

Fundera will then connect you with a lending specialist. That person will help you break down your options, walk you through all of the number-crunching, and become a personal resource for you!

Ready to pull the trigger on a loan? Once you receive an approval, you’ll receive your funds as soon as one business day!

What’s more? Fundera is not only free to use, but completing an application and comparing lending options will have no impact on your credit score whatsoever!

More than 35,000 small businesses have secured over $1 billion in total funding through Fundera.

Check out your lending options through Fundera today and get your business the funding it needs to thrive!

The post Here’s How To Get Up To $5,000,000 In Funding For Your Business appeared first on Wall Street Insanity.

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It’s not always easy to get funding for your business. Strategies that involve crowdsourcing can be hit or miss, and working with investors presents its own set of challenges.

Most of the time, you’ve got to have a reliable track record, show signs of an upward trajectory, and offer significant value before you can convince investors that lending to you is a worthwhile investment.

Particularly if you’re a startup without the sales or the cash flow to get your fledgling business up and running quickly, finding ways to fund your endeavors is vital. Yet it can be difficult, as many investors are hesitant to back startups, due to volatility.

Fortunately, you may not need to lean on these people! Here are four ways to get funding without help from investors.

1. Secure a Small Business Loan with This Company

Need funding fast? You may be able to get the money you need quickly with a small business loan.

Lenders may look at your business credit if you’ve been operating for at least a year. But if you’re starting a new company or if your business is still relatively young, a lender may very well look at your personal credit before granting you a business loan.

Fear that either your personal credit rating or business credit rating might not be good enough? Even those with fair or average credit may be able to get a line of credit of up to $250,000 with Kabbage.

With 6, 12, or 18-month repayment terms, you’ll be able to pay back whatever you use without origination fees or prepayment penalties. Of course, there is no obligation to take those funds. Simply take what you need, when you need it, using the Kabbage desktop portal or mobile app.

Thanks to a simple, paperless application form, you may be able to get a decision on your application in minutes. If approved, your funds will be available immediately.

You can apply for a small business loan with Kabbage if you meet the following minimum requirements:

• Your business has been in operation for at least one year
• Your revenue is at least $4,200 per month over the last three months or $50,000 per year

2. Ask This Company for an Advance

A common issue that small businesses and startups have with business loans is inconsistent revenue. While a large monthly payment may be doable one month, it may not be as doable a few months down the road.

Clearbanc offers a solution to this problem by offering what is called a “merchant cash advance.” Using this model, businesses are able to withdraw money as needed; and rather than requiring a fixed payment each month, Clearbanc takes a percentage, along with a flat fee, of each sale the business generates.

When you apply for an advance with Clearbanc and receive an offer, you will have a chance to negotiate your fee rate and finalize an agreement. You may be able to close out the entire process and receive funding in as few as one or two business days.

With offers that range from $10,000 to $10,000,000, Clearbanc offers plenty of capital for businesses of all sizes.

As long as you meet the following requirements, you can apply for an advance with Clearbanc:

• Your business has at least 6 months of consistent revenue
• Your average monthly revenue is at least $10,000
• Your business must be incorporated

3. Use This Website to Get a Personal Loan

If your business doesn’t have the revenue or credit history to be able to secure a business loan or advance, you may be able to rely on your personal credit rating to get funding for your business with a personal loan instead.

A personal loan allows an individual to borrow money from a bank, credit union, or lender, and pay that money back over time with monthly installments. Most personal loans are “unsecured”, meaning not backed by collateral.

You can use a personal loan for just about anything, including paying off a debt, paying medical bills, or home repairs and improvements; but you can also use it to fund your business’s endeavors.

Rather than scouring the web for different lending options, however, you can get multiple top options through Credible.

With just two minutes of your time, Credible will return up to 11 potential lenders offering personal loans ranging from $1,000 to $100,000.

You can compare interest rates and terms, and apply for your preferred option in minutes. After receiving approval, you may receive your funds as soon as the next business day!

With Credible’s best rate guarantee, you may be able to earn $200 if you find a better rate elsewhere.

4. Put Your Business Credit Cards to Good Use

If investors and loans aren’t in the cards, your business may be able to get a lot done with a few good credit cards.

Some of the best credit cards for businesses feature a 0% intro APR, which allows businesses to pay money back at a later date without racking up hundreds of dollars in interest.

Of course, be wise when using credit cards and applying for them. Heavy use of bad credit cards can quickly plunge your company into heavy credit card debt. Look for cards that have low APRs, cashback and travel rewards, and favorable balance transfer terms.

See a list of top business credit card options.

Getting Business Funds Doesn’t Have to Be Difficult

Would you rather get your money and not have to part with equity in your company or royalties on sales?

While partnering with investors can offer a few unique advantages, carefully consider how giving someone a piece of your business might impact your business down the road. Sharing revenue with another party certainly has the potential to hurt your business’s profits.

With a few ways to get funding without investors, however, you’re well-positioned to get money for your business without some of the same long-term implications.

The post 4 Ways To Get Funding For Your Business (Without Investors) appeared first on Wall Street Insanity.

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Small business owners often need extra funding to even out cash flow or take advantage of opportunities. Tax time might cause a cash crunch. The holidays may call for new inventory and extra help. You might need to purchase supplies and materials before starting a new job. For thousands of small business owners, National Funding small business loans are the solution.

Traditional lenders have never put out the welcome sign for small businesses. The traditional loan process doesn’t work for small business owners, either. It requires loads of paperwork and can take weeks, even months. National Funding business loans are an app-era alternative to the big retail banks.

National funding small business loans can be obtained without any sort of collateral or down payment, and business owners can get lightning-fast approval and funding using an easy online application. Since 1999, National Funding has originated over $2.5 billion in loans to more than 40,000 businesses in a wide array of industries. The company has great customer reviews and an A+ rating from the Better Business Bureau.

Small business owners who need quick funds to purchase or lease equipment, manage payroll, pay for marketing or even taxes can get money in as little as 24 hours. National Funding also offers early repayment incentives as well as relaxed credit score requirements.

Who National Funding Loans Are For:

National Funding small business loans serve as an alternative source of quick cash for business owners who wouldn’t qualify for funding from traditional big banks or want to avoid the time-consuming and tedious process. If you own and operate a business that needs funds for capital expenditures, business development, equipment financing and leasing, or simply to fill cash-flow gaps or have cash on hand, then a National Funding loan might be your best option.

While some business owners may turn to credit cards for short-term financial needs, the ridiculous interest rates can lead to disaster – making alternative lending a much more cost-effective option. Retail businesses, contractors and construction businesses, medical practices, family farms, landscaping companies, and a plethora of other types of businesses have relied on National Funding to help in all sorts of ways.

National Funding Business Loan Options:

National Funding business loans can be applied for, approved, and funded in as little as one day – but there are different loan options and certain requirements that need to be met first. The eligibility criteria are much more flexible than typical small business lenders, but there are requirements nonetheless.

Let’s check out the two main types of National Funding products: small business loans and equipment financing and leasing.

National Funding Small Business Loans

• Between $5,000 and $500,000
• Minimal paperwork
• No collateral

Small businesses can get up to half a million dollars from National Funding to help run and grow the company. Lending solutions are customized for each business, so business owners can be sure they get the right small business loan for their particular needs. Business owners can use the money to cover capital expenditures, keep a high reserve of working capital, or whatever the firm needs.

In order to qualify, your business must:

• have been in operation for 12 months
• be generating revenue of at least $100,000 per year

Equipment Financing & Leasing

• Up to $150,000 to finance or lease pre-owned or new business equipment
• Almost no limitations on types of equipment

Setting up a business, or even just updating or improving your existing business, can cost much more than you would imagine. Physical equipment purchases can be necessary if certain businesses are to stay afloat. National Funding can get you up to $150,000 for pretty much any type of equipment – it’s your choice and there are hardly any limitations. There’s also the potential for tax savings with the special Section 179 tax deduction.

Here are the requirements for a business to get financing for equipment purchases from National Funding:

• In business at least six months
• An equipment quote (new or pre-owned) from a vendor

How to Get Started & Fund Your Business

If your small business has been in business for at least a year (or just six months for equipment financing and leasing), then you may qualify for a National Funding small business loan. The application process is quick and simple, and you can get funds in your bank account in as little as 24 hours.

Get a quote for a National Funding small business loan now.

How To Get A Quote

It’s incredibly fast and easy to apply for a National Funding business loan. All a business owner needs to do to get a quote is head over to the National Funding homepage and fill out the 1-page application form. You may be asked to provide:

• Three months of bank statements
• Personal information about the business owner (like your social security number)
• Your business’ tax ID

Getting Your funds

You can receive your lump-sum business financing in as little as 24 hours, subject to how soon you submit your required documentation – and how long your bank takes to process such deposits. With a National Funding small business loan, funds can be in your bank account in as soon as the next business day after your online application.

Repayment

If business owners pay off their balance early, there is a discount of 6-7%

Conclusion

National Funding is a reputable alternative lender that offers affordable funding solutions to small business owners. With easy credit score requirements and a super-fast application process, National Funding small business loans get cash into borrowers’ bank accounts in as little as one business day.

If your business needs cash quickly, has been in operation for a while, and is also expected to generate more revenue than the principle of your loan, then a National Funding loan might be the perfect solution for you.

Get an instant quote from National Funding now.

The post National Funding: How It Can Help Fund Your Business appeared first on Wall Street Insanity.