My Story: Due to tax issue, I needed cash to cover a shortfall. Fundera got me the best deal an a much needed line of credit. A lot has been written of Fundera online, which helped me make up my mind.
Let me explain why I chose them:
Funds available on demandOnly pay for what you useAccess to a revolving lineFinancing that grows with you
Funds available on demand
Enjoy peace of mind by having money available for any business expense. Draw funds with a click of a button.
Only pay for what you use
No fees to open or maintain your line. No prepayment fees, monthly maintenance fees, or account closure fees.
Access to a revolving line
Draw as little or as much as you want from your available credit. Your credit line replenishes as you make repayments.`
Financing that grows with you
We support your business growth by getting you the right credit line for your business size at any stage.
Compare Lines Of Credit
A Business Line of Credit typically comes with lower interest rates and closing costs than traditional term loans of similar sizes
Late payments typically incur a higher interest rates on a line of credit
Traditional term loans have regular interest rates over the loan, which is a major difference with a business line of credit.
How You Use The Cash
A business line of credit tend to work better for repeated cash flow issues, while term loans often make more sense when it comes to specific purchases or one-off business investments. However, this doesn’t necessarily mean you can’t or shouldn’t use a business line of credit for business purchases, too.
Compare Lines Of Credit Today
Other Reasons To Pick Fundera
Designed for Growth
Get 100% of the funds upfront to invest in projects that help grow your business.
Their pricing is simple. Pay a fixed, weekly rate over 6 or 12 months, with no origination fee.
Apply online in minutes and have funds deposited in your bank account in as fast as a few hours.3Dedicated Advisors
Their advisors are available to walk you through the process and help you obtain the funds you need.