The problem with traditional business loans
Even though the U.S. economy is on an upward trend, extensive paperwork, the need for collateral, low degree of flexibility and slow process that’s characteristic of established banks make traditional business loans less and less accessible to small business owners. According to industry metrics only 1 of 4 small businesses are eligible for a bank loan while the approval rate is much higher with alternative lenders.
Alternative business funding options
Alternative business lending has come a long way since the late 2000s and more small business are looking at this type of financing as a reliable source of working capital. The application and approval process is done exclusively online and business owners are able to receive the funds in 24 hours or less.
Why apply for alternative business funding
It only takes a few minutes and 3 easy steps to find out how much your business qualifies for.
We analyze your business from different angles and look at more than just credit scores when evaluating your file.
High approval rates
Access to multiple exclusive funding products allows us to approve over 70% of business that apply.
How do we help?
Revenue based business fundingLearn more
Our most popular program based on your business revenue & performance over the last 90 days. Fit for small-sized businesses generating at least $10,000 in monthly revenue.Learn more
Fundomate’s flexible business funding program gives you competitive rates and the option of early payoff at any point during the term. This allows you to focus on the core of your business and worry less about cash-flow.Learn more
Line of credit
Designed for merchants with a FICO credit score of 680+, this program allows you to access up to $500,000 and lets you maximize the use of the funds throughout the entire term. Compared to similar products on the market for which you have to pay part of the principle back right away and put the lender first, our line of credit alternative focuses on giving your business a competitive edge.Learn more