This Free Service Makes It Easy to Find the Right Loan for Your Small Business Fundera can find funding that's tailor-made for your needs.
By Entrepreneur Store Edited by Jason Fell
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If you own or plan to own a small business, you probably already know that, at one point or another, you're going to have to borrow some money. But with so many different loan options, it can be intimidating (not to mention time-consuming) to try to find the right one. This is why Fundera by Nerdwallet can be such a godsend for entrepreneurs in need of funding.
With all of the different financing options out there, a simple way to compare all of them at one time would be an invaluable timesaver, especially for anyone working overtime to get their business off the ground. So you'll be pleased to know that Fundera is exactly that — an online one-stop shop where you can compare and apply for dozens of different loans at once.
Fundera: Compare your funding options at once.
Here's how Fundera works. You start by filling out one, just one, simple online application. After you answer a few brief questions, Fundera will automatically determine which lending products your business qualifies for. And since only the best lenders in each lending category are allowed to offer their financing on the Fundera marketplace, you'll know that you're only applying for loans that are worth your time and attention.
After the application is complete, Fundera may connect you with a lending specialist. These specialists are experts in the field of small business loans. They will work diligently toward finding just the right financial arrangement for your own unique business.
While you focus on other aspects of your business, your Fundera lending specialist will look to find the very best available loan for you. Where other business owners have to shop for their own loans, Fundera automatically matches you with an array of potential funding options, while your lending specialist works on your behalf to get the very best one.
After a short wait, the lending specialist will deliver a list of the best multiple offers — not potential offers, but actual offers that you have already qualified for. They'll walk you through the details of each one, help you crunch the numbers, and figure out which is best for your business. With Fundera's help, you can make an informed decision about which offer you accept with the confidence that it's practically tailor-made for your own specific business needs.
You get ongoing support, too.
But receiving a great loan isn't the end of your relationship with Fundera. Instead, your lending specialist will help you work up a plan to make the best of your new financing, and work towards getting even better terms when the time comes for you to secure more. And of course, Fundera will be there when that happens to help you through the process all over again.
Fundera is a dream come true for any business owner dreading the prospect of sifting through the myriad loan options out there. And when you sign up for Fundera, you're making use of an online platform that is on your side. To be clear: Fundera makes its money from referral percentages paid by the loan provider once funding is secured, meaning that users never pay a cent for the invaluable services they provide. And Fundera's only job is to give you the best, pressure-free, loan advice.
A variety of small-business loans to meet your specific needs.
It's easy to refer to Fundera as a loan marketplace, but "loan" doesn't really capture the breadth of lending products available on the platform. With Fundera, you're accessing the following lending products with one short and easy online application:
Small Business Administration Loans
Term Loans
Equipment Financing
Invoice Financing
Business Line of Credit
Short-Term Loans
Merchant Cash Advance
Startup Loans
Business Credit Cards
Personal Loans