Starting a small business is always an exciting adventure. It is a massive step towards the ‘American Dream’ that so many pursue and hope for. Putting your ideas and your skills to the test in the free market couldn’t be any more challenging and rewarding.
But what happens if you don’t have the resources to get started in the first place? What happens if you can’t seem to make investors believe in your small business idea?
Getting funding is a battle that every small business owner has to fight. But, it isn’t a fight that you have to manage alone. Small business funding solutions don’t need to involve shady loans or shark-like deals.
Sometimes you just have to know how to find creative business financing for your small business but there is help for many people that you simply haven't thought of yet.
Fundwise Capital is designed to help small businesses get the capital they need without signing their souls away. Let’s take a look at what Fundwise Capital is and why you should choose them for your small business funding.
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About Fundwise Capital
Fundwise Capital is a capital investment firm designed to provide funding for small businesses and large enterprises.
They operate as an intermediary for banks and businesses to acquire the funding they need to get them up and running. It’s like having a personal loan expert in your corner when you need money, and fast!
The company helps entrepreneurs both personal and business enterprise through making the necessary calls, applications, and connections to find business capital investments.
This is the key takeaway from what they provide as a service. It is not a bank. They work for you.
The Benefits of Choosing Fundwise
Now that we know what this company is, we should dive into exactly why you should choose their services as a small business owner.
After all, taking on the help of a third party when you are already wrestling with start-up costs may seem counterintuitive. But, never fear, we have the answers you are looking for!
We have all heard the saying, ‘it’s not what you know, it’s who you know’. However, when it comes to money, it’s best to have both knowledge and connections. That is the benefit small business owners get with Fundwise.
The team has built up a virtual rolodex of connections and names for lenders and investors to choose from. They have the ability to connect you with those who have the money you need, and the ability and willingness to loan it to you. These are connections that most small business owners do not have access to.
Multiple Avenues of Funding
Most small business owners will seek out funding from banks. These can come at a great cost with interest rates and high monthly payments. While banks serve a great purpose, they aren’t the only way to get money.
Fundwise has the ability to connect small businesses with not only just banks, but peer to peer lending and venture capitalists as well. This means that you will always have the chance to seek funding from other sources, outside of a large banking institution.
Lightning Fast Funding
Fundwise is a leader in delivering incredibly fast funding for their clients and partners.
While many small businesses find themselves stuck in funding purgatory, Fundwise can get you money in as little as 2-3 weeks.
Once the credit inquiry is performed, and your credit report comes back positive, they can get you started on your personal loan or small business funding solutions in no time.
Small Business Minded
The company was started by a team of entrepreneurs in 2013. They were a group of business minded individuals who were dead set on changing the way that small businesses get the funding that they need. That's what sets it apart from other funding firms.
They have designed and tailored services for small businesses and their owners. They go out of their way to help small businesses get the funding they need, as opposed to forcing them to grow and expand before they will consider them which is a problem many competing funding firms have. The size and age of your business will never work against you.
Removes Many Obstacles
The company has made it their mission to get funding to the small businesses that need it. This means that they have done a remarkable job at removing any obstacles in the way of accomplishing that for small business owners.
Their funding process only requires one simple thing, a qualifying credit score. That’s it. No collateral is required, no minimum business size or proof of success.
Even those with low credit scores can bring on business partners to help accomplish the funding. The process really is as easy as possible for those who need a boost in the early phases of operations.
Small business owners know that there are never enough hours in the day. Most small business owners have to perform the duties of CEO, President, CFO, Marketing Director, Sales Manager and more, all at the same time!
This can make finding time for anything else feel impossible--especially finding time to pitch to investors and banks for a loan.
Finding funding through Fundwise saves you time and effort which equals money. You can worry about running your business while the financial experts at Fundwise get you the money you need.
Why Do Small Businesses Need Funding?
In a perfect world, every small business owner would be able to open up shop and take off running from day one. This is the dream for every small business owner - to flip over the ‘open’ sign and see all of the happy smiling customers pour over themselves to get in! Unfortunately, that isn’t always the case.
In most cases, small businesses can go several months to several years without turning a profit. This makes it incredibly hard to grow and keep the business afloat. That kind of expansion requires capital.
Money is needed to keep the ‘lights on’, keep product in stock, pay for labor, marketing, and many other expenses. When you are too busy worrying about the bare necessities, it's hard to look forward to the future.
Getting additional funding in the early stages of operations can be a huge leg up over the competition. Having cash-in-hand to use on marketing campaigns, developing better products, building your website and social media, can make all the difference between incredible growth and success or epic failure.
As the saying goes, ‘you need to spend money to make money.’ Well, you can’t spend money that you don’t have. That is where early funding comes in. This company makes it easier for small businesses to grow quickly and scale their operations.
They help take the financial burden off your back so that you can run forward freely. That is why small businesses need early funding.
How Does It Work?
The process of getting funding from Fundwise Capital is amazingly straightforward. As a small business owner, you simply contact them and begin the process of seeing if you qualify for their services.
This generally requires a personal credit score of 680+ for personal loans or 500+ for business owners. There also needs to be a clear track record of good payment history on time.
Once the credit inquiry comes back, they will begin the process of counseling you on your options and how you can get the funding you need. They offer their clients loans up to $200,000 for their small businesses.
This money can be accessed, as we mentioned, through bank loans, P2P lending or venture capitalist investment loans.
Depending on the objective of your business, the loans can look quite different. Whether it be equipment costs or start-up costs in general, the end result doesn’t matter.
The team will set out to evaluate your needs and get in contact with the right networks for your situation.
That’s it! It’s as simple as that. The process can be incredibly fast and funding can become available to you within 10-21 days!
The fact that there doesn’t need to be any time wasted trying to pitch banks or investors means that time can be saved and used towards actually growing your business while Fundwise handles the financing.
Starting a business should be an exciting adventure, one that doesn’t see you crippled with financial burden. Getting off on the right foot is the number one reason for any small business owner to get funding early. The services of Fundwise Capital can make sure that your business has a fighting chance from day one.