Science

There's an Easier Way to Fund Your Business... Here's How

There's a solution to getting your small business off the ground.

by Ally Sabatina
Unsplash / Adeolu Eletu

We all know that the difference between a good idea and a bad idea is often the right amount of cash to convince people it’s a good idea. So if you think you have a good idea, one of the last things you have to do before you’re actually getting somewhere is secure a funding source for all your early expenses. But even thinking about navigating the financial mindfield of America’s land of opportunity is enough to make any normal person’s head spin, so figuring where to begin with funding can be a full time job in and of itself. That’s where Lendr steps in.

Lendr is funding made simple. As intuitive as any well made website, Lendr lays it out plainly. Lendr operates by providing a client cash advance, which is a very quick way of getting the cash you need. You apply through a simple form on their website that asks how much funding your business seeks, how long you’ve been in business, how much you make in monthly revenue, the name of your business and the state in which you operate in. After that, you just have to fill out easy questions like your first and last name, email address, phone number and estimated credit score.

As long as you meet their criteria—of which they are very transparent about—of being in business for 12 or more months, make more than $10k in monthly revenue and have a credit score of 520 or higher, you can be approved for up to $300K in less than 2 minutes. Sound too good to be true?

Let’s get down to the brass tacts. With flexible payment plans and variable payment schedules, you can get up to $300k from Lendr at rates starting at 1.25% a month. Terms beginning at 4 months. Head spinning?

After you apply, Lendr pairs you with a financial expert that carefully matches you with the best funding solution for your business. If you’re approved, funds can be made available to you as soon as 2 business days.

So if you have a good idea, and you’ve happened to make it into a business and now you’re wondering what the next steps are for growth, Lendr might be the easy funding solution you’ve been dreaming about. Apply easily today without impacting your credit score.

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