Hotel Business Loan
Fundrly Can Help
Cover Expenses
Purchase Inventory
Expand
Pay Bills / Payroll
Run Your Business
Online Business Loans for Larger Expenses
When business owners are looking to get a business loan, they’re usually looking for a large sum of cash, which can be repaid (with interest & fees) in fixed installments over the course of several months or years. These types of loans are called term loans, which is the most common type of small business loans. Unfortunately, not all business owners can qualify for a business loan from a bank because they may have a low credit score, or they haven’t been in business long enough. Other businesses need to get money quickly and don’t have the time to wait for a bank to make a decision. This is why alternative lenders such as Fundrly offer online financing to help business owners that do not qualify for or don’t have time for, traditional small business loans from banks.
Receive Funding With a Lender That Understands Your Needs
Apply in under 5 minutes and receive an instant quote
$4,000,000
Maximum Loan
Amount
6 – 18 months
Repayment Period
Daily, Weekly or Semi-Monthly
$150+ Million funded
Interest Expense Starting at 1% per Month
Rates and Fees
Minimum Qualifications for Financing
1 Year
Time in Business
$250,000
Annual Revenue
600
Credit Score
Popular Uses for Small Business Loans
The top small business loans offer the money you need with a realistic repayment term. Funding can be used for any business needs, but are generally used for the following expenses.
Inventory
Expansion or Renovation
Marketing
Payroll
Adding New Services
Outstanding A/R
Relocation
Equipment
Seasonal Support
Why Choose Alternative Lenders Over Traditional Bank Financing?
Fundrly is a non-bank lender. Unlike traditional bank financing — which regularly has strict requirements and can take weeks or months long for the application and funding process — getting financing from non-bank lenders can provide a faster and smoother application and funding process.
Our online application requires little to no paperwork. We require applicants to fill out some business details and submit the last 3 months of business bank statements. Once you are approved and the contract is signed, your funds can be transferred to the desired bank account the next business day or sooner.*
When comparing to a traditional bank loan, our loans:
- Our qualification requirements are straightforward
- Can be decided same-day* on applications received before 10 a.m. ET
- Require little to no paperwork
- Can offer same-business-day
funding* - Help new businesses open for
at least 1 year - Offer same-business-day
funding*
FAST Approval for Existing Small Business
Professional Services
Insurance Agents
Accounting, Book-Keeping & Tax Preparation
Funeral Services
Laundry and Dry Cleaning Services
Building Cleaning and Maintenance
Retail Services
Grocery Stores
Liquor Stores
Tobacco Stores
Convenience Stores
Automotive Services
General Automotive Repair
Tire Retreading and Repair
Transmission Repair
Glass Replacement
Top, Body and Upholstery
Carwashes
Healthcare Services
Doctors
Dentists
Chiropractors
Veterinarians
Home Health Care Services
Home Nursing Care Facilities
Home Pharmacies
Manufacturing Services
Consumables (Food, Beverage and Tobacco)
Food Product Machinery
Medical Devices, Instruments and Supplies
Special Trade Contractors
Plumbing, Heating, AC
Roofing and Siding
Electricians
Flooring
Excavation, Wrecking & Demolition
Architectural & Engineering Services
And Others...
Breakdown of the Costs of a Small Business Loan
Below is an example of the costs that are associated with every small business loans that we fund.
Average 2%
Monthly Interest
Of Loan Amount
No Hidden
Costs
No origination fees or prepayment penalties
The Advantages With Our Small Business Loans
Pay Back Early and Save
Customers that are in good standing and pay off their loan early receive a 35% discount on non-accrued interest.
Get More Funding When You Need
If you are to get approved for a second loan before paying back your first, we'll discount 100% of unpaid interest on your first loan and will roll over any of the outstanding principal from your first loan. Eligible customers can apply for additional funding as soon as 60 days.
Speak to a Funding Specialist