Startup Business Loan Rates

A startup business is just like a small business – it would need help, assistance, and support during its first and early days. Even if the owner is wealthy, putting in everything in one pot might not just be a good idea; when it goes bust, the money’s burnt as well.

That is why business owners usually seek help from financing and lending companies for funding their startup business. Aside from that option, they can also apply for a startup business loan and pay monthly for the loan they were approved.

Many options roam the industry, and it’s up to you what option you would choose. But for a startup business, acquiring a few debts might be useful and better than having other investors share a percentage of your own company with you.

Startup Business Loan Rates-SoFlo Funding - Lines of Credit and Business Loans-Get the best business funding available for your business, start up or investment. 0% APR credit lines and credit line available. Unsecured lines of credit up to 200K. Quick approval and funding.

Here at SoFlo Funding, we love educating you on the funding process, whether you are a startup or an established business. So below are two of our preferred funding partners that we highly recommend. Fundwise Capital and David Allen Capital have provided the top funding solutions for thousands of entrepreneurs nationwide. You can read about them by clicking either of the two buttons below

What is 24+44?

Where can I Apply for a Startup Business Loan?

Telling you that there are a lot of options for you to get a startup business loan would be an understatement. There’s a vast and a wide list of choices you can take and it’s not just with banks. In fact, banks have slowly strayed from approving small and startup business loans a few years back.

The SBA

Many people are not aware of the SBA and therefore, they pass the opportunity. The Small Business Administration or simply, the SBA is a government agency that assists and supports entrepreneurs and small businesses in the country.

They can provide startup business loans to entrepreneurs and business owners who need it. Compared to banks, they have a more flexible set of repayment terms and they have a lot of programs that people can take advantage of.

Crowdfunding

Another good option is through crowdfunding. Crowdfunding is the act of gathering money from a large pool of investors to raise the capital needed to start the business as well as have it operational. Usually, investors in that fund would ask for rewards-based payment or through equity of the business.

Funding and Lending Companies

When we speak of startup business loan rates, the rates that lending and funding companies are considered to be the highest. They’re higher than banks, credit unions, and the SBA – the advantage of you working with these companies would be the fast release of the funds, as well as the assistance with the funds.

If you are to choose the last option, you need a reliable and a dependable company. A lot of companies will tell you that they’ll help you and guide you on how you can maximize the funds you’ve gotten but in reality, they really would not.

But here with us in SoFlo Funding, we’ll try to give you the best treatment any company or agency can. We understand that startup businesses need funds and money to start and operate – and we definitely get that there are a lot of people who need it.

In fact, a total of 24% of all entrepreneurs in the country rely on various loans to start their road and their path to entrepreneurship. It’s a large number, considering the fact that there are about 30.2 million small businesses in the country and about 5,700+ fintech startups.

At SoFlo Funding, you’ll be well taken care of. Our company specializes in producing successful and profit-driven startups by helping them apply for loans.

Our Rates for Startup Business Loans

Akin to what and how other lenders charge, we charge quite higher than the regular rates for unsecured business loans. But to give you a general idea, the rates for startup business loans can be anywhere from 10 to 28%.

Borrowers who would be qualified can see a decrease to that to about 7 percent. With us, you can get that figure and you can get even better if you plan on putting up some type of security like a collateral. If a collateral is involved, we can get you a 0% interest rate on your first few months to 21 months depending on the agreement.

Unsecured loans, by nature, have higher interest rates because it’s a risk for the lender. But with SoFlo Funding, your perspective will truly be changed. You can get the best and the lowest rates of startup business loans with us.

Not only that, you’ll enjoy the urgency of how we work – we never make our clients wait, We approve applications in about 24 to 48 hours from the completion of the application. Should a client be approved, they can expect the funds anywhere between 14 to 21 days!

The Whole Process in Less Than a Month

Where can you find the entire process – from the application to the release of funds – in less than a month? You can only find that here with us at SoFlo Funding! Banks and other institutions take about 3 to 4 months for the dispersion of funds, and for us, that’s ridiculous.

So if you ever find yourself in a situation where you want the best amount for startup business loans – apply for ours here at SoFlo Funding!

What is 24+44?

Here at SoFlo Funding, we love educating you on the funding process, whether you are a startup or an established business. So below are two of our preferred funding partners that we highly recommend. Fundwise Capital and David Allen Capital have provided the top funding solutions for thousands of entrepreneurs nationwide. You can read about them by clicking either of the two buttons below

Below are some of the loan products that you will get from our company: