Finding funding for your business can be challenging whether you have just started your venture or have been in business for years. Check out these 5 funding options that are suitable for all businesses - but especially those who are just getting started!
#1. The Paintbrush Loan
The Paintbrush Loan is the earliest and fastest startup funding available. They offer $50,000 five-year team loans best for businesses that are registered as an LLC or corporation.
Who is the Paintbrush Loan best for?
Business owners with a 720+ credit score
2 years of personal income history over $100,000
No minimum time in business or business revenue requirement
Startup loans are intended for businesses that aren't yet profitable. These loans can be used for a variety of purposes, from purchasing equipment and inventory to hiring staff and marketing your business.
While business grants don't have to be repaid, they are more competitive to be awarded but can give your new business the financial boost it needs. You can easily find business grants through our Grant Marketplace, which is updated weekly!
Who are business grants best for?
Business owners with time to apply for grants
Eligibility requirements will vary by grant, so check all requirements before applying
Read the full guide to learn more about these funding options and two others!
Apply now for the Index Small Business Sweepstakes grant. The winner will get $5,000 in cash to use toward their business in any way they see fit — whether to invest in branding, marketing, equipment upgrades, inventory, or even just cash reserves for a more stable footing.
To qualify, simply submit your application and tell them how you would use the grant award. Deadline to apply is May 31, 2023.
Lendio is the nation’s leading small business loan marketplace. With a single, free application, business owners can gain access to over 75 financial institutions that offer a number of different financial services. They have options from term loans and lines of credit to SBA loans and everything in between–all in one place.
What are the minimum requirements Lendio looks for?
The Paintbrush Loan is provided through Continental Bank, Member FDIC, and is subject to eligibility, underwriting, and approval.
All such loans made through Lendio Partners, LLC, a wholly-owned subsidiary of Lendio, Inc. and a licensed finance lender/broker, California Financing Law License No. 60DBO-44694.
Fundid Inc., 1515 East Broadway, Missoula, Montana 59802
