r/loansforsmallbusiness

What’s the best approach to secure funding for a very small (3 people) LLC that is education focused and delivers certification training with the goal being to train 300 professionals annually? Small business loans, business credit card? Ultimately need $15000 to launch. Thanks in advance.

If you've been denied by your bank for funding for your business what was the reason? Was it low credit score? Or was it due to no having enough revenue? Or any other reason?

Many clients I speak to in MCA’s end up getting screwed by predatory lenders.

100s of calls a day from brokers and lenders demanding their money after hidden fees and high payback rates that were never going to be profitable for that person’s small business.

Thats why Safeway exists, a legal debt management program. A team of veteran lawyers will renegotiate terms and rates of your loans and reduce both the total amount and interest rates. Success rate is 98%+.

If you’re monthly payback to MCA’s is over 50,000 you qualify. If you have at least 100,000 in MCA debt across multiple positions you qualify. We specialize in dealing with 3+ positions where consolidations are not suitable for a clients needs.
Clients would work directly with credible and experienced lawyers to smoothly manage MCA debt and open up more working capital opportunities.

NO UPFRONT COSTS OR HIDDEN FEES!

dm if you or anyone you know might be interested

my business is only 4 months old so traditional loans are basically off the table.

saw that Eagle Business Credit does invoice factoring with no time in business requirement. that's rare enough that it caught my attention.

the concern is i don't know how my clients would react to a third party contacting them about invoices. some of my contracts are with bigger companies and i don't want it to look like i'm in financial trouble.

anyone used them early on in their business? how did the client notification piece actually play out?

My husband and I have worked tirelessly to build a staffing agency that provides jobs to our community. We are looking to add a vehicle to our office to be able to transport people to and from work. In order to do that we’d have to cover a drivers payroll, and a vehicle. Any investors out there looking to make a quick roi?

Hey everyone as always just posting here for informational purposes to see what they can get approved for if they’re interested. This client had a bit of sticky situation, they already had a line of credit and wanted another one but some broker wanted to make some quick money and got them into a term loan behind it. Traditionally it would make it very difficult to get a line done behind 2 positions but we still made it happen thankfully because the clients balances were still high and his credit was good (700+) if you’re stuck in a situation like this or just want a line of credit without dealing with someone convincing you to take something you don’t want I’m happy to answer any questions.

We're looking to acquire an existing business and have been connected with a business loan broker. They said that they will help us put together a loan application and manage the entire end to end process of securing the loan from the bank. They are connected with a few different loan specialists in the different top 5 banks but they have a preferred partner among them.

They have asked for nearly 3% of the loan amount to help with this transaction, and this is definitely a lot higher than we imagined. They will be compensated from the bank as they are bringing them a client - similar to how residential mortgage brokers operate. Is this 3% of loan amount fee normal?

If anyone knows some business loan broker that they recommend, please share!

Hey reddit..I'm not great at asking for help but here goes ...

I'm going through a rough patch financially and honestly just a tough season in general. I've been pushing through trying to start my own business I have gotten so close but have now hit a wall...I just need someone kind and generous to believe and invest in me. I need $300 as I live in south Africa and the conversion to ZAR will be R5484. This would help me so so much.

Thanks for reading this far even. I appreciate you.

Title says it all. Im putting on a cabaret/skateboarding festival in Berlin on the last weekend of August in Berlin and seeking a loan or investor. If this is something someone might be interested in DM me and I can give more info.

been looking at Fundomate for working capital. their Trustpilot reviews are almost suspiciously good, like 4.8 out of 5 from 500+ reviews.

i've been burned before by a lender that had great reviews but buried the real terms in the contract. factor rates that looked reasonable until i did the math on the actual APR.

my business does about $25k a month, been operating 2 years, credit around 660. i need about $30k.

has anyone used Fundomate recently and can speak to what the terms actually looked like? not the advertised version, the real one you signed.

I am seeking a short-term bridge loan or private lending solution to refinance an existing mortgage secured by real estate in Stark County, North Dakota.

The property is my primary residence and includes acreage, a developed farmstead, and a large shop building. The bank’s recent appraisal reportedly valued the property at approximately $636,000, while the total debt payoff is approximately $219,000, creating roughly a 34% loan-to-value position.

The current lender has agreed to temporarily hold off on formally filing foreclosure proceedings while I continue pursuing refinancing, but conventional financing has been difficult due to credit damage caused during this situation and the fact the mortgage is currently past due.

I am not looking to walk away from the debt or the property. My goal is to secure short-term financing (12–24 months) to stabilize the situation, improve credit, and transition into conventional financing afterward.

Key points:

\* Property value: \~$636,000

\* Total debt payoff: \~$219,000

\* Approximate LTV: 34%

\* Primary residence + developed acreage/shop

\* Seeking bridge loan / private lender / asset-based solution

\* Open to reasonable terms and structures

I understand this is outside conventional lending standards, but given the equity position, I am hopeful the right individual or group may see value in the opportunity.

Serious inquiries only please. I can provide additional information, documentation, and property details privately.

Edit: this mortgage is on a shop building I had built 10yrs ago. The land, 26 acres and home, are paid for. My excavation business pays me personally $2000 per month rent for the shop. The monthly mortgage payments were $2000/mo. So the business, essentially, makes the shop payments. My business has a gross income of approximately $24000/mo. The reason I have landed in this situation is as follows: the mortgage will set up on a 30 year amortization with a five-year balloon. The five-year balloon came due in the past the bank had refinanced this time around. They did not. Their reasoning has changed four different times, the thing that I came to with the most logical conclusion. there was a discrepancy on a separate piece of property they claimed to have a lien on when in reality they did not. Then when I would not grant them a lien on that said property, they refuse to rewrite the note. My thought was they already had a property worth over 600,000 on a 200,000 note they didn’t need more.

Got a cold call from Lending Valley last week. rep was actually pretty decent, not pushy, explained things clearly. They're based in Brooklyn, do MCA and short term business loans. the pitch was fast funding, flexible terms. The only reviews i can find are on their own website which is obviously not the most objective source. couldn't find anything on reddit or trust pilot that was clearly from a real independent customer. Has anyone here actually borrowed from them? specifically curious whether the terms they quoted upfront matched what was in the actual contract, and whether the rep stayed reachable after funding or disappeared once the deal was done.

I'm tired of MCAs and want to get into something that I can truly use a tool to scale my business. I've heard all types of stories but what is actually the best program?

Got an offer from Creditfy. approval was fast which is either a good sign or a red flag depending on who you ask. Bankrate mentioned they advertise simple interest rates without disclosing the full APR upfront. that's the kind of thing that makes me want to read every line of the contract before i sign anything. Anyone here actually closed a loan with them? curious what the real rate ended up being once all the fees were factored in.

I am looking for a ABL facility for a client of mine to consolidate about 400k in MCA debt.

1.1 million in inventory and 150k in AR.

LQD Business Finance keeps coming up as an alternative to traditional banks. They claim to use 'data-driven underwriting' which sounds like they look beyond just credit scores.

My business has great revenue but my personal credit took a hit a few years ago. Has anyone gotten funded by LQD with less-than-perfect credit? What documents did they need and how long did the process take?

I'm self-employed and trying to get a mortgage for a commercial property. Traditional banks keep asking for 2 years of tax returns and my write-offs make my income look terrible on paper.

mBanc does bank statement loans which sounds perfect. But the rate they quoted is about 1.5% higher than a conventional loan. Is that typical for bank statement loans? Has anyone used mBanc specifically? I want to make sure I'm not just getting taken advantage of because I'm self-employed.

A friend of mine recently applied for a small business loan and thought everything was ready — bank statements, GST, business proof, all of it.

But the lender asked for insurance-related documents that were either missing or outdated, and the loan process got delayed.

Honestly, many small business owners don’t realize that lenders sometimes check:

• business insurance
• liability coverage
• shop/office protection
• employee coverage

before approving funding.

I’m curious — has this happened to anyone else here?
Did your lender ask for insurance papers during the loan process?