Over at NerdWallet there is a new article which provides a good overview of companies which provide online small business loans, all of which are accessible to many San Diego entrepreneurs and small business people. Here is a short recap of the companies that are highlighted.
Dealstruck.com: Get a San Diego small business loan upwards to $500,000 in minutes. Dealstruck combines traditional business loans, asset-based lines of credit, inventory lines of credit, and many other revenue-based loan products to empower you to achieve your San Diego business goals.
Fundation.com: Conventional San Diego small business loans of up to $500,000 are delivered through an unconventionally simple process. Fundation takes a broad array of factors into account when structuring your loan and determining the interest rate. There is no simple formula to explain how an interest rate is determined, but you can think of it in 4 simple categories: Business Stability, Financial Metrics, Credit History, Cash Flow & Debt.
LighterCapital.com: San Diego small business loans for software and technology companies. Receive $50,000 to $1 million per company and multiple loans as you grow. Flexible monthly payments are variable and based on a fixed percentage of your monthly revenue. Long term San Diego loans are normally structured over 5 years but may be repaid faster if your revenue grows faster than expected. Your San Diego business loan is secured only against your company’s assets.
ApplePieCapital.com: Franchise financing in San Diego made simple. Get qualified within 2 business days and receive funding in 30 days or less. No personal collateral required. They do not require your house or other personal assets. Get a fixed interest rate and monthly payments over the full San Diego loan term.
Your other alternative for a San Diego small business loan is a luxury collateral loan from Diamond Estate Luxury Loans. They provide immediate collateral loans upwards to $50,000 and beyond based on portable luxury assets such as a large diamond ring, designer jewelry, or Swiss timepiece. Initial appraisals and potential loan amounts can be handled online and over the telephone.