E-Book: Business Financing 101

If you’ve applied for and been denied a bank loan, then you aren’t the only one. In fact, only 35% of small business loan applications made at banks were approved in January 2015. Of those who were approved by a bank, most probably did not see the loan money in their account until months after they started the application process.

Business financing — and often business survival — was once dictated by these banks’ approval of the business owner and their venture. In recent years, however, the small business lending landscape has begun a major transition. Small business owners now have a multitude of financing options available to them, ranging from traditional bank loans, to quick and reasonable Online Term Loans, to expensive Merchant Cash Advances.

The goal of Business Financing 101 is to help business owners make sense of all these financing options available to them in 100 pages.

Think of this as your beginner’s guide to financing a business. There are many factors that influence whether a particular financing option is right for you. Use this ebook to walk through all your options before settling on a loan that doesn’t match your needs — it could make the survival or expansion of your business possible!

The first section of this book will run through business financing basics — what APR is and what it means for your loan, what steps you need to take to make your business “fundable.” Next, we will run through the 11 Types of Business Financing — everything from a bank loan at 6% APR, to Merchant Cash Advances at 100%+ APR, to equity and reward crowdfunding. In the third section, you can find examples of how to use Fundastic.com’s business loan APR calculators. In the fourth section, we move on to discuss business credit. Last but not least, we will take a deeper dive into which financing options are best for business at different stages in their development.

We hope this book points you in the right direction to secure the financing you need to get started with your business!

— The Fundastic Team