Let’s break it down: what do you get at FaaSfunds that you don’t get with a traditional loan broker?
FaaSfunds is similar to a loan broker in the sense that we facilitate and consult business loan deals. We connect businesses that need funding to lenders. We have a marketplace of dozens of lenders ready to work with businesses to finance their purchases. Through this service, we open up business loan options to businesses who need funding. This relationship between us, business and lender are mutually beneficial – every party benefits and we pride ourselves in being able to provide the best deal, every single time.
With FaaSfunds, you’re able to get several key things you don’t get with a loan broker:
- Faster service
- Greater efficiency with our smart application
- No “shotgun approach” to running credit
- Decision-making control
We get you the best deal without hesitation. Once you enter your credit information, you’ll know your options almost immediately. FaaSfunds, though our unrivaled software, is able to compare your financial information with data points from lenders, giving you your best chance of approval and best rates all at once. With a loan broker, you have to wait quite a while for them to apply your information to lenders, and even longer to hear back.
Our application is smart, and that makes it easy. This streamlined application process means you only have to enter your information once, and you’re immediately connected with the business loan options you need. This saves you time, and it saves you labor. Instead of having to apply to several loans, and instead of having to wait for a broker to do their thing, you’re able to do it for yourself almost immediately. That way, you can stress less and spend more effort on running your business.
We Don’t take a “Shotgun Approach”
Generally, a “shotgun approach” is a strategy used by loan brokers to shop your business loan in a way that applies you to several loans at once, and in turn, this runs your credit multiple times. Multiple inquiries into your credit can sometimes affect your credit score, bringing it down. At FaasFunds, we don’t apply you to several loans at once, we only show you the loans you’re most likely to qualify for and their rates, putting the best rates first. That way, you can choose which funding option you want, and only have one credit inquiry at a time.
Business Loan Flexibility
We offer flexible control of the decision-making process. Since you can fill out everything on your own and immediately see your options, this gives you the power to decide what you want. We won’t pressure you to choose something you don’t want, we’re only here to help you make decisions and figure out what’s best for your business. You can change your mind without getting trapped. Since you get to see what you’re options are, and you have the power to decide what you want, we just give you the tools and information to make informed decisions.
Business Loan Transparency
You’re able to see every step of the process. You can see where your application is in the funding process, and this means you’ll be informed every step of the way. There’s no more guesswork, now you can see what’s going on for yourself. We offer this open and transparent application process to make sure you know what’s going on, and you can know all your options.
To get you the best deal, we offer you all these things a loan broker doesn’t. At FaaSfunds, we’re changing the funding game but helping you to make informed financial decisions while still giving you control and transparency in the funding process. A loan broker is no longer the only one who can help you make business loan decisions, and even though FaaSfunds is via online software, we’re still a team of real people who care about your financial health. That’s why you’ll have a funding specialist readily available to answer any and all of your financial questions. We’ll help you monitor your business credit, and even after you receive a loan, we’ll be there to help you take a plan of action to improve your credit in the future.
Contact us today to find out what we can do for your business finances, and how we can help you get funded.