Set up a digital profile and get instant access to recommended financing options from our network of 100+ top lenders.
We partner with the best lenders
Set up a digital profile and get instant access to recommended financing options from our network of 100+ top lenders.
Finaloop, Inc.
38 6th Ave
Brooklyn, NY, 11217
Ⓒ All Rights Reserved
What is Finaloop Boundless?
Finaloop Boundless is a partnership between Finaloop and Boundless which streamlines the funding process by matching you with the range of lenders that align with your risk-profile and borrowing requirements. You create a single digital profile which can be used for multiple loan applications backed by Finaloop's fully-reconciled and lender-friendly financials. This approach helps you find the most suitable funding options quickly and efficiently.
Why Boundless?
Boundless has built a powerful marketplace that mitigates transparency challenges in the funding process for SMEs. They have unparalleled coverage of the lending market with partnerships including hundreds of lenders, financiers, and funding providers enabling businesses to be matched to the most suitable capital solution. They have an outstanding reputation for their expertise and knowledge of the market, and their services are highly recommended by customers.
Is debt financing right for my business?
Loans can be vital for providing working capital to cover operating costs, invest in growth, and manage cash flow. However, you should consult with your financial advisor to determine if it is right for your specific circumstances. If you are looking for a fractional CFO to help you in your decision please get in touch and we will pair you with one of our expert partners.
Which lenders do you work with?
Our network of lenders includes over 100 lenders ranging from traditional banks, to specialized institutions and providers. We cover the full range of solutions from MCAs, revenue and inventory-based financing, to lines of credit, SBA loans, and term loans. This ensures access to competitive financing options for businesses at various stages of growth, and with varying requirements and debt capacity.
What fees and interest rate will apply to my loan?
The interest rate and/or fees you receive on your loan will depend on your unique business and financial profile, as we work with over 100 lenders, each offering different rates and structures. If you're interested in finding out more about your potential options, create an account with us and get matched with lenders in a matter of minutes. This way, you can see the specific rates available for your business.
What type of businesses can apply and what are the sizes of the loans?
To secure a small business loan, your business needs to be at least six months old with at least six months of revenue history. Additionally, you need to show a minimum of $15,000 in monthly top-line revenue. However, the size of the loans can vary from USD 10k to over 100m, meaning you can apply for funding tailored to your needs.
How does Finaloop Boundless make money?
Nothing is paid directly to Finaloop Boundless. Finaloop Boundless agrees fees directly with lending partners rather than charging the borrower. On larger structured finance deals, underwriting and/or transaction fees may exist on a success basis. This ensures a seamless and transparent experience throughout the funding process.
Am I committing to anything when I submit my application?
No, you are not committing to anything by submitting your application and getting matched with lenders. Our goal is to connect you with the right lenders based on your business needs while ensuring full transparency. You are only making commitments once you sign the final agreement directly with the lender. This approach allows you to explore your options without any obligation.
Do you do credit checks? Will my credit score be affected?
Finaloop Boundless does not perform any credit checks. Our lender network may perform a soft credit check, which won't affect your credit score. Finaloop Boundless uses soft credit checks to assess your creditworthiness without causing any harm to your credit history, allowing them to make informed decisions while keeping your credit safe.
What kind of support will my business get from Finaloop Boundless?
Finaloop Boundless is designed to eliminate barriers to capital for businesses, allowing you to concentrate on growth. We collaborate with lenders to secure the best offers for you and maintain full transparency about every aspect of the process. You won't incur any fees from us, as our goal is to prioritize your business's success and support you every step of the way.
How do Finaloop financials help me get a loan and save me money?
Finaloop's fully reconciled financials are the gold standard for eCommerce financial reporting which has been recognized by the underwriting teams of many of our lending partners. Having organized financials can help you increase speed to approval by over 60% and provide access to a wider range of lenders with lower cost of capital and more flexible terms.
How do I start the process of applying for funding with Finaloop Boundless?
To begin the funding process, the first step is to create an account and fill out your business profile. This initial step will only take five minutes and allow you to get matched with lenders that fit your business needs. After that, you can explore the funding opportunities that are available to you, and complete your digital application.
How do I claim my free month of Finaloop?
Simply send code 'Get-funded-free-month' through our support channel and we will adjust your subscription.
