Small Business Loans

Through the Bitbond platform, you can borrow up to $25,000 for your small business. Loan amounts range from $1,000 to $25,000, and you’ll have anywhere between 6 weeks and 5 years (confirm) to pay the balance in full.

Since these are installment loans, the lender will expect monthly payments for the same amount for the duration of the loan. Best of all, interest rates are as low as one percent, so you won’t spend a fortune to access the capital you need for your company.

These loans are ideal for online sellers, particularly those who conduct business on Amazon and eBay.

Investments

• Fixed Income Investments: allows you to earn a return on your money by investing in global small business loans with a starting contribution of as little as $5. The terms for the loans you invest in could range from 6 weeks to 5 years, and you get to decide which option works best for you. Plus, you can expect to earn a whopping 13 percent annually on average.
• Marketplace Lending: There are no service charges and you can expect returns of around 13 percent when lending through Bitbond. And all you need is $2 to get started. Proceeds will help entrepreneurs grow their businesses, and you can use the AutoInvest tool to make the most ideal and lucrative investments for you.

If you’re a small business owner who’s had difficulty securing funds to expand your operations, you may be in luck with Bitbond. Since they use alternative credit scoring data and models to gauge your creditworthiness, you could get approved despite being turned away by scores of other lenders.

Bitbond also considers your business revenue to determine how much you qualify for and can comfortably afford to repay each month. Common revenue sources they evaluate include:

• Amazon
• eBay
• PayPal

And don’t worry if you don’t have a banking account. Traditional lenders require that you have an active bank account to qualify for a loan as it’s where they disburse loan proceeds. But with Bitbond, funds are disbursed into your account.

To apply for a loan or start lending money for a return, you’ll need to register on the Bitbond platform. It’s free to join, and the only information requested is your first and last name, phone number, and email address. Once you’ve registered, you’ll be directed to the loan or lending application. The entire process is done online and you will receive a response in under 24 hours.

But before submitting your application, you’ll need to connect your business accounts that generate revenue to your profile in the portal. It takes roughly 15 minutes for this process to complete, and this information will be used to determine how much in revenues you have generated.

You should also know that applying for a small business loan will not impact your credit score since alternative credit reporting data is used during the loan evaluation process. And if you are offered a loan and decide that it’s not a good fit, there’s no obligation to move forward. Even better, this service is available free of charge.

Once you’ve selected a loan that fits your business needs, you can expect it to be crowdfunded within 1 to 5 business days. But if the loan is crowdfunded by investors before the five-day window, the funds will be disbursed into your account right away.