The owner of every new small business should have great dreams and aspirations, but that doesn’t mean they have the means to fund their venture. What’s an entrepreneur to do? And what if he (or she) only has a mediocre credit score? Fresh Funding may be just the solution to this challenge. The company’s professional staff is trained to work with every business owner to find the right funding for their business.
If you have a need for funding and you need a decision quickly so that you can move forward with your plans, Fresh Funding is worthy of your consideration. Established in 2017 and headquartered in New York City, the philosophy of the Fresh Funding team, when it comes to financing a business, is that one size does not fit all.
Fresh Funding offers several funding options, including the following:
Fresh Funding recognizes that each business will have specific needs and uses, as well as different abilities to repay and satisfy the debt. That is why they have a dedicated team of funding specialists ready to work with you to find a solution to your unique challenges. They have an easy pre-qualification process, and if you have a question or an issue that you would like addressed, their funding specialists are there to help.
Of course, like any lender, there are advantages to choosing Fresh Funding over others in the market, as well as disadvantages. This Fresh Funding review lays them out for you so you can make an informed decision.
|Starter Tier||Standard Tier||Premium Tier||Premium Plus Tier|
|Minimum length of time in business||18 months||12 months||18 months||24 months|
|Ownership status||At least 50%||At least 50%||At least 50%||At least 60%|
|FICO Score||Minimum 560||Minimum 500||Minimum 560||Minimum 620|
|Minimum monthly deposits||$30,000||$15,000||$30,000||$50,000|
|Average number of unique deposits||8||5||8||10 (minimum)|
Fresh Funding has changed the mindset of the typical loan approval process. They can approve a loan within 24 hours and fund it the same day. Their goal is a reliable, simple and quick funding for your business. To take advantage of their business model you can apply online or submit a signed loan application with your last three months of bank statements for your business account.
The Fresh Funding model is very unique in that every funding request is reviewed to ensure that they meet the borrower's needs, and the staff tries to find ways to fund every applicant. They believe in the old-fashioned, personal approach, and when needed, can be creative as regards underwriting. Whatever funding requirements you need to have addressed, Fresh Funding is ready to assist and ensure that your business will succeed.
Having been in the business for only a relatively short time, the only shortcoming they have is the absence of verifiable candid user reviews from sources other than their own website, such as those one might typically find on Trustpilot or the Better Business Bureau. Having said that, if you take time to contact Fresh Funding, you should find that the team is helpful, courteous, and happy to help in any way they can; this should say more than any customer review.