BusinessLoansToday, an online lending company founded in Dec. 2014 by Chris Kay, offers start-ups much-needed capital to launch their enterprises via an alternative funding program to assist business owners who may lack traditional financial credentials.
With its streamlined approach, Kay’s program seeks to support small and medium-sized ventures needing a jumpstart for inception or expansion. Typically, the company offers entrepreneurs loans in amounts between $5,000 and $250,000 with repayment terms from four to 24 months, in “less time than it takes to make a cup of coffee,” according to the firm.
"Most banks simply won't bother with funding small businesses until they have significant assets and a proven revenue stream," BusinessLoansToday CEO and Founder Chris Kay said. "Starting a successful business is difficult enough without worrying about where the funding will come from. We created BusinessLoansToday to provide small business owners with new loan opportunities so they can realize their dreams."
Committed to providing an accessible, straightforward and accelerated system for start-ups and others, the company offers business term loans, revenue-based financing and merchant cash advances. Business owners can receive funding in as little as 24 hours after approval; applicants are under no obligation after applying, and there are no hidden application fees.
"Most of the greatest companies in this country started as small businesses, with little more than a dream and a lot of drive," Kay said. "Somewhere along the way, a lender took a chance on them. BusinessLoansToday was created to fund the next big ideas that are often overlooked by big banks."