Do you have a small business idea that’s been tickling your brain? Whether you want to sell connoisseur dog biscuits, make cute custom bows for babies, or open an artisanal coffee shop with the best imported beans around, a startup business loan can help you get the kick-start you need to accomplish your small business goals.
Start-Up Business Loans
What Are Startup Business Loans?
Startup business loans – also known as small business loans – exist to help people with small business ideas create resource capital for funding needs. With Quickle, through our network, you can get connected to a range of providers who may be able to assist you with a startup business loan.
Startup loans are also sought by small businesses due to larger lending institutions, such as the big banks, being hesitant to lend money to startup businesses, as these tend to fall into the high-risk borrower category. Banks would of course prefer to lend money to businesses with an established financial history.
What Are Startup Business Loans?
Startup business loans – also known as small business loans – exist to help people with small business ideas create resource capital for funding needs. With Quickle, through our partner, you can get connected to a range of providers who may be able to assist you with a startup business loan.
Startup loans are also sought by small businesses due to larger lending institutions, such as the big banks, being hesitant to lend money to startup companies, as these tend to fall into the high-risk borrower category. Banks would of course prefer to lend money to businesses with an established financial history.
Small Business Loans Advantages
All loans have to advantages and disadvantages – these are important to consider before you apply for a business loan.
The biggest advantage of financing your new small business through a traditional loan is equity. This is the ownership you have over the business. By having a lending institution provide finances for your business, you grow your equity. However, you may also have to share in profits and ownership with the investor.
Why Choose Quickle?
It’s quick. It’s simple. It’s Quickle.
Simple and Easy
Our online form is so simple it only takes about 5 minutes.
Quick Decision
Receive a decision ASAP! *
*You will be connected to our network and they will endeavour to give you a quick answer.
Cash in your Account
Receive cash in your bank account.*
*Whether money gets deposited into your bank account will depend on whether your application is successful with the relevant lender.
Startup Loans FAQ’s
How much can I borrow through Quickle's Network?
Through Quickle’s network, you can access providers who offer loan amounts up to $10,000.00.
What Happens if a Payment is Missed?
If you cannot make a payment on time, it is very important you get in contact with your lender to set up a payment schedule that you can afford. Defaulting on payments will generally incur additional costs which can get out of hand very quickly and could result in enforcement action and negative implications for your credit history.
What is the Interest on a Startup Loan?
In general, every lender will have its own distinct costs of borrowing, whether it be fees, interest, or a combination of both. It is important that you fully understand the costs of borrowing before you enter into any loan agreement.
Do Startup Loans require Credit Checks?
We may be able to assist you to connect to a provider in our network who does not require a credit check.
