- How It Works
- Get Started
- Funding Types
Funding Wizards was founded in 2015 and helps small businesses to obtain the right financing for their needs. Funding Wizards provides small business loans matching services and act as business lending marketplace.
Funding Wizards offers these advantages:
Other qualifications may apply depending on your situation.
Our funding partners consider you a startup if you’ve been in business for less than four (4) months. Please return to Funding Wizards after you’ve had a few months to get up and running, and we will be happy to review your application if you qualify.
Not at this stage. We don’t run credit checks. After you’re matched with a lender, they may ask you for credit report.
Our funding partners base lending decisions on multiple factors including your credit history and other factors. Each lender has their own policy about pulling your credit. Some may pull your credit before they make you a loan offer; others may pull your credit after you have accepted their offer.
Zero, nada, zilch! We don’t have one. You apply for free, no strings attached. Our fees are paid by lenders, not business owners.
Pre-qualification is often instant, but sometimes it can take as little as 24 hours after your information is received and verified.
Depending on the day of the week that your loan is approved, funding can occur in as little as 48 hours after the underwriting process has been completed.
Our funding partners will work with you to set up a repayment plan that will work best for your company. Business Term Loans and Revenue-Based Financing are repaid via ACH transfers, with a fixed amount paid each weekday during a pre-determined repayment term. Repayment terms can last from 4 to 18 months. With Revenue-Based Financing, the daily payment amount might be adjusted during the repayment term depending on revenue received by your business.
A Merchant Cash Advance is repaid directly from your merchant account, with a fixed percentage taken from your credit/debit card sales each weekday. Because the amount repaid adjusts with your daily sales, a Merchant Cash Advance does not have a fixed repayment term.
Loan renewals and extensions may be offered by your lender however, they are subject to state laws and your lender’s policies. Only your lender can provide your specific renewal options and details if you need to extend your loan. Please note, loan renewals and extensions typically include additional fees.
We are dedicated to security, so we use encryption whenever sensitive information is transmitted. Our servers offer a high level of security and we use Thawte and other advance security protocols to protect our site – and you – from malware and suspicious activity.
Funding Wizards partners with responsible, experienced lenders to offer a variety of funding options to help take your business to the next level.