Loot is an automated platform providing lines of credit up to $100,000 for small businesses, enabling quick access to working capital without affecting credit scores. The service addresses cash flow gaps by offering same-day funding and competitive fees, supported by dedicated customer success specialists.
Funding
$300K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Small businesses often face cash flow gaps due to unexpected expenses or delayed payments, hindering their ability to cover immediate operational costs. Traditional lending options can be slow and may negatively impact the owner's credit score, making it difficult for businesses to access working capital quickly.
Solution
Loot provides small businesses with lines of credit up to $100,000, offering a fast and flexible solution to manage cash flow. The platform provides quick online decisions and same-day funding without affecting the business owner's credit score. Loot's service is industry-agnostic and designed to accommodate most businesses, providing a safety net for inventory, repairs, payroll, and other working capital needs. A dedicated customer success specialist supports each business, and a simple customer portal allows businesses to draw funds and view activity with ease.
Target Audience
Loot's primary customers are established small businesses with at least one year in business and $200,000 in annual revenue, seeking flexible access to working capital for managing cash flow.
Features
- Lines of credit up to $100,000
- Fast online decisions in hours
- Same-day funding availability
- No hard credit pull, protecting the business owner's credit score
- High approval rate across various industries
- Customer portal for instant access to funds and activity tracking
- Dedicated customer success specialist support
- Rewards program for positive repayment history