Loan23
About Loan23
Loan23 provides unsecured short-term loans ranging from $1,000 to $100,000 with a fast application process that takes only three minutes and funding available within 24 hours. The platform addresses the financing challenges faced by small businesses by offering flexible funding solutions without collateral requirements and minimal credit score impact.
```xml <problem> Small businesses often face challenges in accessing timely funding due to lengthy application processes, stringent credit score requirements, and collateral demands from traditional lenders. This can hinder their ability to seize growth opportunities or manage short-term cash flow needs. </problem> <solution> Loan23 provides rapid access to capital for small businesses through a streamlined online application process and a range of financing options. These include short-term loans, lines of credit, merchant cash advances, SBA loans, invoice factoring, and personal loans. Loan amounts range from $1,000 to $5,000,000 depending on the product, with funding available in as little as 24 hours for some options. The platform aims to offer flexible funding solutions with minimal impact on credit scores for some products. </solution> <features> - Online application process that takes approximately 3 minutes to complete - Unsecured short-term loans ranging from $1,000 to $100,000 with terms of 3-12 months - Lines of credit from $10,000 to $750,000 with revolving access and soft credit pulls - Merchant cash advances from $1,000 to $50,000 with automatic daily, weekly, or semi-monthly payments and terms of 3-12 months - SBA loans up to $5,000,000 with terms up to 10 years (funding within 90 days) - Invoice factoring from $5,000 to $750,000 with terms of 3-18 months and no collateral required - Personal loans from $5,000 to $50,000 with terms of 3-12 months and funding in 24 hours </features> <target_audience> Loan23 primarily targets small business owners in the United States with a minimum of six months in operation and at least $50,000 in annual revenue. </target_audience> ```
What does Loan23 do?
Loan23 provides unsecured short-term loans ranging from $1,000 to $100,000 with a fast application process that takes only three minutes and funding available within 24 hours. The platform addresses the financing challenges faced by small businesses by offering flexible funding solutions without collateral requirements and minimal credit score impact.
When was Loan23 founded?
Loan23 was founded in 2023.
Who founded Loan23?
Loan23 was founded by Vladimir Chamovskikh.
- Vladimir Chamovskikh - CEO
- Founded
- 2023
- Employees
- 12 employees