Loancater matches businesses with tailored loan options from a network of lenders, providing flexible financing solutions. They also offer credit repair services to help businesses improve their creditworthiness and access better loan terms.
Funding
Funding not disclosed
Founders
Product
Problem
Many small businesses struggle to secure necessary funding due to imperfect credit, limited collateral, or time constraints associated with traditional lending processes. This lack of access to capital can hinder growth, prevent them from seizing opportunities, and impact day-to-day operations.
Solution
Loancater is a loan-matching platform that connects businesses with a network of lenders, offering a range of financing options tailored to their specific needs. The platform streamlines the application process, providing businesses with access to funding solutions, including business lines of credit, merchant cash advances, SBA loans, accounts receivable factoring, commercial real estate financing, and equipment financing. Loancater's services extend to businesses with less-than-perfect credit by focusing on cash flow rather than credit scores. They aim to provide funding decisions quickly, with some loans under $500k being funded the same day.
Target Audience
Loancater primarily serves small to medium-sized businesses across various industries seeking funding solutions, including those with imperfect credit histories.
Features
- Online application process for quick submission
- Access to a network of lenders for diverse financing options
- Funding for businesses with bad credit based on cash flow analysis
- Options for various loan types, including: business lines of credit, merchant cash advances, SBA loans, and equipment financing
- Support for over 50 industries
- Investment banking for debt sizes between $5M
- 1B