Few years ago I have started a car exporting business with a friend out of simple curiosity. We purchased couple of used cars through a car auction and sent them overseas to sell. As soon as the vehicles reached the destination, they were instantly sold out. We understood right away that we were onto something. Without any second thoughts, we decided to increase the number of cars we would send. Our problem was that we didn’t have enough cash to purchase additional cars. Delivery of cars on the ship would take about 3 months and we simply couldn’t just wait that long to cash out and repurchase cars again. We would be losing on the opportunity to grow our business and make more money. Getting a loan was the solution and we started looking for lending institutions and banks. Unfortunately, dozens of them rejected us because of our credit scores, insufficient collateral and bunch of other reasons we didn’t know about. Also the application process would take forever and it was super hard to get approved. Few lenders eventually approved us for a loan, but we didn't know if those rates were competitive enough. Then we thought that there must be many other small business owners like us who are not able to find working capital easily for their businesses. So we’ve built a Funder Hunt - a lending platform that saves you hundred of hours on searching for lenders that provide working capital for your business at competitive rates. Have a look and let us know what you think
Funder Hunt
Funder Hunt