LoanNEXUS – Frequently Asked Questions
General
Below, please find a list of basic questions and answers about our funding platform and directory. Click on “Nexa Answers” to hear Nexa, our AI representative, answer the questions.
1) What is LoanNEXUS?
Nexa Answers | As an AI-powered funding platform and the most comprehensive search directory in the alternative small business lending / fintech space in the United States, LoanNEXUS is a much smarter, faster and simpler way for borrowers to find and connect with lenders and funders nationwide 24/7, in just seconds.
2) What makes LoanNEXUS a smarter choice for borrowers when looking for lenders and funders?
Nexa Answers | Finding the right loan starts by finding the right lender or funder for your needs; which unfortunately, can be a very frustrating experience when you have to deal with irrelevant materials in your search results; or the same lenders and funders being listed on every search result page; and more. LoanNEXUS gets rid of that frustration by giving borrowers direct access to over a thousand lenders and funders nationwide; without the gimmicks and the nonsense found on other websites and platforms.
3) How does LoanNEXUS assist borrowers?
Nexa Answers | With over 1,000 direct lenders and funders on our platform, LoanNEXUS makes finding the right type of funding based on your funding needs super easy and simple: small business loan, peer-to-peer financing, a personal loan, a line of credit, crowdfunding, equipment financing, a merchant cash advance and more.
Please visit our Concierge Service page today; and tell us about your current business funding needs.
4) How does LoanNEXUS assist lenders and funders?
Nexa Answers | As the most comprehensive search directory in the alternative small business lending / fintech space in the United States, lenders and funders can effectively promote their products and services and connect with borrowers who are looking for their lending and funding solutions.
LoanNEXUS For Small Businesses
5) How does LoanNEXUS work for small businesses?
Nexa Answers | We love funding small businesses! Small business borrowers can easily search our platform for lenders and funders, based on their financing needs. For better results and to save precious time, we encourage our small business borrowers to visit our Concierge Service page.
6) What is the LoanNEXUS Concierge Service about?
Nexa Answers | By visiting our Concierge Service page and telling us about their funding needs, small business borrowers get matched with the right lenders and funders and save precious time. The other option will be for them to apply with 10, 20 or hundreds of lenders and funders individually. With our Concierge Service, small business borrowers only apply once.
7) How long does the Concierge Service application process take?
Nexa Answers | From applying to getting funded, the application process can be as short as 24 hours, or as long as 5 business days. Everything depends on the availability and cooperation of the applicant.
8) What are the basic funding parameters and qualification requirements?
Nexa Answers |
Funding amount: $2,000 – $3,000,000 (or more)
Credit score: 475 minimum (case-by-case basis)
Time in business: at least 6 months with revenue
Business / funding location: all 50 U.S. states and U.S. territories
Past Bankruptcy / Default(s): ok
Use of funds: MCA/loan consolidation, working capital, business expansion, renovation, supplies/equipment purchases, hiring/payroll support, and more
LoanNEXUS For Lenders and Funders
9) I am a lender/funder; how do I register my business?
Nexa Answers | Please let us know by emailing our Service team at services@LoanNEXUS.com.
10) How do I update the information on my LoanNEXUS profile page?
Nexa Answers | Please let us know by emailing our Service team at services@LoanNEXUS.com.
11) I am a lender/funder; how do I find out more about LoanNEXUS’ advertising and lead generation services.
Nexa Answers | Please let us know by emailing our Service team at services@LoanNEXUS.com.
Commercial Real Estate and Hard Money Funding
Nexa Answers | For information regarding our commercial real estate and hard money funding programs, please visit our Commercial & Hard Money Loans page.