What We Love About Fastpay Loans
Fastpay Loans offers a financial alternative for new businesses that need venture capital. Those who don’t have established credit and need to find a way to fund their business can use equity to exchange for capital, offering a solution to help digital media brands grow and thrive. This type of funding is as unique as the people who need it, and it is changing the way the media industry finances its business needs.
Another big selling point of Fastpay Capital is that the team is comprised of people who understand the difficulties and unique nature of modern financing and have backgrounds in finance, media, entertainment, legal, technology, and design. This means that the company truly understands the lending needs of this industry.
What Could Fastpay Do Better?
The entire premise of Fastpay is that businesses are given financing for their operations and then asked to repay those funds by using a percentage of their sales or income. The concept is good. The disadvantage is this they don’t generally give you choices or terms on the repayment end. Fastpay will typically require a percentage of each sale to repay the loan.
Fastpay Backstory
Fastpay was founded in 2009 as a financial technology brand that helps provide liquidity and financial workflow solutions to the digital media industry. The company leverages proprietary analytics and technology to address common issues like inefficient processes and long payment terms, helping companies get the capital they need. Their headquarters are in Los Angeles, and the company also has offices in New York, Boston, San Francisco, and London.
Since the company was founded, it has originated more than $2 billion in working capital loans for small to mid-size businesses.
The Verdict
When a company is not in a place to take on a traditional loan, Fastpay is easy with no personal guarantees or credit checks required. Funding is also quick and seamless, alleviating concerns for several small media companies.
You can compare all kinds of working capital funding solutions by comparing business loans and more. See how Fastpay stacks up to other lenders with our reviews at Supermoney.com.
