Other online lenders are not as different from traditional banks as they would have you think.
Aside from the outrageous fees they charge they also make you conform to fixed repayments of principal and interest as soon as you take the loan, meaning that the rate you're paying is in excess of ROI's above 40% per annum in most cases. It is in the lender's interest to get you to take the biggest fixed term loan you can regardless of what your business actually needs. Adding to this you'll be required to pay off your original loan amount in full before you can re-apply for a new loan.
[ecko_annotated header="Waddle Funding Dashboard" annotation="The dashboard gives you instant access to new funding requests, reports, fees & charges."]
Waddle offers healthy businesses an automatic revolving funding solution that is tailored to their abilities, no obligations to make fixed repayments, no loan terms and best of all a healthy affordable interest rate. With Waddle, there are no fixed term loans, meaning if you had a limit of $50,000 and you draw down the maximum, then later pay down $10,000, you'd be able to re-draw again on the balance back up to $50,000 without ever re-applying. You control how much you borrow, not us.
Our mission is to help your cash flow catch up with your business and not the other way around. To add to the awesomeness (if that's a word) Waddle continually monitors your businesses performance and automatically increases your credit limit as your business grows. No need to ever re-apply and we never force you to borrow a minimum amount.
[ecko_annotated header="Funding is 100% automated" annotation="Waddle Syncs to your accounts in real-time eliminating any paperwork, enables instant loan drawdowns & automatic credit limit increases."]
Since our service is fully automated, we are able to offer you a quick self-service solution to help you with your business cash flow needs. In order to do that, we require that you have at least several months of ongoing accounting and invoicing activity logged in your accounting software and have bank feeds enabled. This way, we can easily assess your business without bothering you with long application processes.
[ecko_quote source="Team Waddle"]We believe Waddle's sign up process is the fastest in the market, getting an answer quickly saves endless hours[/ecko_quote]