Bonanza is excited to offer sellers a new way to get capital and grow their business faster. Business loans can help sellers invest in marketing, fulfill more orders and purchase additional inventory. Many ecommerce businesses are underserved by traditional lenders. However, access to capital can be the key to unlocking growth for your business.
How it Works
Apply
Sellers who qualify will first complete a quick and easy application. This can be done by clicking on a pre-qualification offer or from the capital landing page. The process takes under 5 minutes and is fully electronic! There is one simple application for all your funding needs, and applying will not impact your credit score.
Evaluate
Our dedicated funding advisors will guide you through the process and explain your funding options. Once you've picked the solution that works best for your business, they will negotiate with lenders on your behalf.
Fund
Once you've completed the application and consulted with your advisor, you can receive the funds in as little as 24 hours! Your funding advisor will work with you on any requirements prior to funding, but we can move as fast as you do through the process.
Grow
Put the money to work and get back to what you do best — growing your business! With the funds you receive from Bonanza Lending, the possibilities are endless.
Financing Options
Whatever your current business needs, Bonanza Lending offers a wide range of financing options, including:
Term Loan
- Funding up to $10,000,000
- Terms from 6 - 36 months
Receivables Advance
- Funding up to $750,000
- Terms from 3 - 12 months
Line of Credit
- Funding up to $10,000,000
- Revolving terms
Other Financing Options
- Amounts will vary
- Terms from 3 - 36 months
Criteria
Any business, from small to large, can get access to the needed capital as long as you meet these minimum requirements:
- $4,000 in monthly revenue across all selling platforms
- Business has been in operation for at least 6 months
- A credit score of 550 or higher
Any individual can get access to the needed capital as long as you meet these minimum requirements:
- $120,000 in annual income
- A credit score of 720 or higher
Still have questions about how Bonanza Lending works? Check out our FAQ or contact our dedicated team of experts at support@bonanzalending.com.
Ready to get started? Learn more and apply today!