Startups get a new wave of funding

NEW YORK, May 22, 2018 /PRNewswire-iReach/ -- Oracle Loans, a leading online marketplace for business lending, has announced plans to substantially increase funding to startups and entrepreneurs. New business owners will now have direct access to captial ranging from $10,000 up to $5,000,000; depending on the lending program, business owners needs, and qualifications.

Paul Marzolla, CEO of Oracle Loans, says, "We've seen tremendous success from the startups we've helped fund over the past few years and are dedicated to keep the momentum going. Many banks, investors, and alternative lenders are simply unwilling offer capital to new businesses, which is how we differentiate ourselves from the competition. Being able to form a meaningful relationship with a client from the very begininning of their new venture is a powerful thing; not only do we help get their business off the ground, we also help provide additional funding as they grow." 

Unlike traditional banks and lending institutions, Oracle Loans does not require financial documentation such as tax returns or bank statements for the Startup Business Line of Credit. Instead, the main focus is on the credit profile of the applicant, or their co-signer. Some highlights of the program include:

• Ideal for startups seeking a funding amount of $250,000 or less
• Available nationwide in all 50 states
• No collateral required
• No formal business plan required
• No minimum time in business

Hope is not lost for entrpreneurs who don't meet the credit requirements of the Startup Business Line of Credit, or those who require funding greater than $250,000. An additional lending program, the Secured Startup Business Loan, uses real estate as collateral to secure a loan. Some program highlights include:

• Startups seeking funding between $250,000 - $5,000,000
• No minimum time in business
• Available in most states
• No tax returns required, no income verification

ABOUT ORACLE LOANS

Oracle Loans is recognized as a leader in real estate and business funding. By providing a diverse selection of lending programs, it's Oracle Loans mission to help arrange funding for even the most challenging scenarios.

Oracle Loans has an A rating with the Better Business Bureau, and among the top ranked by BestCompany.com. For more information, visit OracleLoans.com.

DISCLOSURE: This is not an offer to lend or extend credit. Credit approval is subject to credit standards, and actual terms (including actual loan amount) may vary by applicant. Oracle Loans requires certain supporting documentation with each new application. All real estate based loans must be non-owner occupied and/or commercial properties where the funds are being used solely for business or investment purposes. If you have any questions regarding this, call us at 888-460?4518. Oracle Loans reserves the rights to amend rates & guidelines. All loans are made in compliance with federal, state and local laws.

Media Contact: Amy Varrick, Oracle Loans, 201-203-2946, [email protected]

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SOURCE Oracle Loans