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ViewRidge Funding is an online lender specializing in small business loans for companies that struggle to secure bank financing. It aims to provide easy applications with quick decisions and fast funding.
However, the company might not be the right fit for every business need, as it has limited loan options. In addition, alternative business financing can be more expensive than conventional options.
This review explores what you should know in order to make an informed decision, including the available options, pros and cons, and the application process. Specifically, we’ll answer these questions and more:
ViewRidge Funding is an online alternative lender headquartered in San Diego, California. The company focuses on providing small businesses with fast access to capital, making it an attractive option for entrepreneurs struggling to qualify for traditional bank loans. ViewRidge Funding’s primary mission is to offer customized solutions that meet the unique financial needs of its clients, ensuring businesses can secure funding to expand operations, manage cash flow, or purchase equipment.
This company has carved out a niche in the industry by prioritizing speed and flexibility. Its commitment to helping small businesses has earned it an excellent reputation among its customers, as reflected in glowing reviews and positive feedback online. Whether businesses need short-term working capital or financing for equipment purchases, ViewRidge Funding strives to provide simple and effective financial solutions.
The application process for ViewRidge Funding is designed to be quick and straightforward. Applicants can begin by submitting basic business information through the company’s website or over the phone. Once submitted, a ViewRidge Funding team member will review the application and provide options tailored to the business’s specific needs. The company’s emphasis on speed means that approvals and funding can often be completed within a matter of days.
ViewRidge Funding offers two primary financial products: Working Capital Loans and Equipment Financing. Below, we outline how each option works, including loan amounts, terms, and intended uses.
Working capital loans from ViewRidge Funding are ideal for businesses needing immediate cash flow to cover operational expenses. Loan amounts range from $10,000 to $500,000, with repayment terms typically spanning 6 to 18 months. Interest rates vary based on the borrower’s qualifications and the loan’s specifics, but the company emphasizes quick approvals and funding within one to two business days.
These loans can be used for various purposes, such as managing payroll, purchasing inventory, or handling unexpected expenses. Borrowers appreciate this product’s flexibility and speed, allowing them to address pressing financial needs without lengthy approval processes.
ViewRidge Funding’s equipment financing program helps businesses acquire the tools and machinery needed to operate or expand in the future. Loan amounts range from $5,000 to $250,000, and repayment terms can extend up to five years. This type of financing is beneficial for industries such as construction, healthcare, and manufacturing.
With equipment financing, the purchased equipment often serves as collateral, making these loans more accessible to businesses with limited credit history. Funding is typically provided within a few days, ensuring businesses can use their new equipment quickly.
ViewRidge Funding’s eligibility requirements are more relaxed than those of traditional banks. While the company does not publicly disclose specific minimums, typical criteria for applicants include:
If you’re unsure about meeting these qualifications, ViewRidge Funding’s team is known for being helpful and answering all questions to ensure applicants understand their options.
ViewRidge Funding is a direct lender, meaning it provides funds directly to clients without involving third parties. This direct relationship allows for faster processing and personalized service.
The company typically conducts a soft credit pull during the initial application, which does not impact the applicant’s credit score. A hard credit inquiry may only arise later in the process, ensuring applicants can explore options without hesitation.
As an alternative lender, ViewRidge Funding offers higher interest rates compared to traditional banks. However, these rates are the tradeoff for quick approvals, less stringent qualifications, and flexible loan terms. This can be advantageous for businesses needing immediate capital or those unable to meet stricter bank criteria.
One common critique of ViewRidge Funding is its website’s lack of detailed information. While this can make it difficult to compare rates and terms directly with other lenders, the company’s excellent reputation and glowing client reviews help offset these concerns. Borrowers frequently highlight the team’s respectful and transparent approach during the process.
Many customers praise ViewRidge Funding for being respectful, helpful, and quick. Positive reviews often mention the ease of the process, excellent customer service, and a commitment to ensuring clients’ satisfaction. Repeat customers frequently leave kind words about their experience with the company’s team.
The ViewRidge Funding website doesn’t provide information about a business loan affiliate program. ISOs and business loan brokers should contact the lender directly to inquire about offering its loan products.
The application process is quick and easy. Follow these steps to apply for a ViewRidge funding business loan.
Visit ViewRidge Funding’s website or call their team to provide basic business details, including revenue, time in business, and funding needs.
A ViewRidge Funding representative will contact you to discuss your options. They will answer all your questions and ensure you understand the available terms.
Submit necessary documents, such as bank statements and tax returns, to verify your business’s financials.
Once approved, review the loan offer and sign the agreement if satisfied with the terms.
Funds are typically disbursed within 24 to 48 hours of approval, allowing you to address your business needs quickly.
After receiving funding, borrowers can expect clear repayment schedules with no hidden fees. While prepayment penalties may apply to some loans, ViewRidge Funding offers early payoff discounts for certain products. Borrowers who maintain a good repayment history may also be eligible for loan renewals.
ViewRidge Funding provides small businesses with fast and easy access to capital. The company’s simple application process and quick funding times make it an excellent option for entrepreneurs facing urgent financial needs.
The flexibility of their products, combined with a commitment to customer service, ensures that borrowers receive solutions tailored to their circumstances. Additionally, the company’s reputation for transparency and helpfulness has earned it high praise from clients.
The main drawback of ViewRidge Funding is the higher interest rates associated with its loans, which can be a burden for some businesses. Additionally, the lack of detailed information on the company’s website can make it difficult for prospective borrowers to make informed comparisons. These issues may deter some business owners who are exploring multiple financing options.
Pros:
Cons:
Yes, ViewRidge Funding is a legitimate online lender. The company is accredited by the Better Business Bureau with an A+ rating, showcasing its commitment to ethical business practices and customer satisfaction. Numerous positive reviews further attest to its reliability and dedication to helping small businesses succeed.
Reviews for ViewRidge Funding are primarily favorable. Customers often highlight the company’s quick funding process, helpful team, and excellent customer service. ViewRidge Funding has a 4.1 out of 5 rating on Trustpilot and 4.7 out of 5 on over 160 Google reviews.
Positive reviews frequently mention the ease of the process, with many clients appreciating how their questions were answered quickly and respectfully. Borrowers also praise the company for providing customized solutions that meet their unique needs and ensuring they fully understand the terms.
Negative reviews are rare but usually focus on the website’s lack of detailed information and higher interest rates. Some customers express frustration about not being able to compare ViewRidge Funding’s rates with those of other lenders upfront.
ViewRidge may decline an application for various reasons, including a lack of credit history or insufficient revenue. If you were declined, the denial letter should explain the reasons, include tips on improving your application, and indicate when you can apply again. If not, or if you need more information, contact the lender directly.
Fortunately, you have many lender options to consider if ViewRidge Funding doesn’t work for you. Working capital loans are frequently available in alternative business lending, while equipment financing is one of the most common forms of business funding.
You may also be interested in one of the following small business loans:
ViewRidge Funding offers a practical solution for small businesses needing quick and flexible financing. With straightforward applications and funding available within days, the company is an excellent option for businesses that value speed and convenience. Companies with steady cash flow, operational history, and immediate funding needs for working capital or equipment purchases will find ViewRidge Funding’s services beneficial.
However, businesses that prioritize lower interest rates need detailed upfront information about terms or want larger funding amounts may find traditional lenders or other alternative funding sources more suitable. Companies with excellent credit scores and longer-term financing needs may also benefit from exploring lenders that provide more competitive rates and terms. By assessing your unique business needs, you can determine if ViewRidge Funding aligns with your goals or if a different financial partner would better serve your objectives.
Based on the available information, we rate ViewRidge Funding as a 3.7 out of 5. It’s a solid option with excellent reviews, but the lack of transparency, limited loan options, and low funding amounts are concerns.
Disclaimer: The ViewRidge Funding trademark is owned by ViewRidge Funding LLC, and its use herein is for reference purposes only, and it does not indicate sponsorship or endorsement from ViewRidge Funding LLC.
Fraud Disclosure:
Please be aware that individuals have been fraudulently misrepresenting to business owners (and others) that United Capital Source, Inc. (“UCS”) can assist small businesses in receiving government grants and other forgivable business loans, when in fact those grants or loans do not exist or are not available. These individuals have ulterior motives and are engaging in the unauthorized use of the names, trademarks, domain names, and logos of UCS in an attempt to commit fraud upon unsuspecting small business owners.
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