Many platforms earn referral fees from loan providers and partners, which may lead to biased suggestions based on their own financial gain. With Hansa, no matter what your funding needs are, our main concern is what's best for you and your business.
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With some basic business info and an idea of your needs, Hansa can hunt down the best funding for you.
Get pre-approved and apply for loans directly within Hansa's platform.
Hansa members enjoy access to capital as well as a wide variety of other tools and resources that make running a company easier.
By signing up for Hansa, you're joining other folks just like yourself who want to level up their businesses.
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The loan process through Hansa is very simple. All you have to do is fill out a form that gives us a little bit of information about your business needs and a funding expert will reach out to you with next steps and recommendations.
The best part is that the whole process is completely transparent, and we only partner with lenders we've pre-vetted to make sure their terms are fair and competitive. There aren't any hidden fees, sketchy terms, or surprises. Just simple fair offers delivered straight to you.
Our lending partners offer a robust variety of funding options, each tailored to meet different needs and situations.
Term loans are one of the most common types, where you borrow a lump sum and repay it over a fixed period with interest. These are great for specific large expenses like equipment purchases or expansion projects. Lines of credit offer more flexibility, allowing you to borrow up to a certain limit as needed and pay interest only on the amount used. This option is ideal for managing cash flow or unexpected expenses.
Invoice financing and factoring help businesses with cash flow by advancing funds against outstanding invoices, while merchant cash advances provide a lump sum in exchange for a percentage of future sales. SBA loans, backed by the U.S. government, offer favorable terms for small businesses but often require a rigorous application process.
Whichever you may need, we can help you choose the best option for your business's unique needs and financial goals.
The requirements for obtaining a business loan can vary widely depending on the lender and the type of loan you're seeking, but there are some common criteria that most lenders look for.
Generally, lenders will assess your business credit score, financial statements, cash flow, and business plan to determine your ability to repay the loan. A solid credit history demonstrates your reliability as a borrower, while healthy cash flow shows you can manage ongoing expenses and loan payments.
Additionally, many lenders will look at your personal credit score, especially for newer businesses, to understand your overall financial responsibility.
Providing a detailed business plan outlining how you intend to use the loan and your strategy for repayment can strengthen your application. Meeting these requirements increases your chances of securing the funding your business needs to thrive.
The time it takes to get approved for a business loan can vary significantly based on several factors, including the lender, type of loan, and the complexity of your application. Generally speaking, larger loans from more traditional institutions (ie. banks or government-backed programs like SBA) will take a bit longer—think weeks or months. Whereas a lot of our newer, online lending partners are able to offer faster financing (think days/hours) due to streamlined processes and technology designed to reduce their risk in underwriting.
The good news is that our lending experts can help you find a loan that works on your timescale. Simply give us an idea of how soon you need the funds when you apply and we can work with you to make it happen!