Lender
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Nuula

Advertiser Disclosure

About lender

Nuula is a fintech company from Canada. The company was founded in 2020. It offers all of its services across the US, and there are definitive plans to expand certain services to Canada and the UK.

The main focus of Nuula is providing small business owners with the ability to monitor, analyze, optimize, and predict their key financial metrics. The same mechanics can be used to assess the financial health of any individual. 

Furthermore, the company offers a line of credit, term loans, and personal loans through third-party providers. Getting life insurance and paying for personal cybercrime protection is also possible.

Pros and cons

Every company is different, and there are multiple pros and cons to be aware of. Understanding each point can help a borrower make a more informed decision. 

Pros

  • Competitive rates and terms. The company matches you with the best options from trusted lenders on its network. Since you have plenty of options, you can pick the best possible term.

  • Different loan products are on offer. Besides term loans that can help you finance your investments, there are loans for sole proprietors (loan offers for freelancers) and lines of credit.

  • Easy application process. It's very easy to apply via the app. The application is very easy to understand and use. If your documentation is in order, it usually takes around two minutes to apply within the Nuula app.

  • Fast funding. The funds can be accessed in 24 hours or less. The funding options and time depend on the lending partner, but it generally takes less than what you would get elsewhere.

  • Complexity. First, it can cover a start-up's needs in its entirety with a full range of services. It's always easier to deal with one company than with multiple. The second side of this project's complexity is represented because they use many innovative technologies to run their operations. The website alone demands over 35 technologies.

  • Ambitions. The company plans to add varied services to its arsenal. With their technological capabilities and expertise, it's obvious that they will eventually take their services to the next level.

Cons

  • Nuula is not a direct lender. Its responsibility and obligations are limited since this company is not a direct lender. The clients are matched with third-party lenders. That enables some to find better offers, but some don't trust companies that don't provide direct funding.

  • Not much information is available. This company doesn't disclose information regarding average rates, terms, and other conditions of the loans that they offer through their partners. Not having a transparent relationship with future clientele is not a good thing.

  • Not available outside of the US. There's a geographic restriction in terms of the service. It's not available for borrowers outside of the United States.

  • You have to download the app. Some borrowers might prefer the desktop interface, but Nuula provides no such option. Everything must be done through the app.

Conclusion

This company's pros are because of its technologically savvy and innovative approach. They also offer competitive rates through their partnerships. The biggest disadvantage is that there's not much information available regarding the rates you can expect from their service.

Terms and conditions

The terms and conditions of the services related to business metrics can be found on the official website. As far as the loans go, the most prominent spot belongs to the term loan option. These loans are taken out through Mulligan Funding. The loan amount can be as little as $5,000 and as large as $2M. The loan term is typically between 3 and 36 months.

The company also offers personal loans. They are marked as "sole proprietor loans" on the website. The amount range is between $5,000 and $50,000. Many lending providers can choose from, so terms and APRs can differ greatly. The company's line of credit services offers favorable terms - $1 per day on every $1,000 you borrow.

Funding a loan

This company takes great pride in the speed of its funding. As a small business owner, you can qualify for funding and receive funds in 24 hours, and it can take longer to fund your business. Still, there's not enough information to indicate that this is not ordinary.

Nuula

Reviews

FAQ

What is Nuula?

Nuula is a Canadian fintech company represented by an app that gives its clients access to various services. You can either apply for financing or monitor and influence key business metrics.

How does Nuula work?

Nuula tracks the most important indicators in real time on the business metrics side of things. That enables the app to predict and respond to possible issues, forecast a cash flow, etc. On the lending side, this company connects its clients with third-party loan providers that offer advantageous terms.

Can I borrow from Nuula?

It's not possible to borrow directly from Nuula. This company is not a direct lender; it connects potential borrowers with different lending providers that offer competitive rates.

Company documents

Terms of use
Privacy Policy

The right financial products to drive your business. Easy to apply for and manage right within the Nuula app.

© Nuula
Nuula service available in US States
  • Idaho
  • Iowa
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • Wyoming
  • Washington
  • Vermont
  • Virginia
  • Wisconsin
  • Hawaii
  • Delaware
  • Georgia
  • West Virginia
  • Illinois
  • Indiana
  • California
  • Kansas
  • Kentucky
  • Colorado
  • Connecticut
  • Louisiana
  • Massachusetts
  • Minnesota
  • Mississippi
  • Missouri
  • Michigan
  • Montana
  • Maine
  • Maryland
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New York
  • New Mexico
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • North Dakota
  • North Carolina
  • Tennessee
  • Texas
  • Florida
  • South Dakota
  • South Carolina
  • Utah
Nuula service available in US States
Financial products
Nuula
Personal Loans
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
$5,000-$50,000
Term
i

Loan term for the financial product

up to 36 months
Nuula
Business loans
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
$5,000-$2,000,000
Term
i

Loan term for the financial product

up to 36 months
Similars products
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Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
100.00 – 20000.00 $
Rate
i

Effective interest rate on the product

from 0.05 %
Term
i

Loan term for the financial product

5 days – 3 months
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
100.00 – 4000.00 $
Finanso
Personal Loans
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
2000.00 – 100000.00 $
Rate
i

Effective interest rate on the product

6.34 – 35.89 %
Term
i

Loan term for the financial product

2 months – 72 months
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

4.25
(20 Ratings)
Recommended FinScore™
0
300
650
1000
$500-$4,000
Rate
i

Effective interest rate on the product

up to 160%
Term
i

Loan term for the financial product

9-18 months
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
up to $5,000,000
Rate
i

Effective interest rate on the product

correlated with the current market rate
Term
i

Loan term for the financial product

up to 20 years
LoanMe
Business Loan
Rating by Finanso®
i

The rating by Finanso® is determined by our editorial team. The scoring formula includes a financial product type as well as tariffs, fees, rewards and other options.

Recommended FinScore™
0
300
650
1000
$3,500 - $250,000
Calculate loan payments in Nuula

Nuula calculator will allow you to calculate an approximate payment schedule for the loan

Nuula calculator
Interest rates are given in accordance with the rates of the Nuula of 27.03.2024
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