About lender
PopCash Funding is an online platform for financing medium-sized and small business owners. Pop-Cash Funding was created to combine the needs of companies and the needs of the population in a simple, profitable, and reliable investment tool. The core team comprises professionals who have extensive experience in business financing.
This organization started in 2021. The company states there are no hidden fees and no credit checks. You only need a business bank account to get funds. The company doesn't actually issue loans, yet the procedure and purpose are similar to personal loans. However, PopCash purchases a portion of your business's future receivables.
Key features
- Fast and Easy Access to Funds. PopCash Funding offers business owners fast and easy access to funds up to $1,500 in minutes, all online. They achieve this through their proprietary online automated funding site, which prioritizes assisting business owners with their short-term financing needs.
- Quick and Convenient Financing. PopCash Funding aims to provide small business owners with quick and convenient access to working capital without having to wait weeks for bank loans or other funding sources. This can be incredibly helpful for small business owners who need to fund day-to-day operations, such as equipment maintenance, hiring extra help, and more.
- No Hidden Fees or Credit Checks. PopCash Funding does not charge any hidden fees or perform credit checks when approving loan applications. All that's needed is a business checking account and simple online application completion.
- Expedited Funding Services. PopCash Funding plans to offer expedited funding services during its live day event, making it even easier for small business owners to access the funds they need to operate successfully.
Overall, PopCash Funding offers small business owners a convenient and accessible option for obtaining working capital quickly and easily. However, it's important to thoroughly research the platform and its reputation before deciding to use its services.
Pros and cons
Pros
- PopCash Funding is a secure platform for borrowers with high protection.
- Loan agreements in PopCash Funding have relatively simple policies.
- Combining on the community grounds makes PopCash Funding more loyal to borrowers.
- There are allegedly no hidden fees and no credit checks.
Cons
- When joining PopCash Funding, you need to open a profile, agree with policies, and make an initial payment.
- High-interest rates from many lenders can alienate a potential borrower.
Reliability
After researching online, there are mixed reviews regarding the reliability of PopCash Funding. While some customers have had positive experiences with the platform and appreciated the fast and easy access to funding, others have reported issues with the repayment process and hidden fees.
On Trustpilot, PopCash Funding has a rating of 4.6 out of 5 stars. Some customers have praised the company for its fast and reliable service.
It's worth noting that PopCash Funding has a B- rating from the Better Business Bureau (BBB), which is a moderate rating. However, the company has only been in business for a few years and has not yet been accredited by the BBB.
Overall, exercising caution and researching before using any financial services or platforms is important. While PopCash Funding may be a viable option for some small business owners, it's important to carefully read the terms and conditions, understand the fees and interest rates, and consider reviews and ratings from other customers before making a decision.
Products
PopCash Funding offers various lending options for business owners. Among them is a consumer loan, which is the best option for borrowers. Good credit history can lower the upper limit somewhere up to 15% per annum.
Qualified businesses can get funding up to $1,500. Businesses with a good remittance history can take additional funds in the future. The funding usually takes less than three days to transfer.
Funding a loan
PopCash Funding has a fast funding system. The loan approval takes place within 4 hours. After approval, the transfer of funds takes place within three days.
Conditions
PopCash offers three lending options:
- For small business owners,
- Merchant cash advance,
- Various credit lines.
If you want to get financing as a small business owner, then PopCash is ready to provide you with a loan of $1,500. The application is processed within 48 hours. So be prepared to provide your and your business's financial information.
The company doesn't actually issue loans, yet the procedure and purpose are similar to personal loans. However, PopCash purchases a portion of your business's future receivables.
A particular type of loan provision provides for the use of funds within the established limit. Repayment and disbursement of funds occur in stages, and such operations are referred to as tranches. As a rule, the schedule of cash flow of the credit line is set in the most convenient mode for the borrower. When the debt is fully repaid, the borrower is offered to open a credit line again, often on more options and terms within the framework of a new contract.
PopCash Funding vs. HonestLoans
PopCash Funding and HonestLoans are online lending platforms offering small business owners and individuals short-term loans. However, there are several key differences between the two platforms:
- Loan Amounts. PopCash Funding offers loans up to $1000, while HonestLoans offers loans up to $50,000. This means that HonestLoans may be a better option for larger financing needs.
- Loan Terms. PopCash Funding offers short-term loans, while HonestLoans offers longer-term loans, typically with up to 72 months repayment periods. This means HonestLoans may be a better option for borrowers needing a longer repayment period to manage their cash flow.
- Credit Checks. PopCash Funding does not perform credit checks when approving loan applications, while HonestLoans may perform a soft or hard credit check, depending on the lender. This means that PopCash Funding may be a better option for borrowers with a poor credit history or who do not want their credit score impacted.
- Customer Support. PopCash Funding has received mixed reviews regarding its customer support, while HonestLoans has generally positive reviews regarding its customer service.
Overall, both PopCash Funding and HonestLoans offer fast and easy access to short-term loans for small business owners and individuals. However, the main differences lie in loan amounts, loan terms, credit checks, and customer support. It's important to carefully consider these factors when choosing a lending platform that best fits your financial needs and situation.
PopCash Funding vs. Kabbage
PopCash Funding and Kabbage are both online lending platforms that offer short-term loans to small businesses. Here are some key differences between the two:
- Loan Services. PopCash Funding provides short-term loans up to $1,500 for small business owners, while Kabbage offers small business loans up to $250,000.
- Funding Amounts. PopCash Funding provides loans up to $1,500, while Kabbage's loans range from $1,000 to $150,000. This means Kabbage may be a better fit for businesses requiring larger loan amounts.
- Repayment Terms. PopCash Funding provides short-term loans with up to 12 months of repayment terms, while Kabbage's repayment terms range from 6 to 18 months.
- Eligibility Requirements. PopCash Funding requires borrowers to have a business checking account, be a legal resident of the United States, be at least 18 years old, and have a certain minimum income. Kabbage requires borrowers to have been in business for at least one year and have a minimum annual revenue of $50,000.
- Loan Approval Process. PopCash Funding provides automated loan approval and funding in minutes, while Kabbage has a more involved loan approval process that may take a few days to complete.
PopCash Funding and Kabbage are online lending platforms offering small businesses short-term loans. While PopCash Funding provides smaller loan amounts, Kabbage provides larger ones. It's important to carefully review the loan terms and conditions and compare them with those of other lenders to ensure you're getting the best possible financing option for your business.
PopCash Funding vs. BlueVine
PopCash Funding and BlueVine are online lending platforms offering financing options to small businesses. Here are some key differences between the two:
- Loan Services. PopCash Funding provides short-term loans up to $1,500 for small business owners, while BlueVine offers invoice factoring and lines of credit up to $250,000 for small businesses.
- Funding Amounts. PopCash Funding provides loans up to $1,500, while BlueVine's financing options range from $5,000 to $250,000. BlueVine may be a better fit for businesses requiring larger financing.
- Repayment Terms. PopCash Funding provides short-term loans with repayment terms of up to 12 months, while BlueVine's repayment terms range from 6 to 12 months for lines of credit and up to 90 days for invoice factoring.
- Eligibility Requirements. PopCash Funding requires borrowers to have a business checking account, be a legal resident of the United States, be at least 18 years old, and have a certain minimum income. BlueVine requires borrowers to have been in business for at least 24 months, have a minimum credit score of 625, and have annual revenue of at least $40,000.
- Loan Approval Process. PopCash Funding provides automated loan approval and funding in minutes, while BlueVine has a more involved loan approval process that may take a few days to complete.
Overall, PopCash Funding and BlueVine are online lending platforms offering financing options to small businesses. While PopCash Funding provides smaller loan amounts, BlueVine provides larger financing with varying fees and interest rates depending on the chosen financing option. It's important to carefully review the loan terms and conditions and compare them with those of other lenders to ensure you're getting the best possible financing option for your business.
PopCash Funding vs. OnDeck
PopCash Funding and OnDeck are online lending platforms offering financing options to small businesses. Here are some key differences between the two:
- Loan Services. PopCash Funding provides short-term loans up to $1,500 for small business owners, while OnDeck offers term loans up to $250,000.
- Funding Amounts. PopCash Funding provides loans up to $1,500, while OnDeck's loans range from $5,000 to $250,000. This means that OnDeck may be a better fit for businesses requiring larger financing.
- Repayment Terms. PopCash Funding provides short-term loans with repayment terms of up to 12 months, while OnDeck's repayment terms range from 12 to 24 months.
- Eligibility Requirements. PopCash Funding requires borrowers to have a business checking account, be a legal resident of the United States, be at least 18 years old, and have a certain minimum income. OnDeck requires borrowers to have been in business for at least one year and have a minimum annual revenue of $100,000.
- Loan Approval Process. PopCash Funding provides automated loan approval and funding in minutes, while OnDeck has a more involved loan approval process that may take a few days to complete.
Overall, PopCash Funding and OnDeck are online lending platforms offering financing options to small businesses. While PopCash Funding provides smaller loan amounts, OnDeck provides larger financing amounts with variable interest rates and an origination fee. It's important to carefully review the loan terms and conditions and compare them with those of other lenders to ensure you're getting the best possible financing option for your business.
