Bond Street, an online lender for small businesses, and NerdWallet, have partnered to provide access to SME loans. As part of the partnership, Bond Street will be featured on NerdWallet’s Small Business Loan Tool, along with other lenders that provide capital to small businesses across the country.
Nonso Maduka, head of small business for NerdWallet, said they wanted to ease the process of providing financing for small business owners.
“Oftentimes that means connecting them with online lenders that are easy to use and offer competitive rates,” said Maduka. “We’re excited to partner with Bond Street to continue this mission, and to make it that much easier for consumers to access quick and affordable capital.”
Entrepreneurs looking for loans may use NerdWallet’s Small Business Loan Tool to get matched with lenders. Small-business owners will be asked several questions to receive personalized loan suggestions that fit their needs, along with advice to help inform their decision on selected lenders.
Bond Street focuses on providing affordable financing to small-business owners. Bond Street explains that their technology automates financial analysis during the underwriting process, allowing small-business owners to apply for capital in less than 10 minutes and receive funds in under a week. Loans range from $10,000 to $1 million, the widest term loan range in the alternative lending industry, with interest rates starting at 6%.
David Haber, co-founder and CEO of Bond Street, said they share NerdWallet’s mission to help business owners succeed.
“We’re excited to bring quick and affordable capital to NerdWallet’s customers to aid in their growth,” said Haber.