SOURCE: Direct Funder

April 20, 2016 17:13 ET

Direct Funder Introduces New Funding Source for Start-Up Businesses

PHOENIX, AZ--(Marketwired - April 20, 2016) -  It's no secret that Small Business Owners have a very difficult time acquiring business funding to capitalize their start-up businesses. In fact, a great many businesses fail each year that might otherwise have been grand successes had they had access to funding for their small business start-ups and ideas. Unfortunately, the US banking community does not commonly provide small businesses, particularly start-ups with capital to start a business. Even SBA loans require the entrepreneur to collateralize their other assets such as their home and other businesses. Essentially, the entrepreneur has to put up everything up for collateral that he or she has worked so hard to build in their life.

In fact, most often, if a small business is fortunate enough to get a loan from a bank or an SBA loan it is because the business owner has demonstrated performance in sales, longevity and a consistency in bank balances.

According to Duc Nguyen, Founder of Direct Funder, "Our new Direct Funder platform is here to change all of that. We want to provide the small business start-ups with the fighting chance they need to make their dreams come true by matching their needs to find the capital right for them. Most good ideas never get off the ground because they simply didn't have the start up capital to launch." Nguyen continued by adding that he realizes that management has a lot to do with business success but stands firm that without start up capital a small business is at a strong disadvantage because they have money to market their products and services.

The Direct Funder Program differs from other lenders in that the program does not require collateral, cash flow or proof of income, or even a business plan. The Direct Funder Platform simply requires a decent credit score to demonstrate physical responsibility. In fact, the program charges ZERO interest for the first 12 months to give the business owner a running start.

Nguyen continues, "We will most commonly find the capital through our affiliate partners a loan anywhere from $50,000 on up to $250,000 depending on the small business owners payment track record and credit line ratio." He continues, "As soon as we get an application filled out, we try to get an approval as quickly as 48 hours. If we can get an approval, we generally are able to get our clients funding in 10 business days from the date of approval."

Most Common Uses for Start Up Capital:

  • Buy an existing business
  • Build a new store
  • Flip real estate
  • Buy out an existing partner 
  • Expand their business 
  • Buy into a new franchise
  • Acquire more inventory or equipment

When asked why Nguyen is targeting the Vietnamese market, he states, "First of all, I am Vietnamese, I speak fluent Vietnamese and, second, the Vietnamese people in my opinion are some of the most entrepreneurial people that I know. I know the culture. They came here for the American dream. I believe that to fulfill that dream, it starts with business capital." Nguyen is launching a new website specifically for the Vietnamese entrepreneurs at: TaiTroVon.com, which is an affiliate of Direct Funder. TaiTroVon in Vietnamese means Startup Capital Funding.

To learn more about this small business program, go to: www.directfunder.com
See: http://www.taitrovon.com/
Or contact: Duc Nguyen at 520-977-3853

Contact Information

  • Media contact:
    Troy Bohlke
    480-584-2909