Getting Funding with Outfund: 3 Things You Need to Know

In the dynamic world of ecommerce and consumer packaged goods (CPG), securing the right funding can be the key to unlocking growth and success. With a plethora of lenders in the market, finding the perfect financing solution for your business can be challenging. However, Outfund, through its partnership with Yardline, offers a compelling option for businesses looking to access quick and flexible funding. Here are three essential things you need to know about getting funding with Outfund:

1. Introduction to Outfund and Yardline:

Outfund is a financial technology company that specializes in providing growth capital to ecommerce and CPG brands. By partnering with Yardline, a platform dedicated to connecting businesses with various lenders, Outfund ensures that businesses have access to a diverse range of funding options.

Yardline stands out in the financing landscape by offering a marketplace where lenders compete for your business. This competitive environment benefits businesses, as it results in more favorable rates and terms. With Yardline's commitment to supporting the unique needs of ecommerce and CPG brands, the platform has become a go-to resource for businesses seeking tailored financing solutions.

2. Qualifications for Funding: 

Outfund, through Yardline, has streamlined the funding process, making it accessible to a wide range of businesses. To qualify for funding, businesses should meet certain criteria. While eligibility may vary, Outfund generally works with ecommerce and CPG brands that demonstrate a strong growth trajectory.

Unlike traditional lenders that may focus heavily on credit history, Outfund takes a holistic approach, considering factors such as sales performance, business model, and market potential. This approach allows businesses with promising prospects to secure funding even if they lack an extensive credit history.

3. TYPES OF FUNDING OFFERED:

Yardline, in collaboration with Outfund, offers a comprehensive suite of financing options tailored to the specific needs of ecommerce and CPG brands. Eligible businesses can access funding up to $20 million, and the approval process is designed to be swift, with decisions often made within 24 hours.

Some of the funding options available through Yardline include:

• Inventory Financing Programs: Ideal for businesses looking to manage and expand their inventory without straining cash flow.
• Lines of Credit: Flexible credit lines that provide businesses with ongoing access to capital as needed.
• Small Business Loans: Traditional loans designed to support various business needs, such as expansion or equipment purchases.
• PO and Invoice Factoring: Solutions that leverage outstanding purchase orders or invoices to secure financing

The diverse range of funding options ensures that businesses can find the right fit for their unique circumstances, promoting financial flexibility and growth.

Navigating the landscape of business financing can be complex, but Outfund, in collaboration with Yardline, simplifies the process for ecommerce and CPG brands. By offering a variety of funding options, quick approval times, and a competitive marketplace, Outfund and Yardline provide businesses with the tools they need to thrive in a rapidly evolving market. If you're an ambitious ecommerce or CPG brand seeking funding to propel your business forward, exploring the opportunities with Outfund through Yardline could be the strategic move that sets your company on the path to success.