Durable is a financial technology company that partners with reputable financial institutions to provide business owners with transparent and affordable financing solutions. The company's seamless application process, fast funding, and high approval rates make it easier for business owners to access the capital they need to fund their business operations. Durable's unique approach to financing has made it a go-to destination for small business owners who have previously been turned down by traditional financial institutions.
In addition to providing financing, Durable offers a website builder, service business software, and a Durable Visa® Prepaid Card, which allows business owners to conveniently access their funds, make online and in-store purchases with low fees and no hidden charges.
TLDR
Durable is a fintech company that provides transparent and affordable financing solutions to business owners as well as offering a website builder, service business software, and a Durable Visa® Prepaid Card for convenient access to funds. Durable's seamless application process, fast funding, and high approval rates enable business owners to access the capital they need more easily than traditional financial institutions. Durable partners with reputable financial institutions, uses data and technology to quickly evaluate applicants and make funding decisions, and has a unique approach to financing that empowers small business owners financially.
Company Overview
Durable is a financial technology company that provides business owners with simple and transparent financing solutions. Although it is not a bank, Durable partners with Stripe Payments Company for money transmission services and account services with funds held at Evolve Bank & Trust, Member FDIC. The company aims at empowering business owners financially through its innovative financing products.
One of the products that Durable offers is the Durable Visa® Prepaid Card, which is issued by Sutton Bank®, Member FDIC, pursuant to a license from Visa USA Inc. The prepaid card allows business owners to conveniently access their funds, and make online and in-store purchases. This card comes with low fees and no hidden charges, making it an affordable option for business owners.
Durable's unique approach to financing has made it a go-to destination for small business owners who have previously been turned down by traditional financial institutions. The company's commitment to transparency means that business owners can understand their financing options in simple terms, ultimately contributing to their financial success.
Durable's seamless application process, fast funding, and high approval rates make it much easier for business owners to access the capital they need to fund their business operations. The company uses data and technology to quickly evaluate applicants and make funding decisions. This ensures that business owners can get money in their account within a few business days, thereby allowing them to fund their business operations seamlessly.
Overall, Durable is a reliable and customer-centric fintech company that provides innovative financing solutions to business owners. The company's partnership with reputable financial institutions and its transparent financing process ensures that business owners can access the capital they need with ease.
Features
Transparent Financing Solutions
Clear Terms and Low Fees
Durable aims at providing transparent financing solutions to business owners. The company's commitment to transparency means that business owners can understand their financing options in simple terms, ultimately contributing to their financial success. The financing process is easy to understand and comes with clear terms and low fees, making it an affordable option for business owners.
No Hidden Charges
Durable's financing solutions come with no hidden charges, making it easier for business owners to plan and manage their finances. With Durable, business owners are aware of what they are getting into, which helps eliminate the stress and uncertainty that often come with financing.
Partnered with Reputable Financial Institutions
Durable partners with Stripe Payments Company for money transmission services and account services with funds held at Evolve Bank & Trust, Member FDIC. This partnership enables Durable to offer reliable financing solutions to business owners.
Durable Visa® Prepaid Card
Convenient Access to Funds
The Durable Visa® Prepaid Card is issued by Sutton Bank®, Member FDIC, pursuant to a license from Visa USA Inc. The prepaid card allows business owners to conveniently access their funds, and make online and in-store purchases, anywhere Visa is accepted. This saves business owners the hassle of waiting for checks to clear or running to the bank to withdraw funds.
Low Fees and No Hidden Charges
The Durable Visa® Prepaid Card comes with low fees and no hidden charges, making it an affordable option for business owners. The card is designed to help business owners manage their finances and avoid unnecessary expenses associated with other payment methods.
Secure and Protected
The Durable Visa® Prepaid Card is a safe and secure way for business owners to access their funds. The card is protected by Visa's Zero Liability policy, which ensures that business owners are not responsible for unauthorized purchases made with their card. Additionally, the card comes with EMV chip technology for added security during transactions.
Fast Funding and High Approval Rates
Seamless Application Process
Durable's seamless application process makes it easier for business owners to apply for financing. The application process is done online, which saves business owners time and eliminates the need for them to travel to a physical location to apply for financing. The process is designed to be simple and straightforward, and takes only a few minutes to complete.
Quick Evaluation and Funding Decisions
Durable uses data and technology to quickly evaluate applicants and make funding decisions. This enables business owners to get money in their account within a few business days, thereby allowing them to fund their business operations seamlessly.
High Approval Rates
Durable has high approval rates, which means that more business owners can access the capital they need to fund their business operations. The company's commitment to using data and technology ensures that the application process is objective, and that approval rates are fair and equitable.
Customer-Centric Fintech Company
Reliable and Transparent
Durable is a reliable and customer-centric fintech company that provides innovative financing solutions to business owners. The company's partnership with reputable financial institutions and its transparent financing process ensures that business owners can access the capital they need with ease. Durable is committed to building trust with its customers, and this has contributed to its success as a leading fintech company.
Empowering Business Owners Financially
Durable's unique approach to financing has made it a go-to destination for small business owners who have previously been turned down by traditional financial institutions. The company aims at empowering business owners financially through its innovative financing products. Durable's commitment to transparency and fair financing terms ensures that business owners are not burdened by high fees or hidden charges.
Fast Funding and High Approval Rates
Durable's commitment to its customers is evidenced by its fast funding and high approval rates. Business owners can apply for financing online and get funding within a few business days. With Durable, business owners are assured that they can get the capital they need to fund their business operations quickly and efficiently.
Seamless Website Builder and Service Business Software
Fastest Website Builder
Durable's website builder is the fastest in the world. With just three clicks, a business owner can generate a fully designed website with copy, images, and a contact form in under a minute. This makes it easy for a business owner to establish an online presence quickly and easily.
Effortless Customization
Durable's website builder comes with simple editing tools, multiple pages, and a free custom domain. No coding skills are required, which makes it easy for business owners to customize their website according to their needs. Business owners can also add more features to their website at any time.
Service Business Software
Durable's service business software helps small business owners manage their operations more efficiently. The software comes with features such as scheduling, invoicing, and payment processing. This makes it easier for business owners to manage their finances and operations from a single platform.
AI-Powered Underwriting System for Efficient Funding Decisions
Efficient Underwriting Process
Durable uses an AI-powered underwriting system to evaluate funding applications. This enables the company to make faster and more efficient funding decisions, which means that business owners can get money in their account within a few business days.
Objective and Fair Evaluation
The AI-powered underwriting system ensures that funding decisions are objective and fair. The system evaluates funding applications based on data and eliminates the possibility of bias or human error. This makes it easier for business owners to access financing, regardless of their background or personal circumstances.
Data-Driven Financing Decisions
Durable's use of data in underwriting and financing decisions ensures that business owners get the capital they need to fund their business operations. By using data, Durable is able to assess financial risk accurately and efficiently, which means that business owners can access financing on fair and equitable terms.
FAQ
What is Durable?
Durable is a financial technology company that provides business owners with simple and transparent financing solutions. The company partners with reputable financial institutions for fund holding and transmission services. Durable provides affordable financing products, including the Durable Visa® Prepaid Card, with low fees and high approval rates, to empower business owners with the capital they need to fund their business operations.
What financing products does Durable offer?
Durable offers various financing products, including the Durable Visa® Prepaid Card, which allows business owners to access their funds conveniently and make purchases online and in-store. The prepaid card comes with low fees and no hidden charges, making it an affordable option for business owners. Durable also offers traditional term loans, SBA loans, and invoice financing with a seamless application process, fast funding, and high approval rates.
How does Durable evaluate applicants?
Durable uses data and technology to quickly evaluate applicants and make funding decisions. The company considers various factors such as the applicant's credit history, time in business, and revenue to determine their creditworthiness. Durable's unique approach allows business owners to access the capital they need within a few business days, making it easier for them to fund their business operations seamlessly.
What benefits does Durable offer compared to traditional financial institutions?
Durable's commitment to transparency and innovation provides several benefits to business owners. The company's seamless application process, fast funding, and high approval rates make it much easier for business owners to access the capital they need to fund their business operations.
Unlike traditional financial institutions, Durable does not require collateral, and the application process does not involve lengthy paperwork, making it much more accessible. Durable also provides low fees and no hidden charges, making it an affordable option for business owners.
What are the requirements to apply for a financing product with Durable?
To apply for any financing products with Durable, business owners must meet certain requirements. Durable requires applicants to have a minimum credit score of 600, at least six months of business operations, and a minimum monthly revenue of $10,000. For the Durable Visa® Prepaid Card, there are no credit checks or minimum revenue requirements.
