We buy Promissory Notes and Factor Receivables for Internet Professionals
iFunding.club is the result of the realization that traditional funding sources such as banks, credit unions or other mainstream factors simply "don't get" the internet, ecommerce and web businesses.
I found this out the hard way in 2005, when I spent the better part of a year seeking funding to buy out my business partners in an internet business which was then 8 years old, had zero debt and had been profitable since the second year.
As an internet or web professional your business probably does not fit into the standard, industrial age formulas your bank will use when evaluating your request for a loan. They will ask for your financials, plug them into a spreadsheet, get to the part where it asks for receivables and inventory and "oh oh!", those numbers are often zero. What now? They mumble something about "goodwill" and tell you they can't finance you.
The other alternative then becomes private equity debt lenders who will want to take a piece of equity in your business and charge you an exorbitant rate of interest.
I'm Mark Jeftovic, founder and president of easyDNS Technologies Inc. I've created iFunding.club in order to make non-predatory financing available to the new generation of web businesses and self-employed internet professionals. I know how tough it is getting financing via traditional channels. I've been there. At iFunding.club we:
- Factor receivables for IT professionals
- Advance funds against your website revenues and PPC earnings
- Purchase promissory notes backed by either real estate or web businesses
And for those experiencing typical lack of liquidity issues facing privately held web businesses and income producing websites we also:
- purchase all or parts of privately held technology companies
- purchase original content and niche websites