Family Business Fund
Jersey City · Founded 2019
About Family Business Fund
Family Business Fund, an advocacy organization that aims to help small businesses to have access to the capital needed to grow. It offers a platform that connects people who are interested in microfinancing between $5,000 and $50,000 cash advances to companies that have been in business for at least two years. The financing is on future sales, account receivables, or purchase orders, and is never longer than six months. The rate of return to the micro-financer is between 20% and 33% on a yearly ROI calculation. In short, the FBF platform gives you future receipts at a discounted rate. Typically, businesses wanting faster access to their cash (as opposed to waiting extended periods of time for their invoices to be paid) will participate in this kind of transaction. It was established in 2019 in Jersey City, New Jersey.
Company Facts
- Founded: 2019
- Legal name: Family Business Fund LLC
- Operating status: Operating
- IPO status: Private
- Employees: 1 – 10
- Total funding: $5.0M
- Last round: Debt Financing (Sep 2021)
- Website: familybusinessfund.com
- Phone: (888) 884-6442
Social Profiles
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