Paintbrush

$50k funding at the idea stage—yes, really.

4.0•1 review•

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That chicken-and-egg problem of not being able to get funding until you have a business, but not being able to build a business until you have funding? Solved. Get your funding at the idea stage, so you have the time and money to build.
This is the 2nd launch from Paintbrush. View more

Same-Day Startup Funding by Paintbrush

Apply, get approved, and get a $50k startup loan in one day
The earliest funding for startups is now also the fastest... The Paintbrush Loan is now available with same-day funding.* Apply, get approved, and get funded all in the space of a few hours. *Available for loans accepted before 2:50 EDT, business days
Same-Day Startup Funding by Paintbrush gallery image
Same-Day Startup Funding by Paintbrush gallery image
Same-Day Startup Funding by Paintbrush gallery image
Same-Day Startup Funding by Paintbrush gallery image
Launch tags:Fintech•Venture Capital•Fundraising
Launch Team
NMI Payments
NMI Payments
Don’t Integrate Payments Until You Read This Guide
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What do you think? …

Oleg from FirstHR
FirstHR
Big congrats on the launch! Upvoted. Best of luck!
Stephen Walter
Sunset
Maker
@oleg_eltsov Thank you so much!
Tomáš Blaťák
I love this idea, fast capital can really safe startup operations in problems when clients did not pay invoices and any other...
Stephen Walter
Sunset
Maker
@tomas_blatak1 Thanks Thomas. Wouldn't it be easier to get clients to pay their invoices on time?!
André J
DiffSense
What's the catch?
Stephen Walter
Sunset
Maker
@sentry_co Thanks Andre. The catch is that you have to repay the loan! Unlike venture capital, Paintbrush doesn't take any ownership or control of your company, in return startups need to pay back their loan over the 5 year term.
Tatiana Stronskaya
Congrats on the launch! Seems like an awesome product!
Stephen Walter
Sunset
Maker
Daniel Barnett - WORKetc
Kudos to Paintbrush for having relatively straightforward and transparent T&C's. This ain't advice but founders should be fully cognisant that they will (likely) be personal guarantors for the loan - meaning that if the business can't repay the loan, or is late to pay the loan, the guarantor *may* be immediately liable for outstanding loan plus interest and other fees. And once in receipt of notice of default, will have 5 days to repay in full. Notably - the T&C's suggest that missing a single repayment will put the loan into default. As with any financial product always go in with eyes-wide-open and if even the slightest bit uncertain, seek professional advice. " -1: Number of missed payments before you are in default" "If you are in default of this Agreement, we may add all accrued and unpaid interest and other amounts you owe us to your Balance, accelerate payment of your Balance, and demand immediate payment of your Balance and any other outstanding obligations under this Agreement, which you must pay within five days of our demand."
Stephen Walter
Sunset
Maker
@daniel_barnett Thanks Daniel, we worked really hard to make sure the Paintbrush Loan's terms were transparent. Yes, you are absolutely correct. The Paintbrush Loan contains a personal guarantee, with a unique income-driven repayment, which we believe will balance out the risk for a new founder. You can read more about it here, and of course, I'm happy to answer more questions. https://support.getpaintbrush.co...
André J
DiffSense
@daniel_barnett Thanks for the analysis. In Norway you can get 4x the loan with zero collateral, zero interest, payback starts after 4 years. If you cant pay you just close the company. Other countries might not have as favourable conditions but it's worth looking into.
Stephen Walter
Sunset
Maker
@daniel_barnett @sentry_co That's so cool! Something that should exist in every country.
Maali Baali
Serand
Wow, great work. Congratulations on the launch.
Stephen Walter
Sunset
Maker
@maali_1 Thank you!
Himanshu
UpVPN
Congratulations on launch! How does repayment of loan work?
Stephen Walter
Sunset
Maker
@gigapotential Thank you! The Paintbrush Loan is a 5 year, fully amortized commercial term loan. Repayment is made in flat, monthly, amounts over the whole life of the loan. There is no variable interest, prepayment penalty, or origination fee. Any specifics that I missed?
Himanshu
UpVPN
@stephen_walter5 nope, thank you!
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