Please welcome Fundera to the QB Show family

Welcome to the QB Show’s newest sponsor, Fundera! The most recent addition to (check out their App Card here), we’re happy their joining the ranks of our amazing sponsors.

So, what IS Fundera? Simply put, its the easiest and quickest way to get a small business loan.

Right now, 82% of small businesses are getting their loan applications denied by the banks. The days of heading to your local bank to get a loan (or recommending your clients go there) is long gone. Why is this happening?

  1. Increased Regulation — Post-Recession, banks are having to carry less risk in their portfolios. Unfortunately, small businesses are inherently riskier than larger businesses.

  2. Smaller Loans — Often, small businesses aren’t seeking incredibly large loan amounts. However, considering the work that goes into underwriting, it costs banks just as much to make a small loan as it does a large loan. These small loan amounts aren’t profitable for banks, causing them to shut their doors to small businesses.

Luckily, an industry of new, online lenders have popped up to fill the void left by banks. But, finding a loan online can be overwhelming and time-consuming. Since the industry is so new, no one knows where to start. Not to mention, when you Google “small business loan,” every results looks identical.

That’s where Fundera comes in. They vetted the entire “alternative” lending industry and created a network of the best lenders out there (including other members Fundbox and BlueVine). Then, with one, singular application, business owners can apply to the lenders they like (and qualify for), ensuring they get the lowest cost loan in the fastest amount of time.

It’s a huge time-saver for the business owner, as they can shop for their loan options in one place. Not to mention, only having to complete one application (and prepare one set of paperwork) to apply to multiple lenders saves them hours if not days. Their integration with QuickBooks even expedites the process further, as the application can be pre-filled with your QuickBooks data.

Due to the competitive nature of their marketplace, Fundera is also able to make a lowest rate guarantee. That’s right. Borrowers will see a lower cost loan by shopping through Fundera than going directly to a lender. On average, businesses save $4,000 by acquiring a loan through Fundera.

Throughout the whole process, businesses are matched with their very own “success rep” whose sole job is to help them find the best product for their unique business. The only people you interact with throughout the process are a part of the Fundera team. You don’t have to worry about dozens of lenders calling you, trying to sell their product.

Best of all, Fundera is a completely free service.

For accountants, bookkeepers and ProAdvisors, Fundera has an Advisor program. If a client you refer to Fundera successfully secures a loan, you will receive 1% of the total loan size. They even have an “Advisor Portal” that lets you complete applications on your client’s behalf. You can sign up for their Advisor Program here.

In their first year in business, Fundera helped 300+ small businesses secure 12 million in funding — and they’re just getting started. Named one of the hottest startups in NYC, we’re glad Fundera has joined the QB Show family and excited to learn more about how they’re helping small businesses.

Questions? Let them know @Fundera or by emailing


RFQ 4/9/2014: Dawn, Woody & Stacy Answer Questions LIVE On Air


RadioFreeQB 4/9/14: Dawn, Woody & Stacy Answer Questions

Questions we answered:
1. Multi-user in QBOA: Hi, is there any way I can let other users into my QBO Accountants account? I would like to have other members of my firm access certain files.
2. Voided check causing unbalanced reconciliation: I accidentally printed a check with a date from a reconciled month. I caught the error after the check was printed, so I went back into the transaction and voided the check per normal. Now, I am trying to reconcile this month and the beginning balance is off. The reconciliation discrepancy report says that this particular check is the culprit. How do I fix my beginning balance? I have tried running another reconcile as instructed by online support, but the voided check reconciles as zero and I am unable to correct my beginning balance.
3. Owners Draw and Retained Earnings: I have entered a new company (sole proprietor) and there are just a few Owner Draw entries. I see that all of them are automatically showing up in Retained Earnings when I pull a Balance Sheet. However, there’s a difference of 71 cents between the two. I don’t understand it. What other categories would Retained Earnings be drawing from? These equity accounts are confusing. I changed QBs generated “Owners’ Equity” to Retained Earnings based on support advise. (Since Owners Equity was pulling a report instead of a register, I was told that it was actually Retained Earnings) Now I have a total of 4 equity accounts: Retained Earnings, Owner Draw, Owner Contribution and a new Owner Equity that I created, although I’m not sure what to do with the new Owner Equity account.
5. We have QuickBooks Premier Contractor Edition 2012, multi-user. I am the host computer: Recently every time I shut down QBs it kicks the user off. Never did this before – is there a solution to this problem?
6. I am trialing QB online and I imported my banking information: I am getting an error that i need to select a different type of account for this transaction. They are mostly banking fees and some debit transactions. Please help.
7. Asked to Rebuild Data Every time I Backup Data: Every time I go to back up my company file I get a message saying I need to rebuild my data. I followed the instructions from this thread I went to my QBWIN.LOG and searched for error messages… this is the only thing that came up as an error. LVL_ERROR–el_cname.c (24699) : CHECKPOINT: 2640: Thu Feb 27 21:06:49

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