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Frequently Asked Questions
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Why choose Upstart as your SME quick loan alternative?

‍Similar to SME quick Loans, Upstart could also fuel SMEs’ business growth with optimal financing models with quicker processes to other funding options. By funding up to $100,000, we are dedicated to injecting new life into your small business, giving you the boost you need to reach the next level.Besides, Upstart supports small and medium-sized enterprises with higher flexibility than that SME quick loans could offer. With Choco Up, you're not tied to a fixed repayment schedule. We know that business can be unpredictable, and so can your cash flow. That's why we offer the flexibility to repay as you earn. Last but not least, it allows you to focus on growing your business without financial worries or payment constraints.
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What are the biggest differences between Choco Up Upstart and traditional SME Quick Loans?

The first huge difference is the non-dilution characteristics, as Choco Up Upstart does not take equity and collateral. The second difference is the repayment arrangement. While the traditional SME Quick Loans require the businesses to repay a fixed amount on a monthly basis, Choco Up Upstart's repayment arrangement is flexible as it is growth-based, which means the arrangement would change depending on the revenue of your business. The traditional SME Quick Loans have higher risk in putting the business in danger, as it would have a great impact on the cash flow management, while Choco Up Upstart is more like a growth partner with your business, allowing ups and downs that fit the business needs of SMEs more.
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