Wefunder Logo

Got a question? We'd love to help!

Can't find what you're looking for?

Email us: support@wefunder.com

What is a Disaster Loan?

Wefunder developed Disaster Loans for the coronavirus crisis.  The intention was to help save small businesses by allowing their customers to give a very low interest loan, with flexible repayment options based on revenues.  

The Disaster Loan is best for small businesses with a passionate customer base who wants to support the companies they love during a crisis.

Like a mortgage, a disaster loan has an interest rate.  However, unlike a mortgage, there is no fixed repayment schedule - the time it takes to pay back is an unknown, as it is based on the revenues of the business.    

To preview a sample, download the Revenue Loan Agreement.  By default, the following terms are customizable in our template:

  • Interest rate.  The annual return investors will receive by the time the loan is paid back.
  • % of Revenue Shared. This is the percentage of revenue that is shared until the loan is paid back.

Ready to get started?

Raise Funding or, Explore Startups
Can't find what you're looking for?

Email us: hello@wefunder.com