LI fintech firm launching “Fund Tank” loan show | Long Island Business News

For businesses seeking capital, a Hauppauge firm is offering a twofer: Get a loan and promote your business on a new show. 

National Business Capital is launching “Fund Tank,” a show that features businesses needing financing up to $1 million, where the first $50,000 will be interest free to those companies that make the cut. 

“Fund Tank” is the brainchild of National Business Capital founder and CEO Joe Camberato, who is currently looking for businesses to participate in the show that will be initially shown on YouTube. Qualifying businesses need to have brought in at least $1 million in revenue in the last 12 months; have been operating and generating revenue for at least two years; are having trouble getting loans; and need capital to expand and attract talent. 

The rates for the loans available through “Fund Tank” vary based on certain underwriting criteria, including, but not limited, to personal and business credit, sales history and time in business. 

Camberato is currently a judge on a show called “Two Minute Drill,” a business pitching program that airs on Apple TV and says he is in discussions with other media platforms to present “Fund Tank.” 

“Accessing capital in today’s environment is challenging. Most entrepreneurs are great at what they do, but don’t understand all of the business funding solutions available to them,” Camberato told LIBN. “This show will help showcase what’s important to underwriters when applying for financing and not only help businesses access capital, but also promote their business at the same time. On top of that, we’ll be paying for the first $50,000 in interest.” 

Through SBA loans, lines of credit, equipment financing, and more, Camberato says his team at National Business Capital has helped clients secure more than $2 billion in funding since 2007.