Paintbrush - $50k funding at the idea stage - yes, really

@stephen_walter5 @trey_davis Thanks for the support! Hopefully this will make it easier for others in the future.

@asafdari Thanks so much! Also PH temporarily smothered our site, but our form is back up now for anyone who wants to get started on their journey! https://getpaintbrush.com/get-st...

@karan_parwani1 Thank you, nothing more exciting than to launch a new product.

Thanks so much for the support @kelly_may! Means a lot coming from great product people like you!

Hey @vikram_venkatasubramanian! You can see all our criteria here! (Which also means you can know immediately if you’ll be approved or not without having to give us a single piece of personal information if you don’t want to.) We won't tell you every single fraud detection process we use though since then it would be too easy to cheat. ;) In terms of how we make sure we get paid and reducing that risk, we do have a personal guarantee that means if your business fails and the loan hasn’t been repaid, you are still on the hook personally to repay the loan. However, it’s set up differently from any other commercial loan, with an income-driven repayment option. This makes it extremely flexible and can be paid back over time, as a % of your income (which means that if you don’t have any income, your monthly payment is $0). Learn more about how that works here.

@kaela_worthen - thanks for the clarification.

@brandon_spencer Thanks!

@hasan_mahmud2 Thank you! Appreciate the support.

@kb_sujith Hopefully we'll be able to expand internationally at some point in the future! Best of luck with your upcoming launch!

@kaela_worthen Absolutely, Kaela. Actually, we are coming to USA very shortly, but we would still not be able to leverage you as we do not have SSNs in USA, and hence no credit history. But I look forward to any other mechanisms for collaboration, in the future.

Hey @rohan_bluelearn! This is a commercial loan, not venture debt. The Paintbrush Loan does not transform into equity like a convertible note or SAFE Note, and Paintbrush does not take warrants or options of any kind. (Though this may be something we explore offering in the future!)

@binay_singh2 Thank you!