Finance

Term Life Insurance

  • Who is LeapLife?

    LeapLife is the leading life insurance search, comparison, and recommendation engine. They help millions of Americans secure life insurance coverage from the country’s top insurance carriers. Nuula has partnered with LeapLife to power our Term Life Insurance search for small business owners.

  • Who can get Life Insurance coverage through LeapLife?

    To be eligible to secure life insurance through LeapLife, you must be:

    • A U.S. citizen or permanent resident for more than 2 years
    • 18-75 years old at the time of application
  • How does LeapLife work?

    LeapLife allows you to search the largest network of top digital life insurance carriers at once. Search and compare quotes, all right within Nuula. Here’s how to do it:

    1. In the Nuula app, tap Finance, scroll to the Protect your loved ones with Term Life Insurance tile and tap Explore term life insurance
    2. Learn more about the insurance offered and tap Get your FREE quotes
    3. Share some basic information about yourself
    4. Review quotes from top-rated carriers
    5. Select the policy that’s right for you
    6. Complete your application with your selected provider
  • What is "no exam" Life Insurance?

    Most traditional life insurance plans require a medical exam, blood work, or both. Getting a “no exam” life insurance plan is just as the name implies – no needles or doctor visits required. Answer a few basic health-related questions over the phone or online and you’re good to go. No exam plans may not be available to every individual or for every policy.

  • What does Life Insurance cover?

    If illness or injury strikes and you or your family are in need of cash, life insurance can provide the funds. Although it’s an unpleasant thought, should death occur during your working years, life insurance helps cover mortgage or rent payments, utilities, credit card bills, and other debts owed.

    Life insurance can also be used to pay funeral costs, unpaid medical bills, college tuition, taxes, and/or everyday living expenses. Another way of saying it: your family or loved ones can pretty much choose to use the funds any way they see fit.

  • Who can I contact if I have a question about my Life Insurance quote or policy?

    You can contact the LeapLife team by emailing support@leaplife.com or calling (844) 755-5327.

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Simple Life Insurance plus wellness

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Term Loans

  • Who is Mulligan Funding?

    Mulligan Funding is a nationwide provider of business funding in the U.S. that specializes in Small Business Term Loans. We chose Mulligan Funding to provide Term Loans to Nuula customers in the U.S. based on their:

    • Simple online application

    • Fast funding

    • Customer ratings

    • Experience

  • Who can I contact if I have a question or problem with my Term Loan from Mulligan Funding?

    You can contact the Mulligan Funding team for help at 855-326-3564 or Support@MulliganFunding.com

  • What are the minimum requirements for a Term Loan from Mulligan Funding?

    Mulligan Funding offers small business funding options with minimum eligibility requirements:

    • Location: United States

    • Yearly revenue: $120k (or monthly average revenue of $10k)

    • Time in business: Minimum 6 months

    • Credit score: Minimum 600

  • How do I apply for a Term loan from Mulligan Funding in the Nuula app?

    Open the Nuula app, select Finance in the bottom navigation, scroll to the Mulligan Funding tile, and tap Get started:

    1. Take 5 minutes to provide a few pieces of information to Mulligan Funding

    2. Review your options

    3. Once approved - your funds will be in your business bank account as fast as 24 business hours*

    4. Track your Mulligan Funding Term Loan status right within the Nuula application

    *Approval and funding speed refer to applications submitted during normal business hours (Monday-Friday, 9 AM – 5 PM PT.) Most approvals happen within a few hours on completed submissions. Delays could occur due to unforeseen circumstances or if additional information or verification is required.

  • What is the difference between a Term Loan and a Line of Credit?

    Term Loans are a great option when you have a larger, longer-term investment that requires a fixed amount of funding. For example, purchasing equipment or opening a new location are common reasons a business might use a term loan. Term loans are for a specific dollar amount, tied to a specific business purpose, to be paid back over a set period of time. A loan is granted as a lump sum for one-time use, so the credit advanced can’t be tapped back into as you pay it off. With a Term Loan, interest accrues on the full loan amount right away.

    A Line of Credit, on the other hand, can be taken out against general business needs and is often used to smooth out cash flow. For example, if you have to pay bills while you’re waiting for revenue to come in, or need to invest in inventory ahead of a seasonal sales spike, a Line of Credit can give you flexible access to cash. A Line of Credit has a credit limit - just like a credit card - and you can draw down on that credit repeatedly while the Line of Credit is active. With a Line of Credit, interest accrues when funds are drawn down. Both Term Loans and Lines of Credit require payments that are a combination of interest and principal.

  • How fast can I get approved for a Term Loan from Mulligan Funding?

    You can be funded as fast as 24 hours*.

    *Approval and funding speed refer to applications submitted during normal business hours (Monday-Friday, 9 AM – 5 PM PT.) Most approvals happen within a few hours on completed submissions. Delays could occur due to unforeseen circumstances or if additional information or verification is required.

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Personal Loans

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Corporate Cards

  • Who is Caary?

    Caary is a financial platform that provides credit to small and medium-sized businesses. The Caary corporate card does not require a personal credit check or personal guarantee, and there’s no annual fee. It connects to your corporate bank account and offers a number of benefits tailored to businesses, including expense management, spend control tools. Caary offers higher credit limits, easy integration with accounting systems, and allows for a clean separation of business and personal spending.

  • Who can I contact if I have a question or problem with my Caary Corporate Card?

    You can contact the Caary team for help by emailing support@caary.com.

  • How do I apply for a Caary Corporate Card in the Nuula app?

    Open the Nuula app, tap Finance in the bottom navigation, scroll to the Caary tile, and tap Get started, then:

    1. Take 5 minutes to provide a few pieces of information to Caary

    2. Provide your business bank account information

    3. Once approved - set up your Caary account

    4. Track your card(s) right within the Nuula app

  • Who is eligible for Caary’s Corporate Card?

    Caary serves small to medium-sized Canadian businesses across a wide array of industries. In order to qualify for Caary, a business must:

    • Be a registered corporation in Canada (Quebec coming soon).

    • Have at least a $35,000 average account balance in its business bank account.

    • Minimum annual credit card spend of $25,000 (i.e., purchases that are eligible for a direct payment through a credit card).

Wealth Management

  • Who is OneVest?

    OneVest is a digital wealth management platform that offers a broad set of asset classes and investment strategies that help investors better reach their goals.

    As a small business owner, it’s likely that a significant portion of your assets are invested in your business. You need a solution to diversify your investments that afford you liquidity when you need it for your business. Nuula partnered with OneVest to design a wealth management solution purpose-built for small business owners.

    OneVest helps you set goals and achieve them by organizing your portfolio around your milestones. Your portfolio is actively managed and automatically rebalanced, so you don't need to research or monitor the market. There’s no minimum investment, and you are able to access investments that are typically only available to large institutions or the 1%. By enabling fractional shares, OneVest gives small business owners access to investment services typically gated behind massive capital requirements.

    You can apply for a OneVest account seamlessly within the Nuula app, and view your portfolio status at a glance within the Nuula app once you’re live.

  • Who can I contact if I have a question or problem with my portfolio with OneVest?

    You can contact our Customer Success team at customersuccess@nuula.com.

  • How do I start investing with OneVest in the Nuula app?

    Open the Nuula app, select Finance in the bottom navigation, go to the OneVest tile, and tap Get started. Then you’ll be asked to:

    1. Provide a few pieces of personal information to OneVest to help build your profile

    2. Tell them your financial goals and how you’d like to invest

    3. Confirm your identity

    4. Review your agreement

    5. Once approved, you can start tracking your portfolio within the Nuula app

  • Who is eligible to invest with OneVest?

    To invest with OneVest the following is required:

    • A valid SIN number

    • A valid government-issued photo ID (driver’s license, passport, permanent residence card, etc.)

    • Canadian residency      

    • You’ll need to be the age of majority in your province or territory

  • Is there a minimum amount I need to invest with OneVest?

    No, there is no minimum amount that you need to invest with OneVest.

     

     

  • Why do I need to provide OneVest with my Social Insurance Number (SIN)?

    Your Social Insurance Number (SIN) is required by the Canadian Revenue Agency (CRA) for tax reporting purposes.