Our minimum qualifications are: personal FICO credit score of 480, your business must be over 3 months old and you need to average a minimum $10,000 in gross monthly revenue over the last 3 months. Reach out for personalized information.
Each application is considered based on your bank transactions, cash flow, and partially on your credit. Your actual rate is calculated based on our proprietary algorithm which takes several factors into consideration.
There are multiple options. Depending on your preferences, business type, and setup, you can choose between daily, weekly, and monthly ACH payment options, lock box, or credit card split payments.
You do not need to provide any collateral when applying through FundMate. We simply consider your business’s overall performance and cash flow. Our goal is to make the funding experience as seamless as possible and to build long-standing relationships with the companies we fund.
Depending on your eligibility, you will be able to keep the funds for up to 18 months.
Thanks to our quick and fully automated process, you are able to sign the contract and get funded as fast as the same day you apply. Based on our previous customers’ experience, the funds will reach your account within 24 hours.