You May be Eligible for up to $200k in credits from the IRS

Get up to $200k in Employee Retention Credits (ERCs) from the IRS as part of the CARES Act, even if you received a PPP loan.
Minimum Eligibility Requirements:
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Your business was shut down due to COVID-19 government mandates

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Your business experienced a significant decline in revenue during COVID-19

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Your personal FICO score is above 600

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Minimum Eligibility Requirements:
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12+ months of business history

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$10,000 per month in gross revenue

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Your personal FICO score is above 600

Maximum Flexibility:
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No jumping through hoops, quick & easy process

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No interest or fixed payments

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No collateral required

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No restrictions on utilization of funds

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Claim Your ERC Credit in 3-easy Steps:

Complete the ERC Verification form in 2 min

Submit Your Payroll Documentation

Sign & Submit Your 941x IRS Form

What is the ERC Credit & How does it work?

The COVID-19 pandemic had a devastating impact on businesses and employees. Many businesses laid off workers, went out of business or are still struggling to recover.

If you kept your employees on payroll through the downturn and are currently operational, you may qualify for the Employee Retention Credit (ERC) Program, under the CARES Act. This is a direct cash refund from the IRS for payroll taxes paid during 2020-2021. Businesses can qualify and apply for Employee Retention Credits, but you have enough to worry about with trying to get your business back on its feet.

Fundomate offers a turnkey ERC pre-qualification program that can help you determine if you qualify for the ERC program and how much you can expect to receive from the IRS. We will help you submit your documentation to the IRS for payment processing.

So How Do You Qualify? Two Simple Methods!

Method 1 - Full or Partial Suspension of Operations Test (FPSO Test)Your business was fully or partially affected by government orders (local, state, or federal) that restricted your normal business services or office activities, affected your supplier's ability to perform, limited how you interact with customers, or forced you to change your business model;  OR​

Method 2 - Significant Decline in Gross Receipts Test (SDGR Test)Your business suffered significant declines in gross receipts in certain quarters in 2020 and 2021 compared to the same quarters in 2019.

Examples that have allowed businesses to qualify include the following, even if they made more revenue:
• Businesses whose suppliers are unable to deliver of critical goods or materials due to a government order that caused the supplier to suspend operations.
• Essential businesses that were able to stay open, but were limited in operational capacity or how they interacted with customers
• Businesses that had in-person capacity restrictions, such as indoor seating, number of patients, limited business hours, etc.
• Restaurants and other service industry businesses that were required to shift to pickup/delivery instead of in-store shopping.
• Businesses where access restrictions delayed the ability to perform certain procedures or evaluations.
• Issues acquiring enough essential PPE to allow employees and/or customers to come to the office or retail locations
• Businesses who had to limit or slow down business operations due to employees getting COVID-19 and requiring to quarantine
• Medical offices that were required to close due to COVID restrictions and then re-opened with restrictions on how many patients could be seen.
• Businesses whose workers or sales staff were restricted from entering a business due to COVID orders.Inability to attend normal industry trade shows and/or conferences

How do I qualify?

You must: a) have a personal FICO score of 600+; b) have been in business for at least 12 months; and c) have an average of $10,000 in gross monthly revenue for the last three months.

You don't have restrictions on what can I use the funds for?

Correct! We do recommend using the funds for income generating activities, such as: purchasing inventory, payroll and equipment financing, marketing, or business expansion capital.

How fast can I receive the funds?

Thanks to our user-friendly automated process, you can sign your agreement and get funded within 24 hours. Restrictions may apply.

Do I need any collateral?

You do not need to provide any collateral when applying through Fundomate. Using our proprietary algorithm, we simply consider your business’ overall performance and cash flow.

How do I pay back?

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.

What is the term I can get the working capital for?

Depending on your eligibility, you will be able to keep and manage the funds for up to 18 months.

See why thousands trust Fundomate

Don't wait. File your Employee Retention Credit today.

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