Frequently Asked Questions
We have put together a list of commonly asked questions below. If the answer to your question is not found on this page please contact our customer support team.
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 monthly processing over the last 3 months. You can also find more information here.
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 into consideration several factors.
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 Fundomate. We simply consider your business' 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 up to 18 months.