The solution enables small businesses to access automated daily cash advances and manage their finances in real time with a single user-friendly dashboard. Businesses can enjoy convenient, fast, and secure online banking capabilities and use a dedicated debit card to pay bills and easily track expenses.

Our small business funding program is a standalone service in which you apply for an advance, we give you the money and you pay it back daily or weekly with a percentage of your sales. With RTF, not only do you get access to our business funding program, but you get it INTEREST FREE for a shorter term in addition to a full cloud-based dashboard that gives you the ability to manage your cash flow in a simple manner. RTF is quick, easy, auto-renewable and gives you the peace of mind that there’s always money in the bank.

All you need to apply is basic information about you, your business and your bank account details.

Your business must be over twelve months old and average a minimum of $5,000 in gross monthly revenue over the last three months to qualify for one of our programs. You’ll also need a personal FICO credit score that’s above 600.

No, applying will not affect your credit score.

You can access your funding immediately after you’ve successfully completed the onboarding process.

Repayments are triggered automatically and may be split into several portions. The Fundomate system will inform you about the repayment plan (the amount and schedule). Repayments are withdrawn from your spending account first. If your spending account has insufficient funds, repayments originate via an ACH debit transaction from your connected third-party bank account. All repayment transactions are reflected in your transaction feed.

Currently, Fundomate does not issue physical cards. Instead, you are given a virtual card immediately after activating your account so that you don’t have to wait 7-10 business days to begin making purchases or payments you need to run your business (like you would do with a traditional debit or credit card). You can also add the card to your virtual wallet on your mobile phone and use it as a regular bank debit card via Apple Pay or Google Pay, if you’re making a purchase online, or in a brick-and-mortar location, or any retailer you shop at frequently.

A traditional credit card is going to charge a high annual fee, high interest rates, while RTF provides instant, interest-free money that is always available to you via a virtual debit card. Why risk creating compounding debt on traditional monthly payments with credit cards that can really put you in a bind even if you make a single late payment! You don’t have to worry about fees with RTF — plus, the dashboard provides a full complement of features that allow you to stay on track with managing your money on a day-to-day basis, pay vendors and more.

While we don’t have any restrictions on how you use the funds, we certainly recommend that you put the money towards things that will grow your business. You may also choose to allow business partners and employees to use your RTF virtual card by adding it to their mobile phone wallet for day-to-day purchases that keep your business running smoothly.

There are no fees or penalties for non-usage. You simply payback on the amount you used with no additional interest! The rest of the balance will be available for whenever you need it with no penalties.

Yes. Fundomate accounts are FDIC insured through Blue Ridge Bank, N.A. - Member FDIC.

Your business must be over 12 months old and average a minimum of $10,000 in gross monthly revenue over the last three months to qualify for one of our programs. You’ll also need a personal FICO credit score that’s above 600.

Funds are typically deposited into your account within 24 hours.

Payments are withdrawn from your business checking account daily via ACH. You can choose to repay at your own pace with a percentage of your daily sales or make fixed daily payments.

You can use your funds without limitation to purchase inventory, finance payroll, expand your business, and much more.

Each application is considered based on your bank transactions, cash flow, and partially on your credit. Your actual rate is calculated using our proprietary algorithm, which takes into consideration several factors.

The funding amount you receive is determined by multiple factors such as personal and business information and money flows in your connected business bank account.

You are not required to provide any collateral. We simply consider your business’s overall performance and cash flow.

You can keep the funds for up to 18 months. However, the terms you receive depend on your eligibility.

Yes. Fundomate accounts are FDIC insured through Bancorp Bank - Member FDIC.