Your business must be over six 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 550.
Repayments are triggered automatically and may be split into several portions depending on the amount to return. 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 Repayments are withdrawn from your spending account first.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.
Yes. All money transfers within the Fundomate network are instant.
All you need to apply is basic information about you, your business and your bank account details.
Applying will not affect your credit score.
You can access your funding immediately after you successfully complete the onboarding process.
Yes. Fundomate accounts are FDIC insured through Blue Ridge Bank, N.A. - Member FDIC.
rating score: 4.9 of 5
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