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Apply now
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Pay companies on-time, everytime
Access financial features
Save time and money
Industry-leading security practices
Real-time balances and transaction notifications
FDIC insured
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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.
All you need to apply is basic information about you, your business and your bank account details.
No, applying will not affect your credit score.
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 Repayments are withdrawn from your spending account first.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.
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.
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. Your funds are FDIC insured up to $250,000 through Blue Ridge Bank, N.A.; Member FDIC.
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.
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.
You can access your funding immediately after you’ve successfully completed the onboarding process.
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.
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.
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.
rating score: 4.9 of 5
300 Continental Blvd Suite 410
El Segundo, CA 90245
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