Your questions answered
What is Fundingly?
Fundingly is a leading provider of working capital for small businesses and e-commerce marketplace sellers. We created fast, transparent and friction free access to capital.
Can I receive funding from Fundingly?
Fundingly provides growth capital to small businesses, marketplace sellers, service providers, freelancers, online hosts and brick-and-mortar stores. We are happy to fuel your growth.
Is my business eligible?
To be eligible for funding, your business must be at least 6 months old incorporated in the US, have at least $10,000 total gross bank deposits and a business bank account.
How does the application process work?
Our online application is quick, hassle-free, and doesn’t impact you credit score. All you have to do is tell us the basics about your business and securely link your bank account.
Will applying impact my credit score?
No, applying will NOT impact your credit score. We base our credit decisions on your performance data. In certain cases in order to verify your identity we will check your credit.
What do you look at when approving an application?
We’ve developed a proprietary performance rating system. Some things we check are your financial history from your bank account, your sales volume, sales growth, inventory levels and the type of products or services you sell.
We already have one business location and are looking to open another. Can we still apply?
Absolutely. Once you get funding, the money is yours and you can spend it any way you deem fit. There are only two conditions: that you use the funds for business purposes, and that you use the same business bank account.
Why do I need to link my business bank account?
We use your business bank information to verify your identity and assess your business performance. We will also use this bank account to send you funds once it is approved. We maintain bank level security and all your information is secured using military grade encryption.
What does it cost to get capital from Fundingly?
Once you apply, we will provide you with the unique offer outlining your funding amount and repayment terms.
How do you calculate my repayment payment.
Most businesses receive offers with a daily ACH repayment. We calculate repayment amount by taking past historical data and some foresight about your business.
How do I repay my advance?
Automagically, that’s how! Fundingly is connected to your bank account, so we manage your payments for you without you lifting a finger. Every day or week, we’ll take a small percentage of your repayment amount via ACH.
Where can I see my repayment history and renewal eligibility?
You can see your payment history and renewal offers with a set of useful metrics in your Fundingly dashboard.
If I apply now, when can I expect funds in my bank account?
Same-day funding. How do you like the sound of that? If you apply now, we’ll send you our offer quickly – in minutes, in most cases. After you e-sign it, we’ll start the ACH transfer almost immediately, which means you could have money in the bank within a couple of hours, depending on the time of day. In some cases, it may take up to 48 hours to get the funds out to you.
When can I renew for a larger amount and better offer?
Fundingly was designed with long-term partnership in mind, so with every new funding we give you better terms. We will notify you once you qualify for a renewal. You can also monitor your performance and renewal eligibility from your personalized client portal.
What if my marketplace account gets suspended?
Don’t worry, it happens to the best sellers, and we’re here to help. Our expert support will help you try to solve your problem and get you back up and running in no time. We work closely with industry attorneys that provide account suspension and other services.
I sell my own products. Do I still qualify for funding?
Sure thing! We’re with you all the way, and we respect that you’re building your own brand out there. Don’t hesitate to contact us for clarification, or simply sign up on Fundingly. You can chat with our e-commerce experts right from the platform and get a tailored deal.