FAQS

WHAT DOES FUNDITO DO?

Fundito helps business owners find the right funding options to serve a specific purpose. The most common options that we offer are merchant cash advance, term loans, lines of credit, invoice factoring, and equipment financing. We are able to facilitate the various options through an easy application process and quick turn-around time. If you have any questions regarding any of those options, we are always here.

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WHAT IS A MERCHANT CASH ADVANCE ?

A Merchant Cash Advance is a factoring product where a business sells a portion of its future receivables in exchange for upfront cash. Since the advance is a sale of future receivables, the funder buys these receivables at a discount, and gives a lump-sum cash payment to the merchant in return. A small, fixed payment or percentage of the merchant’s daily credit card sales is remitted to repay the cash advance. Merchant cash advances are a viable alternative for many businesses because they provide needed capital that may not be available through traditional channels like banks. Best of all there is no collateral required and can be possible even with poor personal credit.

WHAT CAN I USE THE FUNDS FOR?

Funding can be used for many reasons surrounding your business. Some of the more common uses are:​

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• Operating capital / cash flow 

• Equipment and inventory purchases

• Hiring / staffing

• Advertising / marketing 

• Expansion / acquisition

• Business development 

HOW DO I QUALIFY?

Most merchants qualify for some type of business funding. We can work with poor credit and less than perfect banking history. The application process is short and simple, there is little documentation needed and collateral is not required. 
All we need to start is an application and the last 4 months business bank statements. We can have an approval in as little as 24 hours. You can submit your basic information and we will reach out to you as soon as possible.