A Merchant Cash Advance Thats Perfect For Gig Workers

Get Approved in Minutes and Funded Up To $10,000 in hours

Don’t worry, this won’t hurt your credit score

A Merchant Cash Advance Thats Perfect For Gig Workers

Get Approved in Minutes and Funded Up To $10,000 in hours

apply now

Don’t worry, this won’t hurt your credit score

Why Choose Fundo

Get Funded Up To $10,000 In Just A Few Hours

In the last 10 years, the digitally-driven “gig economy” has explosively grown. Gig workers, or people who find short-term contract work outside of the traditional long-term employer-employee relationship, now account for about 35% of the US labor force. However, most “gig workers” cannot find any type of financing if they do not have superb credit, let alone financing that does not require a personal guarantee or giving up equity in their business.

Fundo was created to fill this gap in the marketplace, providing gig workers with an easy alternative to traditional bank and personal loans. Most merchant cash advance providers will not even consider assisting a self- employed person that generates less than $10,000 in monthly revenue.

THAT’S OUR SPECIALITY

How it Works

Applying For a Fundo Merchant Cash Advance is Simple

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Simply provide us with some basic information and complete a secure bank verification via Plaid. Don’t worry, we don’t store your login crednetials.

GET APPROVED

Verification of your transactions and approval takes place in Minutes! Many customers don’t even need to speak with us!

GET YOUR FUNDS

Same-day funding available until 3 PM ET, subject to review and approval.

Who Qualifies for a Fundo Merchant Cash Advance

To qualify for Fundo’s financing, we require a minimum of three months in business with consistent account activity. The account should have a minimum average monthly revenue of at least $1,500. This helps us assess your financial stability and repayment capacity.

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FREELANCERS

Uber, Lyft, Ride-share, Handy, TaskRabbit, Care.com, Fiverr, UpWork, AirBnB

SMALL BUSINESS

Truckers & Taxi, Salons & Beauty, Lawn & Pool Care, Bodega & Food Trucks

CONTRACTORS

Event Planners, Home Health Aides, Consultants & Freelancers, Tutors & Trainers

SELLERS & FRANCHISES

Amazon & Etsy, Avon, Amway, Herbalife, Mary Kay, Monat

 

Eligibility Requirements

Below are the Minimum Eligibility Requirements For A Fundo Merchant Cash Advance:

  • A Bank Account
    Needs to connect to Paid or Decision Logic

  • Minimum Average Monthly Revenue
    $1,500

  • Time in Business
    3 Months

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Everyone Loves Us Except the Competition

Honest and Transparent

Fundo is very honest and transparent with their service. They are also quick with their funding process. I highly recommend them.

– Kenneth D.

Helpful and Friendly

They were very helpful and explained things very well easy to work with and very friendly.

– Derrick B.

Reasonable rates

Excellent service quick options. Don’t miss any payments to keep them as a lending option for your business with reasonable rates.

– Fredy A.

Frequently Asked Questions

A Fundo merchant cash advance – is an advance payment for the purchase of your future business revenue. It is ideal for microbusinesses and self-employed individuals with fluctuating income and/or lower credit scores.

Often called an MCA, a merchant cash advance isn’t a loan, but rather an advance of funds based on a company’s or contractor’s business income. Business owners and independent contractors can easily apply for an MCA and have funds deposited into their checking account quickly—sometimes as quickly as the business day following the approval.

MCA’s usually carry much higher rates than other financing options so it’s critical you understand the terms you’re being offered so you can make an informed decision about whether or not an MCA makes sense to meet your needs. Our agents are available to walk you through every step of the process and explain your terms to you in detail – so you can confidently accept your funding offer.

Merchant cash advances are perfect for industries that typically receive most of their payments electronically, either via credit card payments or from transfers/electronic deposits. They are especially beneficial for business owners in the restaurant, retail and services industries, as well as independent contractors and owner/operators such as Uber and lyft drivers, who typically don’t have enough business income to qualify for a traditional loan or merchant cash advance.

At Fundo, we aim to assist self-employed professionals and small business owners by offering flexible financing solutions. Unlike traditional credit requirements, we do not consider your credit score. Instead, we thoroughly analyze your business’s bank statements to determine affordability and ensure that the advance will not negatively impact your operations.

To qualify for Fundo’s financing, we require a minimum of three months in business with consistent account activity. The account should have a minimum average monthly revenue of at least $1,500. This helps us assess your financial stability and repayment capacity.

However, it is crucial to note that currently, we are unable to offer our services in California and New York. We apologize for any inconvenience this may cause and hope to expand our coverage to these states in the future.

Our goal is to provide transparent and accessible funding options to a wide range of entrepreneurs. If you meet the qualifying criteria and reside outside of California and New York, we encourage you to take advantage of Fundo’s services.

So long as you don’t have an open bankruptcy, your credit score doesn’t impact your application. The primary factor in your application decision is your businesses revenue and account balances.

Fundo’s approval process can deliver your application decision in minutes. In many instances, a preliminary approval will be issued pending a verification interview with one of our client representatives. It typically takes no longer than 10 minutes to complete the application from start to finish and get your decision.

Fundo offers advances ranging from $500 up to $10,000, so you can get the cash you need to help your business grow. The amount of your offer is tailored to suit your needs and repayment ability, giving you the flexibility to get as much, or as little, cash as you need.

Depending on your cash flow, advances are generally repaid in under a year with small automatic debits from your bank account.

Unlike a term loan, merchant cash advance remittance can offer you additional flexibility in repayment. We understand that businesses have their ups and downs. Your business may have a few months where sales are booming, and then go through a time when they slowdown. Fundo offers you the flexibility to adjust your payments to account for these shifts.

We can also offer significant discounts to clients that have a sudden windfall and can payoff sooner than anticipated.

No. Fundo Cash advances are a purchase of a percentage of your future cash flow, so a personal collateral guarantee is never required to receive funding with us.

We typically require that you have paid back at least half of your previous advance but you can also ask for a review anytime you need more funds. But, since we handle each client on an individual basis, you can also ask for a review anytime you need more funds.

Currently we do not have collaborations with all US banks at this moment, we are continuously working to broaden our coverage. We strive to provide our services to a wider range of clients.

To stay informed about the banks we currently don’t work with, you can refer to the list of banks which are not eligible. We keep this section regularly updated to ensure transparency and keep you aware of any changes in our bank partnerships.

We are committed to your privacy and the security of your personal and business information. We use state-of-the-art 256-bit encryption and scan our site daily for malware while maintaining the highest standards of cyber-security.

We are a partner of Plaid who is the industry leader who makes it possible to securely connect to your banking institution.

Rest assured, Plaid takes the security and privacy of your financial data seriously. Their systems are designed with state-of-the-art encryption and security protocols, ensuring that your information is protected at all times. Your bank account data is securely fetched through Plaid’s API, allowing us to access the necessary financial reports, transactions, and balances needed for our automated decisioning process.

We understand the importance of maintaining the confidentiality of your information. As a Plaid partner, we adhere to stringent data protection policies and procedures to ensure that your data is handled in a secure and responsible manner. Your trust and privacy are our top priorities.

Utilizing Plaid to provide us with your bank data will not impact your credit history. The information we acquire through Plaid is solely used to assess your eligibility for our cash advance services and does not involve any credit checks.

Still need help? Contact us

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