Introduction
Finding funders is a long mission for small businesses. Each funder has their own terms and conditions, requirements and application processes and it can all be tiring.
To make things easier for small businesses, a platform by the name of FundGenie was developed to help applicants apply for funding from many lenders at the same time. FundGenie has partners with multiple lenders to make it easier for small businesses looking for merchant cash advance.
What Is Merchant Cash Advance?
A merchant cash advance is an unsecured loan. The lender leverages it against any outstanding/future invoices to help you get access to working capital quickly and easily. The FundGenie merchant cash advance is also Shariah compliant.
Through this model, FundGenie connect businesses with its partners to offer applicants quick processing, and higher approval rates. This saves you time from searching for a lender. Instead you can use the FundGenie.
What Does FundGenie Offer?
The FundGenie makes it easier for you to get funding for your business. The company works to create an easy channel for businesses to get the following:
- Free service to find a suitable funder.
- Matches your business with the correct funder.
- Does all the work for you so you can focus on your business.
- Works to get a quick approval time for businesses.
- Offers favourable terms and pricing for small businesses.
- Has partnered with top funders for great funding options.
Main Features
Easy Online Application – Apply online and get your application approved quickly.
Merchant Cash Advance – The FundGenie merchant cash advance is designed to allow lenders to use any outstanding/future invoices to help businesses get access to working capital quickly and easily. The merchant cash advance is also Shariah compliant.
Free – FundGenie is free to use and finds applicants a suitable funder.
Easy-to-use – Does all the work for you so you can focus on your business.
Quick Approval – Works to get a quick approval time for businesses.
Affordable Terms – Offers favourable terms and pricing for small businesses.
Online Calculator – The FundGenie platform has an online calculator that shows you how much your repayments will be. You can also select when you would like to pay (daily or weekly).
Pricing
Requirements For Funding Through The FundGenie
When applying for funding through FundGenie, you will need to apply online. Some of the basic requirements you need to apply, include:
- Yours and your shareholder(s) IDs. If your company does not have a/or shareholder(s), you need to submit your ID document only.
- Your company registration documents.
- Valid bank statements.
These are the basic required documents you need to submit when applying for funding on FundGenie. The company may also request additional documents such as management and financial accounts, should the funder require it.
