Get Funds

Updated on Aug 23, 2024

Introduction

Finding funders is a long process for small businesses. Each funder has its 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 Get Funds was developed to help applicants apply for funding from many lenders at the same time. Get Funds has partners with multiple lenders to make it easier for small businesses looking for a merchant cash advance.

What Is a 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 Get Funds merchant cash advance is also Shariah compliant.

Through this model, Get Funds connects 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 Get Funds.

What Does Get Funds Offer?

The Get Funds 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.
  • Match 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 ApplicationApply online and get your application approved quickly.

Merchant Cash Advance – The Get Funds 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 – Get Funds 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 Get Funds 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 Get Funds

When applying for funding through Get Funds, 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 Get Funds. The company may also request additional documents such as management and financial accounts, should the funder require it.

Pros and Cons

Pros

  • Quick application process.

  • Access to multiple lenders.

  • Easy-to-use dashboard.

Cons

  • Limited funding options.

  • Funding amount dependent on your turnover.

  • Monthly turnover must be above R 100 000.

FAQs

No, unfortunately Get Funds does not approve funding applications for anyone who is blacklisted.

No, because a merchant cash advance is an unsecured loan,  you don’t need collateral/security.

No, Get Funds outlines its only charge when you use the online calculator.

If you are unable to repay the loan, you can talk to the lender for an extension.

Most funders consider only business credit scores, although some may also look at personal credit scores. Get Funds can connect you with funders willing to work with lower credit scores than traditional banks.