Merchant cash advances of 100% to 150% of your monthly revenue.
- Best for new businesses with a regular cash flow — regardless of your credit.
- Pick something else if you want long-term options or flexible repayments.
$500,000
Max. Amount
Details
Product Name Fundomate revenue-based business funding Max. Amount $500,000 Requirements 3+ months in business, $10,000+ monthly deposits, eligible industry
- At least three months in business
- Monthly deposits of $10,000 or higher
- Eligible industry
First, do I qualify?
You only need to meet a few basic requirements to qualify for Fundomate revenue-based funding:
- At least three months in business
- Monthly deposits of $10,000 or higher
- Eligible industry
Ineligible industries
You can’t qualify if your business is in one of the following industries:
- Adult entertainment
- Cannabis
- Financial services and advisers
- Gambling
- Government agencies
- Law firms
- Nonprofits
- Real estate
- Religious groups
- Used car sales
What makes Fundomate revenue-based business funding unique?
Fundomate offers competitively priced merchant cash advances with a fast turnaround. Its factor rates run from 1.19 to 1.38 — its equivalent starting APR is around 28%. Your loan amount and rate are based on your business’s revenue alone, making it a good option if you have bad credit or are just starting out. Typically, you can receive between 100% and 150% of your monthly gross revenue.
And while most merchant cash advance companies charge daily repayments, Fundomate also offers a weekly repayment option.
Pros
- Low cost compared to other merchant cash advance companies
- Easy to qualify
- Funding as soon as the same day
Cons
- More expensive than traditional loan
- Maximum 18-month term
- Not all industries qualify