Can I get payment holidays?
Some funders offer payment holidays for specific reasons, such as business renovations or seasonal closures
What happens if we can’t afford the repayments anymore?
Funders are usually willing to negotiate lower repayments during tough times, provided there‘s open communication and a willingness to repay
Why use Get Funds instead of going directly to a funder?
Get Funds‘s partnerships with top-tier merchant cash advance companies offer several advantages, including better terms, quicker processing, and higher approval rates. Instead of using Google when you need funds use a Get Funds broker to get: Free Service Correct funder match first time We do all the work Much quicker Better Terms and price We […]
What is the best use for a cash advance?
Cash advances are ideally suited to short-term needs, such as working capitalsolutions, business improvements, stock purchases, and cash flow management.
Can i get a cash advance if i already have an active advance?
Yes, Get Funds works with funders willing to provide additional funding alongside existing advances
Is It Wise To Move From One Funder To The Next To Get A Better Deal?
If you get offered a better deal than your current facility, it is very tempting to take it, however, if it’s not a stacked deal, the better offer will come with the condition of settling your current cash advance provider. This could mean big penalties, and these will be massive hidden costs that will make […]
What documents are required?
Basic Information like shareholder IDs, company registration docs and bank statements are required. We might request management accounts and financials should the funders require, but generally the paperwork is always minimal and basic.
Are there hidden fees?
Merchant cash advances are transparent, with any fees clearly outlined. Some funders may charge small administrative fees.
Who is Get Funds partnered with?
Get Funds is partnered with best-in-class Merchant cash advance funders. We specialize in working capital solutions. We only deal with alternative funders, our clients prefer the speed and ease of our funder vs the banks and other institutional funders’ low approvals, long turnaround times, securities and tedious application requirements.
Do we take a percent of card sales as a repayment?
No, our funders negotiate a fixed debit order upfront, either daily, weekly or monthly. This debit order is a fixed repayment and doesn’t fluctuate according to your card sales. The percentage of card sales repayment methods is not ideal because many clients historically find themselves paying the advance off far sooner than they thought and […]
