What are the repayment methods?
Repayment methods vary depending on the funder, ranging from daily, weekly, or monthly collections via debit order. We offer flexible terms tailored to your business’s needs.
Does the funder consider credit scores?
Most funders consider only business credit scores, although some may also look at personal credit scores. getfunds can connect you with funders willing to work with lower credit scores than traditional banks.
What alternatives are they to a MCA
Working capital for SMEs can come from internal cash flow, overdrafts, family assistance, and credit cards. However, these alternatives are often restrictive, unavailable, or insufficient to meet business needs. That’s where merchant cash advances shine.
Can I get funding if i am blacklisted?
Unfortunately not
How does it work?
We require minimal documentation, Once received Get funds will Allocate your application to the most suitable funder based on the best match for your needs. From start to finish can take 1-3 days. If happy with outcome, you sign contract and receive money within 24hrs.
What are the repayment terms?
Get Funds works with multiple funders, offering a wide range of short-term solutions. The average deal terrns range between 3-10 months, but we can arrange facilities for IO to 24 months as well.
How much does it cost?
Get Funds is partnered with multiple cash advance providers, so pricing varies. Clean to medium-risk deals cost between 2-3% per month, while high-risk or stacked deals cost around 3-4% per month.
Is a Merchant Cash Advance Shariah complaint?
Merchant Cash Advances are structured legally as buy-and-sell agreements of future revenue, not loans. Therefore, the cost is considered a discount on revenue rather than interest, making it Shariah compliant. Some of our funders are Shariah certified.
What happens if I cannot afford the repayments?
Funders are usually willing to negotiate lower repayments during tough times, provided theres open communication and a willingness to repay.
What is a Merchant Cash Advance?
A Merchant Cash Advance is an unsecured turnover lending solution. Its a cash advance leveraged against business revenue and paid over short terms. Its purpose is to unlock working capital quickly and accessibly.
