FREE ANALYSIS REQUEST
Frequently Asked Questions
Question: Can you guarantee that I will match with a Credit Partner?
Answer: We only accept Entrepreneurs who are likely to match, but we cannot guarantee a match 100%, and Match Fees are Non-Refundable. We charge a Match Fee to be paid upfront. If the original Credit Partner does not match, then we will match you to another Credit Partner of similar quality at no additional charge.
Question: Do Credit Partners require a minimum monthly fee, regardless of funding obtained?
Answer: Yes, all Credit Partners require that you pay a Minimum Monthly Fee regardless of the Funding obtained. This is to ensure the Credit Partner has a minimum level of financial incentive to assist you in the process of applying for Funding.
Question: Do I need industry experience?
Answer: You are expected to have experience in the Industry for which you are looking for Funding. The Credit Partner must feel comfortable that you know what you are doing and will put the funds to good use.
Question: Do I need to maintain payment reserves with the credit partner?
Answer: Yes you do. Credit Partners will often require 6 to 12 months of Minimum Payments to be kept as Payment Reserves in case you are late on Payments. Payment Reserves must be funded from each Credit Facility obtained before the Credit Partner will give you access to the rest of the Funds.
Question: How can I make sure the credit partner will qualify for funding?
Answer: You will be allowed access to the Credit Partner’s Credit Report and Credit Scores (with Personally-Identifiable Information redacted) so you can decide if the Credit quality meets your requirements. Most Credit Partners will have Excellent and Clean Credit with High Credit Scores so that most types of Funding will be accessible.
Question: What is considered a ‘Match Attempt’?
Answer: A Match Attempt is the process of attempting to convince a pre-selected Credit Partner to agree to Match with you. We will first pre-select Credit Partners that meet your Criteria, and whose Criteria you also seem to meet. We will then work with the Credit Partner to answer his questions and concerns and get the Contract signed.
Question: Will my chosen credit partner accept to work with me?
Answer: Will my chosen credit partner accept to work with me?
Question: How is the monthly fee calculated?
Answer: The Monthly Fee is calculated as the greater of:
- Fixed Monthly Minimum; OR
- The agreed-upon Risk Premium based on the total credit balances as of the 1st of each Month.