Frequently Asked Questions
Not at all, you can get started immediately with the full program even when using a payment plan.
The program works for any and all businesses and investors. It is perfect for start-ups because you do not need to provide tax returns or profit statements.
On average, most clients receive funding within the first 30-45 days. For Performance Based clients, it’s 15-30 days.
We will pull a tri-merge credit report and do a full review of your profile during your consultation with a Senior Funding Coach.
This is a totally done-for-you system. The Fund&Grow team handles everything, start to finish, with the exception of credit repair and removing the inquiries. All you have to do is wait for the cards to come in the mail! Fund&Grow will guide you through inquiry removal and/or recommend a credit repair company to do the work for you.
Capital One and Discover are two business credit lenders who report to the personal credit reports. The Fund&Grow team will not use them for business credit. It is our job to know which lenders to utilize and which to avoid. Any business credit that we acquire WILL NOT report to or affect your personal credit, unless you want to go after the aforementioned accounts.
The monthly payments are 1% of the balance. So, if you are utilizing $30,000 at 0% interest, your monthly payment will only be $300. Fund&Grow recommends making 2-3 times the minimum payment on the accounts obtained so your business can build a strong relationship with lenders.
Fund&Grow provides one-on-one coaching to build your credit score to the highest levels possible. In addition, Fund&Grow has a credit repair affiliate and recommends using their separate service. While your credit is in repair, the Fund&Grow team can work on other credit-building strategies such as Corporate Credit and the creation of an LLC and/or Sole Proprietorship.
Fund&Grow offers two types of memberships. Option one is the Performance-Based program where you pay $1 to sign up and pay 8% of all funding obtained. Option two is a 12-month membership where you obtain up to $50,000-$250,000 in 0% interest funding through multiple rounds of funding. The 12-month option is a one-time fee and you do not pay anything on the backend. The 12-month membership also gives you access to 12-months of one-on-one support, access to the DIY Corporate Credit program, among many other special perks.
Fund&Grow cannot guarantee an exact amount for the total membership or for each round of funding. In most cases, clients receive between $30,000 and $80,000 in their first round of funding and up to $175,000 to $250,000 after their membership is completed. The amount of funding obtained is based on personal and business creditworthiness. Fund&Grow will guide you, so you are in the best position to obtain the highest funding amounts possible.
Fund&Grow offers a 60-day money-back guarantee which includes a complete refund, minus a 4% processing fee. If we are unable to obtain any credit in the first 60 days, you will be issued a refund. Please refer to the Terms of Service to review the entire 60-day money-back guarantee policy.
Fund&Grow will provide every option to spread your debt out between other accounts, use different loans to manage your debt, and help you obtain a personal or business consolidation loan. To obtain the consolidation loan, proof of personal and/or business income is necessary. We recommend keeping personal revolving accounts down to 30%, or lower, debt to credit limit. Fund&Grow will recommend getting your business revolving accounts down to 40%, or lower, before each round of applications.
We don’t want to hurt your chances of obtaining any loans you are currently seeking. Fund&Grow submits 4 to 6 applications for you, so expect new inquiries from each lender on your report on the day of applications. Before applying for business funding, we recommend completing any mortgage or refinance processes, since these inquiries can impact your loan amount. Fund&Grow helps clients in these situations all the time by helping them create an LLC and guiding them through the DIY Corporate Credit program while they are working on the mortgage, refinance, auto loan, etc.
Corporate Credit is based on the business only and is not tied to the owner. In other words, corporate credit is not personally guaranteed. Most corporate credit is billed Net30 or Net60, meaning you will purchase a product or good and then you will need to pay off the balance within 30 or 60 days, depending on the terms of the lender. Business Credit in the form of credit cards are personally guaranteed but also have higher limits and allows the user to use the credit in multiple ways. Both forms of credit are great ways to establish business credit which will allow banks to lend at a higher limit with lower interest rates.
From time-to-time Fund&Grow offers a special where you can add another person to your file at no additional cost. During this special, you may only add one family member, business partner, or personal friend to your file. Both you and the secondary will be included under the same file and normal terms of service will apply to the entire file. Both parties in the file will receive their own funding under the same timeframe. The 12-month membership begins when the file is opened, not when the secondary is added to the file. In other words, both clients will use the same 12-month timeframe. The secondary will go through their own separate rounds of funding to secure the most amount of business credit instead of working as a co-applicant. Funding totals will be based on the combined amount for both the primary and secondary of the file. A secondary can be removed and replaced at any time, unless Fund&Grow has already obtained funding for that individual.
