Absolutely. Whether approved for the MCA Consolidation Program or the Bridge Credit Program (for firms assessed to be ‘bank ready’ within months), Fundsolidation offers monthly payments.

Rather than incrementally dispensing funds and charging a global cost of capital like a reverse consolidation, Fundsolidation pays off approved clients indebtedness upfront.

Since underwriting will determine what clients can budget monthly, specific facility length varies. However, terms are typically structured between 18-24 months.

Maximum funding amounts are 500k, however we can syndicate with partners above that threshold to $1M.

The Fundsolidation Program does not have an SBA Guarantee like Banks receive to mitigate downside risk. Accordingly, underwriting needs to fully understand the financial status of those firms accepted into the program. Seeing past performance, credit, year to date earnings and liabilities determines whether clients will be accepted into the program.

While there is no hard ‘pass/fail’ for credit qualification/acceptance, the Fundsolidation program is based on small businesses being able to exit the program into Bank/institution debt. When FICO scores are weighted down beneath 620, the ability to score above 680 (the typical minimum Bank credit score) becomes challenging for anticipated acceptance into a Bank/Institution credit facility.

The initial due diligence package required for pre-qualification into the program is application, 6 months of corporate bank statements, YTD profit and loss, balance sheet, debt schedule (matching the balance sheet), and 1 year corporate and personal tax returns. Once all the docs above are received, a decision on pre-qualification is made within 2 business days. If approved funding typically occurs within 10 business days thereafter.

Mindful that Fundsolidation is meant to be a Bridge to Bank/institution credit, the answer is no. Not all businesses are eligible for Bank credit as many operate with restricted NAICS codes based on speculation or industries considered to be morally challenging to align with.

In the truest sense, the Fundsolidation Program exists to foster small business owners to secure the lowest cost of capital while preserving their daily and weekly cash flow. Accordingly, the Program is not merely a credit facility. Those firms accepted into the Program receive a dedicated Business Consultant to prepare and guide them for anticipated acceptance for long-term Bank lending instruments.