The Fund and Grow Process Step by Step
When you sign up for the service, you fill out their application and you tell them about your business and what you need the funds for.
No income verification
The application is pretty basic and straightforward. The best part is that they do not ask for tax returns and they do not ask to verify your income. That is one of the things that we really like about this because this program works on getting you unsecured credit.
Things that they do ask for are articles of incorporation if you have an existing business entity. Your business EIN number, your business address, a current copy of your driver’s license, and a utility bill to prove your residence.
You also sign a power of attorney so that they can do a soft pull on your credit and apply for credit cards on your behalf.
They take your business information and they do a soft pull on your credit reports. They go through the reports with a fine-tooth comb, and they give you a game plan of exactly what you need to do to get approved for credit.
You will need to have decent credit at the very least to be able to get approved for cards. But they help and coach you all the way through this process. They even help you to repair your credit to ensure that you quality for funds. Learn more about credit requirements in their free business funding training.
If you have bad credit, they will help you with credit repair. If you have decent credit they will help you with your utilization ratios. If you have great credit, you will need to do much during the onboarding process.
Inside of your dashboard, after you filled out all your paperwork, you can schedule your consultation with one of their professionals.
This is where they jump on the phone with you and go over your situation in detail and the game plan about you both are going to tackle the situation to get as much credit as quickly as possible.
They get to work for you
Their experienced and talented staff then goes to work on your behalf to negotiate with creditors to get you high limit zero or low-interest credit cards.
They start communicating with creditors and banks and they work hard to get the credit cards for you. You are pretty much hands-off at this point. They will coach you every step of the way. They will even coach you when you get credit card offers in the mail and what to do with them.
The enrollment with Fund and Grow is for one year term. During the first year, they will run four separate rounds of applications so that they can get as much credit as they can on your behalf.
Typically applicants see results anywhere between $50,000 and $250,000 in credit, depending on your situation, how much you need, and your credit.
The beauty of having business credit is that business credit cards will typically not show up on your personal credit side.