How it works
Including the part most brokers leave out: what we do, what the funders do, and how we get paid.
The application takes about ten minutes: your business basics, revenue picture, owner information, and documents: three complete months of business bank statements, a government ID, a voided business check, and proof of ownership. You can save partway and come back; the form holds your place.
Underwriters read hundreds of files a week. A clean, complete, well-organized package gets read faster and taken more seriously, so that is what we build. Then we match your file against what each funder on our panel approves (industry, revenue, time in business, existing obligations) rather than guessing.
Your file goes to a small number of matched funders in sequence, not simultaneously to everyone. That protects you from a week of cold calls, and it protects your file’s standing with the funders who see it.
The funders review, and the decisions are entirely theirs. Useful Funding controls whether your file gets looked at, and nothing after that. Some come back in hours, some take a day or two. Declines happen, and when one does we move to the next matched funder rather than leaving your file parked.
Offers come back with the amount, the cost, the payment schedule, and the conditions laid out plainly. Take one, take none, or ask us to push for better. The funder you accept contracts with you directly and sends funds to your account directly. We never touch the money.
The funder pays us a commission when a deal closes. You pay us nothing: no application fee, no processing fee, nothing, at any point. If your file never funds, nobody owes anybody anything.
That also means our incentive is a deal that closes and works. A merchant who defaults in month two costs everyone, including us.