COMMON QUESTIONS
Frequently Asked
Questions
General
Why do companies use Fundabl?
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Fundabl is the funding solution with no dilution to enable businesses to extend cash runway, manage cash bottlenecks and grow.
Companies use Fundabl because our response time is extremely quick and the funds can be in your account in as little as 24 hours.
Fundabl also provides business owners with certainty and causes minimal management distraction (see benefits in ‘Why Fundabl’ page).
Companies use Fundabl because our response time is extremely quick and the funds can be in your account in as little as 24 hours.
Fundabl also provides business owners with certainty and causes minimal management distraction (see benefits in ‘Why Fundabl’ page).
Is Fundabl right for my Company?
- Have an Australian entity
- Trading for 12+ months
- >15k of monthly predictable revenues
- High growth aspirations
If you fit the above criteria, we would love to support your business journey!
Fundabl supports companies at all various stages, sizes and sectors. Onboard with Fundabl today to see how we can partner in your success!
Fundabl supports companies at all various stages, sizes and sectors. Onboard with Fundabl today to see how we can partner in your success!
How long does it take to provide the onboarding info?
As little as 3 minutes.
How long does it take to then get funded?
As little as 24 hours.
Technical
How does Fundabl work?
- Provide Fundabl with onboarding info.
- Fundabl assesses your financial health and once approved, assigns a Trading Limit that can be drawn down when needed.
- Select the quantum and timing of the funding advance which will be immediately sent via EFT.
- Fundabl will direct debit you for your repayment each month.
Financial
How much does it cost to access Fundabl funding?
$0. No fees or obligation to onboard. The only cost is a fixed discount that ranges based on your credit metrics.
What is the term and repayment structure of a Fundabl advance?
The term is up to 12 months. Each draw down creates a separate repayment term with equal monthly repayments.
How is the Trading Limit determined?
The Trading Limit is determined based on our underwriting assessment of your business. This facility can then grow as your capital needs grow. You can draw down in full or sequentially up to the Trading Limit.
What Security does Fundabl take?
Fundabl generally does not take security over the business, intellectual property or require personal or director guarantee. Fundabl takes security over the individual revenue contracts via PPSR.
Am I required to provide a personal or director guarantee?
No.
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