Who qualifies
Four things, and none of them is a credit score.
- Business
- A US business or self-employed owner
- Trading
- About 3 months in business
- Revenue
- About $1,500 a month
- Account
- A business bank account
18 or older and authorized to act for the business. Not offered in California and New York.
Long enough for a funder to see a pattern in what comes in.
Card sales, invoices paid, deposits. An advance is sized against these receipts, not against a salary.
It is where a funder would send the advance and collect its share of receipts.
Commercial use only, never personal.
What we never ask for
- A fee to use Velomora, ever: before, during or after
- A payment up front to release an advance
- A perfect credit score before you are allowed to ask
Anyone who contacts you asking for an up-front payment to release an advance is not us, and is not a funder we work with. Report it and stop.
One request
$100-$5,000for the business, and no fee to ask.
It takes a few minutes, it costs nothing, and it does not affect your credit score. What happens after that is a funder’s decision, and then yours.
See my optionsNot a funder · commercial use only
