FAQS
1 Q. Who is FundingRequest.com for?
A. FundingRequest.com is a business-to-business (B2B) platform designed to connect entrepreneurs who are seeking capital with lenders looking to invest.
2 Q. How does the platform work?
A. Our platform serves as a marketplace where entrepreneurs can post their funding needs. We use Al to generate tailored business plans and an Al infused matching algorithm to connect entrepreneurs with investors whose lending profiles align with their specific requirements.
3 Q. Is FundingRequest.com a crowdfunding site?
A. No, FundingRequest.com is not a crowdfunding site.We match up entrepreneurs in search of capital with lenders looking to deploy capital.
4 Q. How is FundingRequest.com different from traditional fundraising platforms like AngelList and Kickstarter?
A. Unlike many traditional platforms that primarily focus on startups, FundingRequest.com supports a wider range of funding needs, including:
- Startup capital
- Acquisition capital
- Working capital
- Refinancing high-cost merchant cash advances at significantly lower rates, a unique offering found exclusively through FundingRequest.com
5 Q. Who can submit a funding request?
A. Any entrepreneur looking for startup capital, acquisition capital, working capital, or a merchant cash advance refinance.
6 Q. How do I create a funding request?
A. It's simple! Just log into FundingRequest.com as an entrepreneur and follow the prompts.
7 Q. What information do I need to provide for a funding request?
A. You'll need to provide basic information about your business, such as:
- Your name, phone number, and email address.
- The amount of money you are seeking.
- The purpose of the funding.
- The percentage of equity, interest rate, or money factor rate you are willing to offer investors.
- The state, county where your business is located.
- How long have you been at your current location?
- Your daily gross sales in dollars.
- If you are willing to offer a royalty.
8 Q. How much does it cost to post a funding request?
A. To be a member and post on FundingRequest.com, there is a subscription rate of $29.95, charged monthly, billed in advance.
9 Q. Can I edit or update my funding request after posting it?
A. Yes, we encourage you to update and edit your live funding request often based on the interest you're receiving and how quickly you need the money.
10 Q. How can I increase my chances of matching with an investor?
A. You can increase your lending chances by enhancing the variables in your funding request and clearly demonstrate the opportunity to the investors.
11 Q. How long does it take to get matched?
A. The matching time largely depends on how enticing the offer is from the entrepreneur in their funding request.
12 Q. Can I get funding if my business is just an idea or in the early stages?
A. Yes, our platform hosts a variety of venture capital and angel investors who specialize in early-stage businesses and even ideas.
13 Q. How do I find a business to invest in?
A. Our Al-infused matching algorithm will assist you by matching your individual lending profile with appropriate entrepreneur capital requirements.
14 Q. What types of businesses are listed in the marketplace?
A. You'll find entrepreneur-owned and operated businesses across the country. The lending categories include startup capital, acquisition capital, working capital, and refinancing merchant cash advances at lower rates.
15 Q. Do I need to sign up to view opportunities?
A. No, you can view our entire marketplace without paying for a subscription.
16 Q. What does it cost to access the platform as an investor?
A. The subscription rate for members is $29.95, billed monthly in advance. Additionally, there is a pay-per-click fee to be introduced to an entrepreneur when you initiate an introduction.
17 Q. Can I set filters for industries, location, or funding amount?
A. Yes, the platform includes filters for location, industry, and funding amount.
18 Q. What happens after a match is made?
A. After a match, both the entrepreneur and the investor are introduced via the email address you provided. Their name, email, and phone number are exchanged. At this point, our role is complete, and the entrepreneur and investor decide whether to proceed with the transaction through their own due diligence. If there are multiple interested investors, the entrepreneur can then choose which investor deal is right for them.
19 Q. Is communication between the entrepreneur and the investor private?
A. Yes, all communication between the entrepreneur and the investor is private and solely between them.
20 Q. Do you guarantee funding?
A. No, we are not a funder.
21 Q. Is the platform regulated by any financial authority?
A. No, we are a marketplace platform that facilitates connections between entrepreneurs and lenders; we are not regulated by a financial authority
22 Q. What legal responsibilities do entrepreneurs have?
A. Entrepreneurs are legally responsible for being accurate and truthful about the representations included in their funding request posted in the marketplace.
23 Q. What if I have a legal or accounting question about the deal?
A. Always consult your lawyer, accountant and financial advisor during the due diligence process.
24 Q. Is it free to join the platform?
A. No, there is a subscription membership fee of $29.95, billed monthly in advance for both entrepreneur and investor members.
25 Q. Does FundingRequest earn a commission or fee or get paid a percentage of the transaction?
A. No, we do not take any commission or fee on any transaction. We operate as a lead generator for both entrepreneurs and investors. We get paid per click by whoever initiates the introduction. Leads for entrepreneurs and investors cost between $25 to $100, depending on the quantity purchased, with lower costs for higher quantities.
26 Q. How do you protect user data?
A. All user data is kept confidential until an investor or entrepreneur redeems a lead credit.
