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FAQ

We understand that every business is unique, and so we approach every business differently. You’ve got a business to run, we make it easy for you to finish our process without hassle or interruption.

Let’s get your questions answered! 

Yes, we love seeing entrepreneurs grow from start-ups to sustainable businesses and we love nothing more than to be a part of that business’ growth! With that being said, we require that our applicants have been operating and are in business for a minimum of 6 months before they can apply.

Any business with a minimum turnover of £20 000 per month which has been in business for 6 months or more.

‘When life gives you lemons!’… Business funding can be used for any business-related activities, from increasing working capital to boosting cash flow in slower months. No one understands your business better than YOU do, so we’re not going to tell you what to do with your funding, but what we can tell you is that we love seeing people grow from start-ups to sustainable businesses and we love being a part of that business’ growth!

Funding from £5000 to £300 000. Minimum turnover from £15 000.

NO! We do not charge any up-front pre-approval fees to our clients. You want the funding, and we want to give it to you!
We offer short-term funding solutions for your business. The funding term can range anywhere from 6 weeks to 12 months, depending on the client’s needs and the outcome of their application.

No, no need to stress about it. We understand that not all businesses and people have perfect credit scores. Although we do look at credit scores, we rely more on our internal assessments to determine affordability.

 

Click here. Alternatively, should you wish to speak to a member of the GroFast team, give us a call on +44 20 8144 7179, and one of our funding specialists will guide you through the process.

When we say, fast, no-nonsense, we mean it. We pride ourselves on a fast and easy application process. Your online application can be completed within 4 minutes (you can start by clicking here). Once we have received a completed application, funding can be provided before you have even finished your 5th cup of tea.

Back for more? GREAT! At GroFast we enjoy building long-standing relationships with our clients, and be a part of their journey to success. We understand that you may require funding today to boost your business in peak seasons, but you may need funding tomorrow when business is slow. Therefore, once you are 80% paid-up, we offer an easy re-application process.
We provide you with cash upfront for your business, with flexible repayments and terms. Simply put, we design funding that sets you up for success and assists your business.
GroFast will provide your business with a lump sum of up-front funding. In exchange for this lump sum, we purchase a percentage of your future business’ receivables for the contract term, until the agreed sum is paid-up. This allows us to structure very flexible repayment terms for our clients.
We offer flexible repayment structures and methods designed around your individual needs. Repayments are either daily, weekly or monthly. The methods of repayment include: Electronic Funds Transfer (EFT), Split Processing through your credit card terminal (POS) and debit orders.
We understand that no two businesses were created equally and that every business has unique financial requirements. We fuse our advanced underwriting models with our understanding of human nature to customise our funding solutions to our clients’ specific requirements. We speed up the funding, and you speed up the growth.

Should your business find itself in a position where it no longer needs business funding you may wish to settle-up early! We allow you to settle-up the agreed amount at any point during your contract. No early-settlement penalties apply, and your business may even be entitled to an early-settlement discount! Your business may choose to settle up, and re-advance their contract, as it needs additional cash-flow. Your business may receive a discount on early-settlement should they choose to re-advance with GroFast.

 

Still have questions?

Leave us your details and one of our funding specialists will be in touch.