fundthrough.com Reviews 9

FundThrough and its incredible service team have been essential partners in our growth and continued success. Because of FundThrough, we have been able to double and then triple our sales in the last 8 years. FundThrough’s factoring services provide the cash flow to take on bigger, more lucrative projects and win bids against much larger contractors. Their AI-driven platform makes funding easy, but it’s really their service team, like our account manager, Vince, that makes a huge difference. Without a doubt, FundThrough is a true business partner in driving our growth. FundThrough has given us 3 essential keys to success: improved cash flow, the ability to capture every sale and bid opportunity, and one-stop funding peace-of-mind. After almost a decade of partnership, we highly recommend FundThrough.

FundThrough makes getting invoices funded extremely easy and convenience. Their fee terms are flexible and can be customized per customer you are having funded. Our account manager, Allie, is the absolute best. She is always a quick call or text away when I need her. Invoices are funded promptly and we love the auto fund option where we do not have to manually request funding per invoice. Would recommend to anyone wanting invoice funding!

I would have liked to recommend this company since everything started well. However, by their own admission, recent changes to their automated bank surveillance system misidentified our revolving lines of credit—which we were using and paying down quickly—as 'merchant cash advances.' Despite these being fundamentally different financial products, the system triggered a termination of our account without explanation. Beware of their extreme oversight and the fact that they make decisions without any communication. Ultimately, if your volume drops, they will find a way to cut you off without notice. We're grateful to our attorney for her guidance in understanding this process. An MCA by definition is a static purchase of receivables and cannot "revolve". Our interest-bearing LOCs allow for strategic payments (e.g., paying balances to $0.00 to avoid interest), which a static MCA does not. Their AI tool confused our voluntary frequent payments for behavior that is typically seen with an MCA and they did not question it or talk to us about it. They assumed breach and acted on it without any discussion which caused us significant hardship and distress. Thankfully they walked it back and now we have a plan for future months. Their response is all the answer needed.

After submitting several receivables totaling the low seven figures, my account was effectively ghosted on the exact day the payment was collected. The funds were collected, but I was later told I never had an account—despite having screenshots from their own dashboard confirming the account and activity.

If you experience failed remittance, unexplained denials, or sudden loss of access after submissions, consult an attorney immediately. There is a real risk that funds were collected and not passed through. Proceed with caution.

Update to their reply...... yup, they sure did complete a full agreement and finalized on board. If there was a way to post the screenshots of my FundThrough dashboard I would. I'll see these embezzlers in court.

I have a real issue with this company I was referred to them by good business persons been in business for 20 years not that my status was not approved but they knew that they was going to say no when it keep asking you to send it documentation with your personal information on it and then the more you upload documents they still have you to send the same document the same account that they did not come was funded by a personal account in US the very next day I will never use them again and I will not suggest anybody using a company when they know they're going to deny you but just keep asking me for your personal information

Where should I begin? My experience with Fundthrough was similar to that of an animal being told that they are going on a car ride, but the car ride never comes. Fundthrough is great at getting your hopes up that you have found a solution and that they will accept your clients for factoring, but then out of nowhere, with no explanations (even when you ask), they will decide otherwise and then be rude and short with you the remaining time.

To give a little background on my actual experience.....I am a small business owner that intakes around $1M-$2M annually. I have been in business for over 8 years now and I am purely a B2B organization. I am a web designer, developer, and SEO specialist. With that said, I complete work for a variety of different clients and then invoice them out in terms from net 30-net 120 depending on the size and cost of the work, etc. I have worked and continue to work with super small organizations, ones that are just beginning, as well as ones that are larger, more established and overall have many years of successful business under their belt. I also want to note that I work with businesses of all types including beauty salons, car repair shops, butcher shops. lawyers....you name it, I work with or have worked with. Now with all that said, I understand that factoring involves evaluating the client's credit to see their ability to pay and so on. In fact, I understand factoring quite well.

To continue on this long story, I applied, went through the processes of signing up on their portal. I verified my information and spoke with a representative who highlighted a few things I needed to take care of first, such as old UCC blanket liens from previous lending experiences that were satisfied, but not terminated properly through the SOS. I understood this and spent the next few weeks afterwards clearing all those up. I gathered all the proper documentation, zero balance letters, got the proper UCC terminations and all that. I then communicated back to FundThrough that this was now completed, I piled them with my verified documents and then I was on my way to finally getting going with this. I was then approved for factoring through Velocity and had my portal set up, Quickbooks linked and all. I was able to see the eligible invoices and so I clicked on the ones I wanted to factor and I thought everything went smooth.

A day goes by and I log on and I see that the invoices submitted were getting verified. All good. I check in a few days after that and it says accepted and my funds were 'on the way.' I wait....wait......wait....more waiting.....After an entire full week of checking on the status daily and being assured that it was because these were my first factoring experiences with them, I decided to call and see what was going on. I call them up and am told they can not help me or serve my funding requests. I ask them why? What happened? I was told that my clients were not reliable and had no credit and therefore couldn't be trusted to pay the invoice. I proceed to tell them that there has to be a mistake and that I even evaluated my clients beforehand and they indeed do exist, both on paper and in person. I was then told these were not eligible because they don't work with those said businesses (which were a car repair shop that has been in business for 15 years, a butcher shop that does $40M a year who has been in business since 1955).

Once this was said, I proceeded to ask them what type of invoices they factor then, because when I signed up and was accepted, it was laid out to me that these clients were acceptable for factoring. I was given no answer. The representative just kept stating that they couldn't help me. From there, I began to ask if it was something wrong with my business or the clients I work with. I was told that they couldn't tell me that information and that they just can't work with me. What does that even mean? If something was not done properly or if something is flagging my business or my clients, shouldn't I at least be informed of something? Any reason what so ever?

A day or so goes by while I intake this information and was left confused. I decided to then start the online chat option with a representative. I informed them of what I experienced the days before and I was just confused as to why one minute I was accepted for this and then out of nowhere it was denied and not only that, I wasn't even contacted by them about it and that I had to reach out to them to even find all this out. Once this representative got wind of the situation, they immediately got rude and stated that I had UCC filings that were filed from before and that I was denied because of that. I informed them that this was taken care of already by another rep and I passed on that information to them. They then ended the chat with no explanation.

All in all these guys have left me with no answers.

Bluevine was bought out by fundthrough. Terrible experience. My customers would make a payment and fundthrough never passes them on to me. They hold them until I badger them and badger them. I send remittance advice and they still can't get it right. Account manager never responds until you send an ugly email. I've requested to close my account with them which has been completed but they still owe me 3 payments (2 weeks) of funds. Basically, my customer paid the joint account we have with them and I dont have any factored invoices nor do I owe fundthrough any funds.

I’m seeing one bad review here and I can’t understand why that is.... and let me tell you why.

If you are billing serious money:

Don’t look for a government loan.
Don’t seek out investors to give up equity.
Just call Fundthrough !

You are literally one phone call away to get your money the next day !

Although I can tell, they are all very professional, my man was Charles Borowsky!

With the COVID-19, my recruiting firm hired over 160 nurses, caregivers, nurse assistants in less than 10 days for one single client.

I was looking for a reputable factoring company in the US, but since all our legal documents were in French, it would take them more time to translate everything.

So they recommended one guy, not a company, but someone they trust who can handle my request, and the name was Charles Borowsky from Fundthrough!

That guys is a beast, he will find all kind of solution to make sure you get what you billed in your bank account within the next 24 hours!

For the skeptics, I strongly recommend Fundthrough to be seen as a solid business partner that can speed up the operations for your business, they really help you grow your company without having the hassle to “harass” your client to pay the bill!

Thanks again Charles Borowsky, even at your dentist appointment you never let me down!

🔥🔥🔥🔥🙏🙏🙏🙏🤝🤝🤝🤝

FundThrough cut off all their customers lines of credit overnight without say a word to anyone as they panicked with COVID-19. There wasn't a process in place, they just decided to cut everyone off. Actually, FundThrough is a great name for the company because for all intents and purposes, they're through... or at least they will be soon enough.

In our particular case, they approved a draw against the credit line and when it didn't arrive after four days, found out that they were "mid-decision" on cutting everyone off and mine just happened to come through in the midst of that and... they were "sorry" but refused to honor the transaction in spite of having written confirmation.

FundThrough violated their own terms (aka breach of contract) and I have promised them that I will go through whatever necessary hoops I can to put them out of business. Basically, they'll probably go under anyhow because unlike other companies that kept things rolling without a hiccup, one can only assume they were already on shaky financial ground.

A great relationship went straight to the lowest possible depths over this action. I gave them several options to make this good including solutions that would still not require them to honor their obligation on that transaction, but they dug their heels in and called my bluff.

This is just one of many complaints you'll find from us about FundThrough. OUT OF BUSINESS is the best status to put FundThrough at. They now know the only way to stop me is to buy me for a handsome amount of money. BUT, now I'll be making demands that will benefit the entire customer base. I can do that... I'm the CUSTOMER and all it takes to go out of business is to lose one customer at a time... much easier when you basically delete all of them in one swoop. Well, FundThrough, you know what to do.

We highly recommend FundBox (not to be confused with FundThrough). They didn't throw their customers into the ocean when COVID-19 struck. They knew this was the time we (the customer base) needed them the most, and they have not let us down.