How does the Borrow & Grow Plan application process work?

How does the Borrow & Grow Plan application process work?

The application process is a snap! We broke it down to 4 easy steps:

  1. Get your loan offers on our website. We ask for some personal information to get a sense of who you are and your financial situation. Checking your loan offers will not impact your credit score. If you are approved for a loan and decide to take an offer, we issue a hard credit pull, which may impact your credit score.
  2. Understand and choose your loan offer. Choose the offer that fits you best. If you are approved for a Borrow & Grow Plan, you will choose from options of how much money will be available to you upfront and how much money SeedFi will deposit into your locked SeedFi Savings Account.
  3. Verify your information. During our loan review process, we may request some documents in order to verify information such as your income and identity.
  4. Get your money! After you have accepted a loan offer, we ask that you call us and speak with a team member so we can welcome you to SeedFi and send you your money. The portion of the loan that you will be able to use upfront is sent to your account and typically arrives within a couple of business days. The portion of the loan that will be deposited into your SeedFi Savings Account will be transferred instantly, but it is not available to be used until you pay off your loan in full.