Frequently Asked Questions

Abstract

What is fulfin and what exactly do we do?
Essentially, we offer companies tailor-made financing solutions to finance working capital and accelerate the growth of the company.

Our loans enable our partners to purchase new goods and pay for the associated acquisition costs as well as transport and storage costs. Our evaluation criteria are aimed at online SMEs that use online sales channels (Amazon, Shopify, etc.) and already have a successfully launched product.

What are the minimum requirements?

We have a few minimum requirements that you as a customer must meet in order to work with us.
These are:

  • the company must be based in Germany
  • the company has been in existence for at least 3 months
  • You have sold at least 300 items through your seller account
  • You do not sell perishable goods or goods with a short shelf life (only required for loans with collateral)

If you meet the above requirements, we look forward to working with you.

Her would be great a call to action
Do you have more questions or would you like advice? Then call us under 089 215375920. We are happy to help you!

What does fulfin offer?
Essentially, we offer companies tailor-made financing solutions to finance working capital and accelerate the growth of the company.

Our solutions enable our partners to purchase new goods and pay for the associated acquisition costs as well as transport and storage costs. Our evaluation criteria are aimed at online SMEs that use online sales channels (Amazon, Shopify, etc.) and already have a successfully launched product.

What are the minimum requirements?

We have a few minimum requirements that you as a client must meet in order to work with us.
These are:

  • the company must be based in Germany
  • the company has been in existence for at least 3 months
  • You have a monthly turnover of at least €5,000

If you meet the above requirements, we look forward to working with you.

Do you have more questions or would you like advice? Then call us under 089 215375920. We are happy to help you!

Is Fulfin a middleman?
We are not a middleman!

Unlike financial traders or pure commodity purchase financiers, we are not an intermediary in the commodity supply chain. We do not take over any communication with your suppliers or manufacturers.

After the application and a successful risk assessment, we pay out the loan to your business account. You pay your goods as usual directly to your suppliers or manufacturers.

Apply for a loan

What is fulfin and what exactly do we do?
Essentially, we offer companies tailor-made financing solutions to finance working capital and accelerate the growth of the company.

Our solutions enable our partners to pay for the purchase of new goods and the associated acquisition costs as well as transport and storage costs. Our solutions are aimed at online SMEs that use online distribution channels (Amazon, Shopify, etc.) and already have a successfully launched product.

What are the minimum requirements?

We have a few minimum requirements that you as a customer must meet in order to work with us.
These are:

  • the company must be based in Germany
  • the company has been in existence for at least 3 months
  • You have sold at least 300 items through your seller account
  • You do not sell perishable goods or goods with a short shelf life (only required for loans with collateral)

If you meet the above requirements, we look forward to working with you.

Her would be great a call to action
Do you have more questions or would you like advice? Then call us under 089 215375920. We are happy to help you!

Which documents are required?
Depending on the amount of funding you request, fulfin will need some documents to process your application.

You can download the documents directly on the fulfin - website fulfin.com upload.

In general, we ask you to provide us with the following:

  •  BWA incl. totals and balance list  
  • Identity document of the managing director(s)

It is possible to link the Amazon seller account as well as the bank account on which the online earnings are received on our platform. If this connection does not work, we still need:

  • Bank statements of the last 3 months as CSV file
  • Transaction reports of the last 3 months as CSV file

If we need anything beyond that, we will ask for it directly.

How does the application process work?

We want to keep our application process as transparent and simple as possible.

The complete process:

  • Regestriere yourself on app.fulfin.com and apply for your loan and link your ecommerce/seller account as well as your business bank account easily with our interfaces (takes a few minutes).
  • Upload of missing documents such as BWA incl. totals and balances list etc.
  • We will contact you for a short phone call to clarify any questions or suggestions you may have.
  • Risk Analysis: Risk Management processes your application
  • Financing offer: You will receive a valid financing offer tailored to your needs.
  • Disbursement of the loan within 48 hours after acceptance of the offer

And that's it. You are ready to buy more goods and increase your sales as soon as possible.

How long does the application process take?
We work as fast as our customers. The faster you can provide the required documents, the faster we can make a valid offer. 

Filling out the application takes an average of 4 minutes.

After we have received all the documents in full, we can make a quotation within 24 hours following the risk assessment.

After clarifying the repayment modalities (desired payment pause etc.) we will send the contract.  

Once the contract is signed, the loan amount can be paid out to the business account within 24 hours.

Realistically and in the best case, the whole process from application to payment of the loan takes about four working days.

If you have more questions or would like advice, please call us at 089 215375920. We'll be happy to help!

Products

How are the fees calculated?
Essentially, we offer companies tailor-made financing solutions to finance working capital and accelerate the growth of the company.

Our solutions enable our partners to pay for the purchase of new goods and the associated acquisition costs as well as transport and storage costs. Our solutions are aimed at online SMEs that use online distribution channels (Amazon, Shopify, etc.) and already have a successfully launched product.

Minimum requirement

We have a few minimum requirements that you as a customer must meet in order to work with us.
These are:

  • the company must be based in Germany
  • the company has been in existence for at least 3 months
  • You have sold at least 300 items through your seller account
  • You do not sell perishable goods or goods with a short shelf life (only required for loans with collateral)

If you meet the above requirements, we look forward to working with you.

Her would be great a call to action
Do you have more questions or would you like advice? Then call us under 089 215375920. We are happy to help you!

How are the fees calculated?
We calculate our fees as a percentage of the loan amount and start as low as 0.7% (fixed) per month. The fees depend on the amount of the loan, the number of installments requested, any payment breaks and collateral provided (goods as well as personal guarantee).
What are the advantages of fulfin?
As experts, we know that it is important to optimize the various potentials for revenue growth and cost reduction simultaneously, such as:

  1. reducing the unit costs of purchasing through higher order quantities
  2. reduce transport and storage costs through higher throughput rates
  3. be able to react to seasonal price reductions, as well as discount and rebate opportunities
  4. to be able to carry out promotional advertising measures
  5. to avoid disadvantageous delivery bottlenecks (“out-of-stock events”), which can lead to poor customer ratings or a decline in bestseller rankings
  6. in general, to finance working capital in line with sales, while still having sufficient reserves for contingencies

Only if these aspects are solved, the prerequisite for success is guaranteed. We want to be your first contact in the planning phase.

If you have more questions or would like advice, please call us at 089 215375920. We are happy to help you!

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