Our Entirely Digital Funding Application Process
With working from home and social distancing now the new norm, Flow Capital would like to share our 100% online application and funding process.
1. Online Application
Within minutes, entrepreneurs are able to submit an online application form directly through our website. The first section asks for general information about annual revenue and requested funding amount that will help us pre-qualify applicants. If pre-qualification is successful, applicants are invited to share as much information as they would like (e.g. balance sheets, income statements, company pitch deck, etc.). Within seconds of clicking the ‘submit’ button, the application is sent to our investment team’s inbox for review.
2. Screening Call
Within one business day, applicants will receive an email from a member of our investment team who will schedule a call with you. During this introductory call, we will learn a little more about your company, your funding needs, and address any questions you may have about Flow and our financing structures.
3. Term Sheet
If we both feel like it would be a good fit after the initial call, Flow will issue you a term sheet. This will outline terms that are tailored to meet the unique current and future needs of your company. Once negotiations and terms have been finalized, the term sheet is signed by both parties.
4. Due Diligence
Only after a term sheet is signed does the formal due diligence process begin. Supporting documents are shared directly via email or Dropbox. To streamline this process, it is best to have all available documents ready.
5. Legal
Once due diligence is complete and the deal has been approved by our investment committee, we will proceed with legal documents for the contract that can be signed via DocuSign or as a scanned physical copy.
6. Funding
Last but not least, our finance team will reach out once all steps are complete in order to e-transfer the funds into your company’s bank account.
