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  • Fund and Grow Review/Case Study

    Below is a full in-depth review/case study of Fund & Grow. As the owner of Wall Street Forum, I have gone through the Fund & Grow process multiple times. Any business can benefit from their service. Real estate investors, restaurant owners, knick-knack sellers, and more. If you own any kind of business you can use Fund & Grow.



    Click Here to see if you pre-qualify for their service.

    Or

    Click Here if you know your credit standings and rather get started right away.



    Round 1


    I first heard of Fund and Grow from seeing their ads all over my facebook feed every single day. The guys are very good at social media marketing! I initially thought this was some kind of business loan they give you and you repay over a predetermined number of months but that was not the case.

    Fund and Grow is a company that gets its clients 0% APR unsecured credit for anywhere from 6 to 18 months. They achieve this by actually setting you up with several credit cards that offer 0% introductory APR rates for varying periods(6,9,12,15, and even 18 months).

    I never really thought about using the service my self but after seeing it over and over again on my feed I decided to look more into it. That's when I got the full rundown of what they do. I read reviews on different platforms and they were 99% positive. I wouldn't think these guys would go to that great of lengths to fake their feedback and it also wouldn't make the actual negatives views non-existent. (I couldn't find any purely negative reviews of the company.)

    I thought it would be cool to give the program a shot and do a case study for Wall Street Forum.

    Fund and Grow is mostly used by real estate investors to get capital for their deals but it can be used for any business.

    Now that we've gotten that brief introduction out of the way let me start detailing my experience with them.


    Fund and Grow offers two packages:

    Package 1: Flat fee of $3500 for a 12-month membership. They will raise capital for you with credit cards and all you pay for the entire years service is $3500

    Package 2: This package is only available for people with a credit score above 730. The deal is that they will charge you 9% of the money they raise for you. If they raise the full $250,000 for you the company will basically receive a $22,500 commission. I chose this package for a number of reasons but the main reason is that they will try to get you more money if you choose this package because they would get 9% of whatever they raise. If you pick the first package they know they are only making $3500 from you and they might not work as hard to get you butt loads of capital. Just my opinion.


    I signed up on a Saturday night and called in on the following Tuesday morning to set up an initial consultation. This consultation was scheduled for one week later. When the day came a friendly receptionist called first and told me I was next in line for my consultation. During this phone conversation, we went over everything I put in my application and made sure everything was good to go. She checked all of my uploaded documents like my LLC formation letter, EIN form, proof of residence, etc. Once that was all squared away she let me know that they should have no problem securing $30-$40K in my first round of funding. I had read reviews that this company underpromises and overdelivers so I was happy to hear that. She then told me that she would be forwarding the account over to a senior account specialist. My account was given to John Madison who is a great guy over at F&G.

    About a week later my credit card applications went out. Within 30 minutes I was approved for $14,000 on just two credit cards.

    Over the next couple of weeks we worked on supplying further verification information to the banks we applied to and more cards started rolling in. Within the first 15-20 days, I was approved for a total of $22,400 and that was just the prenegotiations amount. Fund and Grow's biggest benefit to customers is their ability to raise your credit card limits almost as soon as you get the cards. After receiving your cards they then start working on increasing your limits.

    Your account specialist is in constant contact with you the entire time and is always available to answer questions either via email or phone call.




    PROS

    These cards a great way to get business funding if you are a responsible credit card user.

    The credit is unsecured meaning you have to put up no collateral to get the money.





    CONS

    Pulling actual cash from the cards can be tricky but they have a method in place to get that done for you. Please do not do cash advances on these cards as the interest rates on cash advances are astronomical and none of the cards they get you cover cash advance APR in the introductory phase.

    The best use of these cards would be to actually use the cards to make purchases for your business. Example: A restaurant using the cards to buy wholesale food or a construction company using the cards at Home Depot to buy supplies.



    1st Round Total: $36,400









    Round 2

    As stated in round 1 I started working with Fund & Grow in September 2018. In order to prepare for round 2 there was some prep work involved. Obviously applying for and using several lines of credit in such a short time would negatively affect your credit score. My credit score dropped to slightly under 600 from working with Fund & Grow and using the actual credit. I prefer using the good credit option with fund and grow so I asked my account manager how I would get my credit score back to normal before round 2. My account manager told me not to worry about it and how to get my score back to normal levels before I started round 2. I was told to wait until March(6 months) to start round 2. I paid down all of the cards to under 30% towards the end of January so they would be reflecting on my credit score by March. I was skeptical that this would improve my score over 100 points but to my surprise it did. Anybody who talks about improving your credit score by 50 points in one year is misinformed. If you have cash available to pay off your cards your score could skyrocket in 2 months.





    I am currently(Jan 2019) waiting patiently to start round 2 and I will update this post when I have successfully completed my 2nd round with Fund & Grow.



    On Feb 15, 2019, I began the process of getting another round of funding. Once again I signed up for the performance-based package. This was done on a Friday and I called a few days later during normal business hours to schedule my consultation before they can actually start a round of funding.

    They have started an automated concierge service so now you schedule your consultation via an online system. No human interaction required.

    I scheduled my consultation for Feb 25, 2019 @10am. I received a confirmation email that day and a reminder email the day before the actual consultation. I received a call at 9:58 eastern time from Anthony Ford. Anthony is a great guy. Super patient and willing to answer any and all questions you may have. Since I had already done a previous round of funding they were able to use the same documents that I provided the first time. The cal only lasted about 10 minutes and we scheduled the actual applications day for March 8, 2019. I requested that they didn't try for an American Express card this time because the cash pulling method doesn't work with American Express. I needed to be able to pull cash off the cards. If you are using your cards for actual purchases then you can just go ahead and get them to apply for the American Express cards.

    My applications date for the second round was pushed back to Mar 11th. When the 11th came around John Madison contacted me and let me know he was about to apply for the new cards. I asked when he would try to get increases on the round 1 cards and when I could start pulling money off the cards again. He said they try to get increases on the original cards at the same time their getting increases on the new cards and to wait at least two weeks.

    For my second round, they applied for ALL business cards from Bank Of America, Chase, Flagstar, and another Capital One card. The Cap One card was immediately approved for $10,000!!

    The very next day I received an email from Bank Of America stating I had been approved for a business credit card with an initial limit of $7,000.

    Round 2 moved more swiftly than round 1. After the first week, I was already approved for all 4 business cards at these amounts:

    Bank of America - $7000
    Chase - $30,000
    Flagstar - $20,000
    Capital One $10,000
    _____________________
    Total: $67,000





    2nd Round Total: $67,000













    Tips:
    As soon as you start receiving your cards you will want to create an excel spreadsheet to keep track of your cards and the info associated with each. Here is a list of the information I put on my spreadsheet:


    Issuer of card(Bank of America, Chase, PNC, etc)
    Limit
    When the interest-free period ends
    Current Balance
    How much the interest amount is after the intro APR expires
    Username and Password for each card when logging in to the issuer's website







    As you move forward with Fund & Grow and complete more and more rounds you will start to accumulate a lot of credit cards which starts to get increasingly more difficult to handle. To deal with this I bought a leather credit card holder on Amazon. This this was an absolute lifesaver because it holds up to 60 cards.


    Credit Card Organizer(60-slots)








    That is our review of Fund & Grow so far...



    Click Here to see if you pre-qualify for their service.

    Or

    Click Here if you already know your credit standings and rather get started right away.









    ***The links above are affiliate links, which means that if you choose to work with Fund & Grow, we will earn a commission. This small commission does not add to your overall payment to Fund & Grow. We have used the service so you can rest assured we are not just promoting it to receive a commission. Fund and Grow is a quality service that can help you achieve your business goals.

















    BONUS:


    One of the often overlooked advantages of using Fund and Grow and credit cards, in general, is the reward points!!!

    I wasn't overly concerned with the reward points during the process of acquiring credit but it was a nice surprise. I initially noticed that my Capital One card had accumulated a lot of points so I looked into redeeming them. You have several options with credit card reward points:
    • Travel rewards i.e. flights, hotels, rental cars, etc.
    • Gift cards (my favorite)
    • Cash (the worst option)


    I saw that the cash amount if redeemed was under $100 and the gift card amount was over $300. No brainer. Cashback is always a terrible option because the cashback amount is a joke. ALL card issuers lowball you on the cashback. It's most likely in an effort to encourage you to redeem your points on other items like gift cards for whatever reason.

    If a credit card issuer has Walmart gift cards as an option I will almost always go with those because they can be used on ANYTHING in the store and online. Walmart gift cards can be used for everything from groceries to tires. I use mine for groceries. FREE food is always a win.

    Most card issuers usually set their points like this: 60K points = $600 in gift cards or around $100 in cash. Once again, a no brainer.

    Its very rare but some card issuers like Chase don't have Walmart gift cards as an option so I usually pick random restaurant gift cards that I like. See image below:

    The one Walmart gift card you see came from my Bank Of America rewards.

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    Terms Of Service

    Disclaimer: This website provides information about the stock market and other investments. This website does not provide investment advice and should not be used as a replacement for investment advice from a qualified professional. This website is for informational purposes only. The Author of this website is not a registered investment advisor and does not offer investment advice. You, the reader, bear responsibility for your own investment decisions and should seek the advice of a qualified securities professional before making any investment.

    Promoted content: You should assume that this website has an affiliate relationship and/or another material connection to the persons or businesses mentioned in or linked to from this website and may receive commissions from purchases you make on subsequent websites. Always exercise due diligence before purchasing any product or service. This website contains advertisements.

  • #2
    This looks interesting. I may give them a shot in the next few weeks

    Comment


    • #3
      Originally posted by Wall Street Forum View Post


      I first heard of Fund and Grow from seeing their ads all over my facebook feed every single day. The guys are very good at social media marketing! I initially thought this was some kind of business loan they give you and you repay over a predetermined number of months but that was not the case.


      Did you use the funds for real estate or something else?

      Comment


      • #4
        Originally posted by BlackBox View Post


        Did you use the funds for real estate or something else?
        I tried to max out all the cards with gold buying to emulate how most of their customers use the funds. Some of the cards have decent rewards so I redeemed those for giftcards and such. The cash that I received from the gold transactions wasn't spent so I used to pay back the cards after a few months to get ready for round 2.
        Platinum Swing Trade Alerts (FREE 14-Day Trial)

        Best Stock Picking Services


        Sign up for the forum to reply to this post!!!


        Best FOREX Signals Software

        Stock Market Investing For Beginners

        Facebook Group
        StockTwits Room


        "Step into the arena and hold on to your hat. Don't get discouraged if you don't make 8 trillion dollars in your first month. Trading is not a get rich quick scheme. Realize that trading is a skill and just like any other skill it takes time to learn. Have convictions in your decisions in life and trading. Ignore the comments and "advice" of those that have never traded a day in their life."


        Terms Of Service

        Disclaimer: This website provides information about the stock market and other investments. This website does not provide investment advice and should not be used as a replacement for investment advice from a qualified professional. This website is for informational purposes only. The Author of this website is not a registered investment advisor and does not offer investment advice. You, the reader, bear responsibility for your own investment decisions and should seek the advice of a qualified securities professional before making any investment.

        Promoted content: You should assume that this website has an affiliate relationship and/or another material connection to the persons or businesses mentioned in or linked to from this website and may receive commissions from purchases you make on subsequent websites. Always exercise due diligence before purchasing any product or service. This website contains advertisements.

        Comment


        • #5
          I'm looking for funds for my consulting business. Do you think they can help with that?

          Comment


          • #6
            Originally posted by Chang View Post
            I'm looking for funds for my consulting business. Do you think they can help with that?
            You should be fine. I don't think they care what your particular business is. They seem to cater to real estate investors though.

            Comment


            • #7
              Originally posted by Shucky View Post

              You should be fine. I don't think they care what your particular business is. They seem to cater to real estate investors though.
              Correct.

              Anybody with a business can benefit from Fund and Grow. I own this website so I could use the funds to pay for advertising and other costs associated with running a website.
              Platinum Swing Trade Alerts (FREE 14-Day Trial)

              Best Stock Picking Services


              Sign up for the forum to reply to this post!!!


              Best FOREX Signals Software

              Stock Market Investing For Beginners

              Facebook Group
              StockTwits Room


              "Step into the arena and hold on to your hat. Don't get discouraged if you don't make 8 trillion dollars in your first month. Trading is not a get rich quick scheme. Realize that trading is a skill and just like any other skill it takes time to learn. Have convictions in your decisions in life and trading. Ignore the comments and "advice" of those that have never traded a day in their life."


              Terms Of Service

              Disclaimer: This website provides information about the stock market and other investments. This website does not provide investment advice and should not be used as a replacement for investment advice from a qualified professional. This website is for informational purposes only. The Author of this website is not a registered investment advisor and does not offer investment advice. You, the reader, bear responsibility for your own investment decisions and should seek the advice of a qualified securities professional before making any investment.

              Promoted content: You should assume that this website has an affiliate relationship and/or another material connection to the persons or businesses mentioned in or linked to from this website and may receive commissions from purchases you make on subsequent websites. Always exercise due diligence before purchasing any product or service. This website contains advertisements.

              Comment


              • #8
                Will you be doing a third round??

                Comment

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