Stage Funding

How to request stage funding.

When can I request Stage Funding? 

You may request Stage Funding once the loan is in  Clear to Order  status. 

    • Stage Funding availability depends on various factors, and the button will be disabled if it is not available for that loan.  
    • There is a maximum Stage Funding limit per dealer. This amount is set by the program and may be adjusted based on performance. 
request stage funding

How much funding will be ? 

  • You will receive 50% of the total finance amount minus any applicable dealer fees. 
  • After requesting stage funding, funds will be disbursed to your bank account when it has been at least 10 days since loan document are signed. 

 

Customer Communication:

When does the customer begin making payments? 

Customer payments begin 30 days after the first stage funding disbursement. 

What notifications will customers receive?

At Stage Funding

  • The customer will receive texts asking them to validate that they have authorized the loan.
  • customer will receive an additional text notifying them of their loan servicing account with payment details that include information to make or set up payments. 

At Final Funding

  • The customer will receive texts and calls at final funding to confirm the work was completed.