Knowledgebase

General 11

• What does Velocity offer to entrepreneurs?
• How does Velocity support entrepreneurs?
• Does Velocity provide funding for D2C brands?
• What is revenue based financing? Can you explain with an example?
• What is the difference between Velocity's offering and other financing options?

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Apply For Loan 2

• Which type of companies can apply for Velocity's Services?
• How long will the entire process take?

Payments/Drawdowns 6

• How will Velocity disburse the capital?
• Can I request a drawdown for non GST vendors?
• How much time will a drawdown request take?
• Can I raise multiple drawdowns?
• Is there any limit for a drawdown?

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Repayments 13

• What is the TAT for NACH? Can I schedule NACH?
• Why is NACH deducted if escrow collections are active?
• Can I pre close my loan? Any preclosure charges?
• Why is my revenue share increased?
• What are the payment modes used for collection?

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Integrations 6

• Is my data safe with Velocity?
• How do I connect Shopify?
• How do I connect Woocommerce?
• How do I connect my marketing channels?
• How do I connect Amazon?

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NACH FAQs 9

• When will the monthly/weekly NACH be done?
• What is the reconciliation date for monthly NACH?
• How do you define shortfall in collections and for what period exactly?
• What is the process for a refund due to any excess NACH collection in case of a technical glitch?
• What is the reason for having a secondary NACH account?

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