Joining existing pools
FBA Finance offers two types of pools for businesses to join: Official FBA Finance Pools and Business-Created Pools. Each offers unique opportunities for funding and networking.
Types of Pools
Official FBA Finance Pools:
Created and managed by FBA Finance
Often have more standardized terms
May offer additional benefits or lower fees
Business-Created Pools:
Initiated by other businesses on the platform
May have more varied terms or industry-specific focus
Great for networking within your industry
How to Join a Pool
Log into your FBA Finance dashboard
Navigate to the "Available Pools" section
Browse pools or use filters to find one that suits your needs
Review pool details:
Contribution amount and frequency
Number of participants
Distribution schedule
Any specific rules or requirements
Click "Request to Join" for your chosen pool
For Business-Created Pools, the pool creator may need to approve your request
Eligibility and Approval
Ensure your business profile is up-to-date
Meet the minimum credit score requirement (varies by pool)
Have sufficient funds in your FBA Finance wallet for the first contribution
For some pools, you may need to meet industry-specific criteria
After Joining
Set up automatic contributions to ensure timely payments
Monitor your pool's progress through your dashboard
Engage with other pool members through our networking features
Remember, joining a pool is a commitment. Make sure you can meet the contribution requirements for the entire pool cycle.
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