What is the Veem's Working Capital?
Veem Working Capital was created for customers who need short term funding quickly and easily to help their business grow. Qualified Veem customers can access up to $50,000 to pay invoices now or use as they see fit to support their business.
Who is the Veem's working capital available for?
Customers in the USA with business Veem accounts who meet basic funding criteria.
How much can I request?
You can request up to $50,000 USD.
Do I need to have a Veem account?
Yes, this offer is only available to Veem's USA customers with an active account, and who have been in business for at least a year. Other terms and conditions may apply.
How much Veem's working capital cost?
There is a 2% on the total amount, per month fee
How does the repayment work?
Repayment is auto-paid from your bank account in three monthly installments, with 2% per month fee.
How can I pay the full amount faster?
You can pay off the balance faster with no penalty. The monthly fee is prorated.
What if I can’t make the payment on the scheduled date?
You can request to defer a payment, however, there is a 0.5% fee for every week the repayment is not made.
Does this affect my credit score? What information do you need?
We do not look at the business owner(s) personal credit, we only consider the commercial credit. We do not require personal guarantees. You must connect Plaid to your Veem account.
How long does this process take?
You can get access to funds as quickly as one business days. Application review and fund disbursement times vary due to various factors and may take longer.