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FAQ

Overview


Who is Uprise for?

Uprise is a quick and flexible source of financing for SMEs in located in Asia. SMEs can use Uprise for general business purposes such as expansion, bridging short-term financing shortfall, R&D, business development, and many more.

What is an Growth Capital?

Growth Capital is a merchant cash advance with a flat, fixed fee. There are no periodic interest charges, late fees, penalty fees, or origination fees. It is a sale and purchase transaction where Uprise purchases your future credit card sales or e-payments receivables with upfront cash. This is not a loan!

How do I qualify for an Growth Capital?

To qualify, your company must be based in Hong Kong or Singapore, and operate as a sole-trader, partnership or limited company. We will analyse your historic operating data to make a decision. You must have at least 12 months of operating history in order to be considered.

How is Uprise different from the banks and traditional lenders?

By linking with your online business service accounts, Uprise uses the data from these platforms to analyse the health of your business. By doing that, we can offer instant funding without the complex paperwork associated with a traditional business loan. We analyse actual business metrics to determine your eligibility, so applying for Growth Capital will not require guarantee or security, and will not affect your credit score.

Will my credit score be affected if I apply for or use Growth Capital?

No. While we do carry out some background checks to establish your business performance and financial position, we do not report your position back to any credit reference agency.

Growth Capital


How long does it take to receive an Growth Capital?

We currently aim to review and process within 24 hours with hopes to reducing that to just a few hours in the future.

What is the cost for applying to Growth Capital?

There is only one fixed fee associated with each advance which has no periodic interest. You will know exactly how much you are paying before you accept the offer and that fee will never change throughout the settlement process.

How do I settle the advance?

A fixed percentage (decided when negotiating your terms) of your future business revenue will be applied towards repaying the advance until it is repaid in full. There is no fixed due date as we understand there may be fluctuations in your business volume.

What fees and retrieval percentages are suitable for my business?

Different retrieval percentages can affect the size of the advance and result in a change in your fee. We will work closely with you to explore all the available options for your working capital needs.

Can I make any additional settlements towards my Growth Capital?

Yes. You can make additional settlements towards your outstanding balance at any time without additional charge. At the same time, automatic repayments will continue, until your balance is repaid in full.

What happens if a sale is returned?

The split payment from each of your sale is processed immediately. If a sale is returned, Uprise will not refund the split payment amount from the sale you generated.

Uprise SME Business Loan


Does it require assets for collateral?

We do not need the borrower to provide any kind of collateral, the approval descision is completely base on the company's performance.

How long does it take to get approved and funded?

The financing process will take as quick as 24 hours.

How do I qualify?

It is eligible to all SME company incorporated in Hong Kong or Singapore.

Can we early settle?

You can repay the remaiming balance at anytime, there will be no extra fees.

Privacy and Security


Is my information secure?

All information you share with Uprise is secured. Your data is hosted on the best-in-class servers and our online platform has SSL encryption to help secure the data. When you link your accounts our automated systems only look at your sales history and other business data. We never see your passwords and treat all your data with the utmost care.

Will my information be sold to third parties?

Definitely Not! Your data will only be securely used to enhance your experience at Uprise and offer us insights on how to customise the most suitable financial product for you as a modern day entrepreneur.