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Amplio Ventures is partnered and fully integrated with Amplio Recruiting, a full service staffing firm that specializes in placing skilled refugees into jobs. Companies engaged with Amplio Ventures will have access to Amplio Recruiting Services
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What countries do refugees come from?
Refugees are individuals who have been forced from their home due to violence, disease or religious persecution in their home country. Most recently, the majority of refugees resettling in the US have come from the Democratic Republic of Congo as well as other East and West African nations. Some Southeast Asian nations such as Burma (Myanmar) have produced many refugees also due to political violence and civil reference. Finally, Syria, Iraq and other nations in the Middle East have hemorrhaged with refugees over the past decade.
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Are refugees legal to work in the US?
They receive legal status the day they arrive because they’ve already been vetted by homeland security. We also run background checks and E-verify to ensure we are employing only those legal to work in the US.
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Is there a language barrier for refugees resettling in the US?
Yes, but many refugees have been studying English for a long time or have lived in the US long enough to pick up the language. We will only place those with your company that have a level of English that is proficient enough to do their job.
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Is transportation an issue for refugees resettling in the US?
It can be a challenge at times, but most of the refugees in our pipeline have a driver’s license and reliable transportation. We’ve become experts at navigating around transportation issues to match you with the right client.
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Are refugees legal immigrants?
All refugees are considered legal U.S. residents upon arrival. Each individual or family goes through a stringent screening process that includes numerous interviews with the United Nations. We perform background checks and use E-verify to confirm the legitimacy of each employee. Many refugees from the Middle East fought alongside American troops in combat or aided American forces in some capacity.
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By definition, a refugee is “a person who has been forced to leave their country in order to escape war, persecution, or natural disaster“. Most refugees currently living in America are from South Asia, Africa, and the Middle East. Many of them have graduated from higher education and possess relevant professional experience but are largely underrepresented in the job marketplace. Click here to read stories of Amplio employees
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Do I need to hire refugees in my business to qualify for funding?
Yes, you must already or actively in the process of hiring a minimum of 10% of your workforce from the refugee community in order to apply for funding
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What if my business stops hiring refugees during the term of the loan?
If your business no longer hires refugees and you have an outstanding balance on a loan then the loan payment schedule will be sped
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Do you offer seed funding for pre-revenue startups?
Our revenue-based lending model is best suited for companies that are currently generating at least $400k in annual revenue and have some sort of recurring revenue streams. If you’re a pre-revenue startup, you can still apply online so that we can keep you on our radar.
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Do you only invest in certain geographies?
Currently, Amplio Ventures provides funding to companies in the United States HQ’ed in the states of Georgia, Texas, Colorado, Michigan, and Oregon.
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We will ask for a percentage of revenue (usually between 2% and 8%, never more than 50% of your business’ EBITDA margin) until repayment is achieved.
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How much funding can I get?
You can qualify for a loan for up to 20% of your annualized revenue over the last 12 months of operations but the final qualified principal amount is based on multiple factors. Complete the term calculator to see what your business qualifies for.
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Do I need to personally guarantee and or put up collateral in order to qualify for a loan with Amplio Ventures?
Though the MAJORITY of our loans will not require collateral or personal guarantees, there might be cases where we will require personal guarantees as a result of our underwriting process.
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If it’s a revenue loan, then what’s the interest rate?
Unlike a traditional loan, revenue-based financing doesn’t have a set payment amount each month. Instead, you pay a percentage of topline revenue. If you beat your plan and grow faster, your payments go up accordingly, but if you miss your plan, your monthly payment goes down.
The effective interest rate from Amplio Ventures is higher than what traditional banks provide, however this is to make up for the fact that generally Amplio Ventures does not require collateral or personal guarantees on the loans it provides and payback schedules are tied to customer cash collections. Our lending product To learn more, reach out to us!
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Do I keep paying this percentage of topline revenue forever?
No. Payments stop when the return cap has been paid back. Revenue Based Loans are normally repaid over 3–5 years, but if your revenue grows faster than expected, you can pay off the loan sooner.