April 6, 2026

How to Request Your First Loan on SoLo Funds: A Step-by-Step Guide

Quick Take

Tips are voluntary and set by the member requesting funds. No mandatory interest charges.
If an account becomes seriously delinquent, third‑party debt collection may occur. See the current Terms of Service for details.
SoLo uses a bank partner (Member FDIC). Deposit insurance may apply to eligible wallet funds under the applicable terms; review the Terms for details.

Good to Know

Tips are voluntary and set by the member requesting funds. No mandatory interest charges.
SoLo does not report to the major credit bureaus. Third-party collectors may have different reporting practices.
SoLo uses a bank partner (Member FDIC). Pass-through insurance may apply; check the Terms.

First time on SoLo? The process is fairly straightforward, but knowing how each step works, and what actually gets requests funded, gives you a real advantage. Here’s everything you need to make your first request the right way.

Before You Start: What You Need

To request a loan on SoLo, you’ll need to create an account, complete identity verification, and connect a bank account/payment method for money movement. Approval and funding are not guaranteed, and eligibility can vary by member.

Step-by-Step: Your First Loan Request

Download the SoLo Funds app. Available on the App Store and Google Play. Create your account and verify your identity, this is standard for any financial platform and keeps the community safe for everyone.
Connect your bank account/payment method. This enables money movement for funding and repayment. Follow the in‑app prompts to connect and verify your payment method(s).
Complete your profile. Fill in every field. A complete profile signals accountability to lenders. Members with complete profiles attract more funding than those with half-finished ones.
Set your loan amount. New members start with access up to $100. Start with an amount that fits your access level, a modest, realistic first request is more likely to get funded than a first-time request at the limit.
Write your loan reason. This is one of the most important parts. Lenders are real people. They read your reason before deciding to fund. “Need $75 to cover a car repair so I can get to work Thursday” is specific, honest, and relatable. Vague reasons get passed over. Give lenders a reason to say yes.
Choose your repayment date. You set this, and it can be up to 15 days out. Match it to when you actually expect to have the money. An honest, realistic date builds trust. An overpromised date that you miss hurts your SoLo Score.
Add an optional tip. Tips go directly to your lender, not to SoLo. They’re voluntary, but adding one increases your request’s visibility in the marketplace. Members who add a tip tend to get funded faster.
Submit your request and wait. Your request becomes visible in the marketplace for lenders to review. Funding timing varies, and funding is not guaranteed. If your request isn’t funded within 3 days, it typically expires and you can resubmit.

What Happens After You Get Funded

Once a lender funds your request, the money moves to your SoLo Wallet. From there, you can transfer it to your linked bank account or spend it directly using your SoLo Mastercard Debit Card. The card is connected to your SoLo Wallet and can be used anywhere Mastercard is accepted.

On your chosen repayment date, the repayment is processed automatically. Repaying on time (or early) immediately builds your SoLo Score and unlocks higher borrowing limits on future requests.

SoLo FAQ: How does borrowing work?
SoLo FAQ: What are the borrowing costs?
SoLo FAQ: When will I get funded?

Why Some First Requests Don’t Get Funded

Not every request gets funded, it happens. Try requesting again using the tips below to help you increase your chances to get the support you need.

Here’s what helps

Start small, build trust. Borrow what you need, pay it back on time, and watch your opportunities grow. Every on-time repayment builds your SoLo Score and shows lenders you’re reliable. Consistency opens doors.
Tips help you stand out. They’re always optional, but a thoughtful tip shows lenders you value their support, and it can help you get funded faster.
Not getting funded? Boost your SoLo Score above 55. Add additional high-quality payment methods to raise your SoLo Score. A higher score means better chances of getting funded.

Together, we believe in the goodness of people, that anyone can be responsible with money, and that everyone needs help from time to time.

Pro Tip: Think of your first SoLo request as an introduction, not a transaction. Lenders are choosing to trust you with their money. A clear reason, an honest date, and a tip tell them you take this community seriously. That’s how first-time members get funded in minutes, not days.

Your first SoLo request sets the foundation for everything that comes after. Start small, be honest, repay on time, and your access to the platform grows with you. The community is real. The money is real, and the path from your first $100 request to a $650 borrowing limit is a straight line built entirely on your own track record.

Ready to make your first request? Join SoLo Funds and tap into a community that’s ready to back you.

Download SoLo Funds in the App Store
Download SoLo Funds in the Google Play Store