Funding with two open advances | Merchant Fund Express

The situation

Two is the published ceiling, so a third-position request is a no here regardless of revenue.

The line of credit can sit in second position. The term loan is first position only. If both existing positions are small, refinancing one can free the slot.

The published position rules

Maximum two existing positions. The line of credit can sit second; the term loan is first position only.

Taking additional financing on top of an open line of credit freezes it — a published condition, not a surprise.

Line of credit — can sit second

Term loan — first position only

MCA refinance — $10,000 to $100,000

Renewal — 550 FICO, 2 years in business, once 50% of the original balance is repaid

Average daily balance of $5,000, or 10% of monthly revenue, whichever is greater. Up to 3 negative days a month, 9 per six months and up to 6 NSFs a month, 24 per six months.

What the file needs

Application plus three months of business bank statements. Same-day decision, next business day funding.

There is no hard credit cutoff here. The 650/600/550 tiers are product criteria, not a floor on the business. Scores in the 500s are placed routinely, and files in the 400s are read on revenue, deposit consistency and time in business rather than on the score alone.

Restricted regardless of the numbers: new residential construction, residential remodelling, long-distance (TL or LTL) trucking, used car dealers, and real estate agents, brokers, managers or lessors. Sole proprietors are eligible. Non-profits are not, and 50% or more ownership is required. Funding in every US state except Vermont, North Dakota and South Dakota.