Glossary
A payment sent toward the payback, whether taken automatically or paid by you.
✓ Checking what you qualify for does not affect your credit score.
A payment sent toward the payback, whether taken automatically or paid by you.
In an advance, the remittance is the debit or the share of sales sent to the funder. It may be daily, weekly or a percentage, depending on the agreement.
The remittance pattern shapes your cash flow more than the total cost does.
A weekly remittance of $2,500 over 25 weeks repays $62,500.
Many Canadian advances debit the business account directly. Make sure the balance is there on debit days.
In a review, remittances are checked for cadence: when they leave the account, how they line up with payroll and how many happen in a week. A pattern where the remittance lands the day before a big supplier payment is a flag a funder reads on the statement, and one you can often fix by moving a date.
A remittance is not a fee. Each one reduces the payback balance, so it is a repayment, not an extra charge.
Only by agreement with the funder.
See the related guides and the comparison pages, or apply and ask.
No. It is educational information, and agreements vary.
Educational information only. It is not legal, tax or accounting advice.
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