Only if your agreement says so. Some funders advertise a short cancellation window if you return the funds; check the clause, the deadline and how returned funds are handled.
Check my optionsCost and offers
Some funders advertise that a merchant cash advance can be cancelled within a short window, such as seven days, if the funds are returned. Whether you have that right depends on your specific agreement, and the details, deadlines, day counts and fees, determine whether it is usable.
Amount to request
$85,000.00
Funding range$25K to $5M
*Sample amounts shown. Your actual offer depends on your business and is reviewed before approval.
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Find the clause. Look for sections titled cancellation, rescission, right to cancel or similar. If none exists, there is generally no contractual right to cancel after funding; the alternative is paying off under the agreement terms, with any early-payoff discount that applies.
Read the deadline precisely. Does the window run from signing or from funding? Are the days calendar days or business days? Does notice have to be received by the funder within the window, or just sent? A seven-business-day window starting at funding is very different from seven calendar days starting at signing.
Understand what must be returned. Most cancellation clauses require returning the full funded amount. Some allow the funder to retain certain fees, or require that any remittances already collected be credited. The clause should say how the return is made, typically by wire to a specified account, and by when.
Follow the notice method exactly. Clauses usually specify written notice by email or another channel to a specific address. Keep proof of sending and receipt. Do not spend the funds if you intend to cancel, since you will need to return them in full within the deadline.
Ask for written confirmation. After funds are returned, request a written statement that the agreement is cancelled, that no further remittances will be debited and that any UCC filing will be terminated.
Before signing, ask the funder directly whether a cancellation window exists and get the answer in writing. MFE provides written agreements so you can review cancellation and payoff terms in advance.
Here is an advance whose cancellation window, if any, you would confirm before signing. Illustrative numbers.
| Amount funded | $60,000 |
| Factor rate | 1.35 |
| Total payback (amount × factor) | $81,000 |
| Fees deducted at funding (2%) | $1,200 |
| Net cash you receive | $58,800 |
| Weekly payment over 36 weeks | $2,250 |
| Same total as daily debits (~180 business days) | $450/day |
Illustrative numbers only. Your offer depends on your file; always compare net cash and total payback in writing.
| Clause exists? | If not, payoff is the only exit |
| Window starts | Signing or funding |
| Day count | Calendar or business days |
| Return required | Full funded amount; fees per clause |
| Proof | Written notice and confirmation |
Good fit:
Probably not yet:
Only if your agreement includes a cancellation window; check the clause.
It depends on the clause; read it carefully.
The clause should specify; ask if unclear.
Usually the full funded amount, with any fee treatment stated in the clause.
Exactly as the clause specifies, in writing, with proof.
You would generally pay off under the agreement terms instead.
Example uses for illustration only.
Before you apply:
One secure application. A soft credit pull to start. No obligation to accept an offer.
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