It depends on the contract: some allow cancellation within a short window if funds are returned, others none. Read the cancellation clause and ask for it in writing before signing.
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Cancellation rights depend entirely on the contract. Some funding agreements allow cancellation within a short window if the funds are returned; many do not include any cancellation right after signing or funding. Knowing the clause before signing matters.
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.
Approved files are usually funded the next business day.
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Before funding, cancellation is usually simplest. If you have signed but funds have not been sent, contact the funder immediately in writing to withdraw. Many funders will stop the process, though the agreement may say what happens to any fees. Ask before signing whether you can withdraw before funding without cost.
After funding, look for a specific cancellation or rescission clause. Some funders advertise a short window, for example several days, during which you can cancel by returning the full funded amount, sometimes plus or minus specific fees. The clause will state the deadline, how notice must be given and how returned funds are handled. If no such clause exists, the agreement generally cannot be cancelled unilaterally; instead, you would pay it off under its terms.
Paying off is different from cancelling. A payoff ends the obligation by paying the remaining balance, which for an advance is usually the purchased amount minus remittances, reduced only if an early-payoff discount applies. A cancellation within an allowed window typically requires returning what you received and unwinds the deal.
Practical steps if you want to cancel: read the agreement for cancellation, rescission and payoff sections; contact the funder in writing promptly; do not spend the funds if you intend to return them; and request written confirmation that the agreement is cancelled and any UCC filing will be terminated.
Certain consumer protections, such as rescission rights on some consumer loans, generally do not apply to commercial financing. Treat commercial agreements as binding once signed unless the contract says otherwise.
MFE provides written agreements so you can review cancellation and payoff terms before signing.
Here is an offer whose payoff and cancellation terms you would review before signing. Illustrative numbers.
| Amount funded | $100,000 |
| Factor rate | 1.28 |
| Total payback (amount × factor) | $128,000 |
| Fees deducted at funding (2%) | $2,000 |
| Net cash you receive | $98,000 |
| Weekly payment over 26 weeks | $4,923 |
| Same total as daily debits (~130 business days) | $985/day |
Illustrative numbers only. Your offer depends on your file; always compare net cash and total payback in writing.
| Before funding | Withdraw in writing; ask about fees |
| After funding, with clause | Return funds within the window |
| After funding, no clause | Generally cannot cancel; pay off instead |
| Payoff | Pay remaining balance, discount if offered |
| Confirmation | Written cancellation and UCC termination |
Good fit:
Probably not yet:
Only if the contract allows it; many do not after funding.
Withdraw in writing immediately and ask about any fees.
Cancelling unwinds the deal by returning funds; paying off satisfies the remaining balance.
Generally not to commercial financing.
In writing, promptly, following the clause.
Written cancellation and UCC termination.
Example uses for illustration only.
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