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Position is simply the order of claims on your revenue.
✓ Checking what you qualify for does not affect your credit score.
At Merchant Fund Express, we compare structures on total dollars repaid and the rhythm of payments, and we publish our own terms so you can do the same.
Position is simply the order of claims on your revenue. First position means no other advance sits ahead of this one; second position means another funder is already being paid first. It affects what products are available and how a file is read.
| First position | Second position | |
|---|---|---|
| Meaning | No other advance ahead | One advance already ahead |
| Products | Term loan (first position only), line of credit, advance | Line of credit up to $350,000 or an advance |
| Payments | One schedule | You make both payments |
| Risk read by funder | Lower | Higher; depends on combined load |
| Limit | n/a | Up to two current positions fit the written guidelines |
An illustration of combined load: These are illustrative figures to show the arithmetic, not an offer; your offer shows the amount, schedule and total cost before you sign.
| Item | Figure |
|---|---|
| Existing advance payment | $1,900 a week |
| New payment | $1,200 a week |
| Combined | $3,100 a week |
| Share of $20,000 weekly deposits | 15.5% |
Compare any offer on total dollars repaid and the rhythm of payments, not on a single rate. Use the factor-rate calculator and how much can I borrow to test your numbers. The minimum FICO is 500, and the better your credit, the better your offer.
Source: Merchant Fund Express. Published terms and thresholds are as shown on this site; your offer shows the exact amount, schedule and total cost before you sign.
It does not have to. What matters is whether the business can carry both payments. Merchant Fund Express shows the exact amount, schedule and total cost in your offer before you sign.
A buyout of an existing position, for balances of $100,000 or less, can replace it with a single weekly-payment term loan or line. Merchant Fund Express publishes its terms and thresholds before you apply.
Apply with Merchant Fund Express: same-day decision, and applying takes a few minutes without affecting your credit score.
