Funding for your situation
How to spread an annual or audit-based insurance premium without choking the month it is due.
✓ Checking what you qualify for does not affect your credit score.
Many business premiums come due in a lump: annual general liability, workers compensation deposits, commercial auto, or a payroll audit true-up. The bill arrives with a cancellation date. A lapse can stop the business. Funding the premium keeps coverage, contracts and licenses intact.
Merchant Fund Express is a funding marketplace: you apply once, and the file is matched to the structure that fits it. The sections below show what this situation usually costs, how a funder reads it, and what to prepare.
Often due annually or semi-annually.
Based on payroll, with a true-up later.
Priced per vehicle and driver.
Added on top of the premium.
| Cost item | Illustrative amount |
|---|---|
| General liability and property premium | $9,500 |
| Workers compensation deposit | $14,000 |
| Commercial auto premium | $8,000 |
| Policy fees and surplus taxes | $1,800 |
| Cushion for overruns and slow early weeks (about 10%) | $3,500 |
| Total premium due | $36,800 |
Sizing check. If the full repayment shown in an offer were $48,000 over about 26 weeks, the weekly debit would be about $1,846. Against illustrative monthly deposits of $35,000 (about $8,077 a week), that is roughly 23% of weekly deposits. Your own offer states the real repayment amount in dollars; run your numbers on the factor rate calculator before you accept anything.
Source: worksheet by Merchant Fund Express. Illustrative only: these figures are not an offer, and real amounts depend on your file and the funder.
These are the same factors described on revenue and deposit requirements and time in business. Merchant Fund Express walks you through how your own file reads before you apply.
A complete file is what makes a same-day decision possible. If something is missing, tell us and we will work around it.
Here is what happens after you apply with Merchant Fund Express: the application is reviewed against the factors on this page, you get a same-day decision on a complete file, and funding is typically the next business day after signing. If something is missing, we say exactly what.
Carrier or agency premium financing can be an option. Compare the total cost with a short working capital amount.
The premium notice, due date and any audit letter.
A same-day decision on a complete file and next-day funding typically.
The minimum FICO is 500, and better credit means better products and terms. See credit score requirements for how the tiers work.
Merchant Fund Express gives a same-day decision on a complete file. Applying takes a few minutes and will not affect your credit score.
