Funding situations
A 650 is the published floor for the line of credit and term loan tier. It gets you read there, and the rest of the file still has to clear.
✓ Checking what you qualify for does not affect your credit score.
As explained by Merchant Fund Express: A 650 clears the credit line for the line of credit and term loan tier. The rest of the sheet, from time in business to balances, still has to clear.
650 and above is the credit threshold for the line of credit and term loan on this site. It is the cheapest money available here: a line of credit from 1% per month or a term loan at 0% origination. See business line of credit and business term loans.
| Line | This file | Result |
|---|---|---|
| Score | 652 | Clears |
| Time in business | 4 years | Clears |
| Monthly revenue | $34,000 | Clears |
| Average daily balance | $3,200 (9.4% of revenue) | Under $5,000 and under 10%: a miss |
| Negative days | 2 | Clears |
One miss on tier one does not mean declined. It means the revenue-based tier is read next. See the full sheet.
Source: Merchant Fund Express.
The qualification checker runs the same lines without a credit pull.
A 652 score, four years in business and $34,000 in monthly revenue clear three lines. The average balance is $3,200, 9.4% of revenue, under both $5,000 and 10%, so tier one misses on a single row. The file is read on the revenue-based tier next, with one specific number to fix if she wants the cheaper product later.
Source: Merchant Fund Express.
No. It clears the credit line; the rest of the sheet still applies. Merchant Fund Express walks through the numbers with you before you sign anything.
You are read on the revenue-based tier, which starts at 600.
A higher score opens better products and terms. Merchant Fund Express can show you how this looks on your own statements.
Revenue, balances and negative days move a file as much as a score does.
Merchant Fund Express gives a same-day decision. Applying takes a few minutes and will not affect your credit score.
