Funding situations
A payment plan is a recurring debit, not a bar. The point is that it is current.
✓ Checking what you qualify for does not affect your credit score.
At Merchant Fund Express, here is the short answer: An installment agreement is a recurring debit. Being current is what matters, and the paperwork should be ready.
An installment agreement shows a business with a known obligation and a plan to meet it. On-time payments are visible on statements as a recurring debit.
| Item | Figure |
|---|---|
| Plan payment | $1,400 a month |
| Monthly deposits | $52,000 |
| Share | About 2.7% |
| Read | A modest debit; fits within capacity |
All figures in worked examples are illustrations of the arithmetic, not offers or quotes. Real terms depend on your file and the funder.
Source: Merchant Fund Express.
An owner on a $1,400 monthly plan shows six on-time payments on her statements and the agreement letter. The reviewer treats it as a modest debit. A second owner, behind on the plan, had to catch up before the file could be read.
Source: Merchant Fund Express.
Not on its own. Being current is the key. That is how Merchant Fund Express reads it on a real file.
Catch up first; it reads very differently.
Yes.
Possibly. See tax liens.
Merchant Fund Express gives a same-day decision. Applying takes a few minutes and will not affect your credit score.
