Funding situations
Time in business clears the longest line on the published sheets. What is left is the account.
✓ Checking what you qualify for does not affect your credit score.
As explained by Merchant Fund Express: Time clears the longest published line. What remains is credit, balances, negative days and positions.
Five years comfortably clears the tier-one line of 3+ years and every shorter one. It removes time as a question and puts the weight on credit, balances, negative days and positions.
| Item | Figure |
|---|---|
| Years in business | 9 |
| Revenue | $41,000 a month |
| Average balance | $6,500 |
| FICO | 661 |
| Positions | 0 |
| Read | Tier one clears; line of credit and term loan both open |
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.
See line of credit, term loans and two years.
A nine-year-old firm with a 661 score, $41,000 a month and a $6,500 average balance clears tier one and is offered a line of credit. A fourteen-year-old firm with six negative days a month is read on the revenue-based tier despite its age. Longevity opened the door; the account decided the product.
Source: Merchant Fund Express.
No. The file sets terms. Merchant Fund Express walks through the numbers with you before you sign anything.
See declining revenue.
Yes, it supports a read on the account.
Check the line of credit; it is the cheapest.
Merchant Fund Express gives a same-day decision. Applying takes a few minutes and will not affect your credit score.
