Funding situations
Strong revenue can offset a lower score, up to a point. Within a product, the bank statements carry most of the weight.
✓ Checking what you qualify for does not affect your credit score.
As explained by Merchant Fund Express: Within a product, steady deposits, healthy balances and few negative days can make a lower-score file stronger than a higher-score one.
The score decides which product a file is read against. Within that product, steady deposits, healthy balances and few negative days can make a lower-score file stronger than a higher-score file with a messy account. See credit score requirements.
| File A | File B | |
|---|---|---|
| Score | 560 | 710 |
| Monthly revenue | $140,000 | $48,000 |
| Average balance | $38,000 | $2,100 |
| Negative days | 0 | 9 |
| Likely read | Strong on the account | Weak on the account |
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 550 credit and MCA with bad credit.
An owner with a 560 score and $140,000 a month in deposits with no negative days is read as strong on the account and placed against a revenue-based product. A 710-score owner with $48,000 and nine negative days is read as weaker. The score set the shelf; the account set the position on it.
Source: Merchant Fund Express.
No. The account behaves as well as it earns. Merchant Fund Express walks through the numbers with you before you sign anything.
Below 500 is below the published minimum.
It can improve terms within the product.
Clean statements and a long run of steady months.
Merchant Fund Express gives a same-day decision. Applying takes a few minutes and will not affect your credit score.
