Funding situations
Two years is well past the revenue-based floor and a year short of tier one. It is a strong young file.
✓ Checking what you qualify for does not affect your credit score.
As explained by Merchant Fund Express: Two years clears the revenue-based floor and sits a year short of tier one. Plan the refinance for year three.
| Product | Time in business line |
|---|---|
| Revenue-based tier | 6+ months: cleared |
| Tier one | 3+ years: not yet |
| When | Move |
|---|---|
| Today | Revenue-based advance with a weekly payment |
| At 12 months of clean payments | Ask about a renewal |
| At 3 years | Apply for the line of credit if the rest of tier one clears |
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 five-plus years and business line of credit.
An owner with two years takes a revenue-based advance on a weekly schedule and pays it cleanly. At month thirty-six her balance, negative days and credit all clear tier one and she refinances into a line of credit at a fraction of the cost. The first product bridged to the second.
Source: Merchant Fund Express.
Tier one asks for 3+ years. A year of clean payments positions you well. Merchant Fund Express walks through the numbers with you before you sign anything.
Yes. It reads as more established.
Balances, negative days and positions.
Only if you can. A revenue-based product can bridge.
Merchant Fund Express gives a same-day decision. Applying takes a few minutes and will not affect your credit score.
