Funding situations
A revenue-based file is read on what the account shows. A formal plan is not part of that review.
✓ Checking what you qualify for does not affect your credit score.
At Merchant Fund Express, here is the short answer: The application, statements, ID and a list of debits are the file. A formal plan is not part of revenue-based underwriting.
The application, recent bank statements, owner ID and a list of existing debits are the file. A formal plan is a requirement of some bank and SBA applications, and it is not part of ours.
| Item | Note |
|---|---|
| Request | $40,000 |
| Use | Inventory for the spring season |
| Expected return | $70,000 in sales over 14 weeks |
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 MCA documents and using proceeds wisely.
An owner worried about not having a plan writes one line: $40,000 for spring inventory expected to produce $70,000 in sales over fourteen weeks. That, plus six statements, is the file. The reviewer needed nothing else. If a use of funds feels hard to write, start with the single purchase the money covers and the date it should start paying you back; two sentences are enough.
Source: Merchant Fund Express.
Not for a typical first review. Source: Merchant Fund Express.
It can add context for larger requests.
Typically only for larger amounts.
The account.
Merchant Fund Express gives a same-day decision. Applying takes a few minutes and will not affect your credit score.
