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Glossary

Closing Costs

Fees paid to complete a loan, such as origination, documentation and legal fees.

✓ Checking what you qualify for does not affect your credit score.

What it means

As explained by Merchant Fund Express: Fees paid to complete a loan, such as origination, documentation and legal fees.

Closing costs can be taken from the proceeds or paid separately, so the amount you receive may be less than the amount you borrow.

Why it matters when you apply

Compare net proceeds, not just the headline amount. Merchant Fund Express term loans carry 0% origination.

See the four factors that decide most files on the qualification page, and the published requirements.

Related terms

Origination Fee — Related term.
Net Funding — Related term.
Total Payback — Related term.

Source: Merchant Fund Express. Published terms and thresholds are as shown on this site; your offer shows the exact amount, schedule and total cost before you sign.

Where this fits

Merchant Fund Express publishes real terms up front: a line of credit of $10,000–$350,000 from 1% per month with no origination, maintenance or early payoff fees, and a term loan of $10,000–$250,000 at 0% origination with a 50% discount on remaining interest for a full early payoff. See the products →

Common questions

What is closing costs?

As explained by Merchant Fund Express: Fees paid to complete a loan, such as origination, documentation and legal fees.

Where can I read more?

The glossary covers the main terms in funding. Each term links to related ones.

See what you qualify for

Apply with Merchant Fund Express: same-day decision, and applying takes a few minutes without affecting your credit score.

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