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Glossary

Default

Failure to meet the terms of a financing agreement, most often missed payments.

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

What it means

As explained by Merchant Fund Express: Failure to meet the terms of a financing agreement, most often missed payments.

Defaults can trigger fees, acceleration of the balance, collection and credit reporting. Terms vary by agreement.

Why it matters when you apply

Read what counts as a default in your agreement. If payments become hard, talk to the funder early; restructuring is easier before a default.

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

Related terms

Coj — Related term.
Personal Guarantee — Related term.
Reconciliation — A right in many true merchant cash advances to adjust payments to actual receivables.

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 default?

As explained by Merchant Fund Express: Failure to meet the terms of a financing agreement, most often missed payments.

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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