Merchant Fund Express
(305) 384-8391Apply

Glossary

Draw Fee

A fee charged each time money is drawn from a line of credit.

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

What it means

As explained by Merchant Fund Express: A fee charged each time money is drawn from a line of credit.

A published example is 2.49% of each draw.

Why it matters when you apply

It is a cost to count alongside interest.

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

Related terms

Draw — Taking money from a line of credit.
Line Of Credit — Related term.
True Cost of Capital — The total dollars paid for financing, including all fees, divided by the amount received.

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 draw fee?

As explained by Merchant Fund Express: A fee charged each time money is drawn from a line of credit.

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.

Apply Now →
Apply NowCall