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Glossary

Draw Period

The time during which you can borrow 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: The time during which you can borrow from a line of credit.

After the draw period ends the line may close or convert to a repayment phase. Terms differ by product.

Why it matters when you apply

Know how long you can draw and what happens when the draw period ends.

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.
Loan Term — The length of time over which a loan is repaid.

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 period?

As explained by Merchant Fund Express: The time during which you can borrow 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.

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