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Glossary

Payoff Amount

The total required to fully repay a debt on a given date.

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

What it means

As explained by Merchant Fund Express: The total required to fully repay a debt on a given date.

It can differ from the remaining payments because of discounts, fees or interest rules in the agreement.

Why it matters when you apply

Ask for a payoff figure in writing before planning a buyout or early payoff.

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

Related terms

Payoff Letter — A written statement from a funder of the amount needed to close out a debt.
Prepayment Penalty — Related term.
Mca Buyout — 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 payoff amount?

As explained by Merchant Fund Express: The total required to fully repay a debt on a given date.

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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