How it works
The refinance product here runs $10,000 to $100,000 over 3 to 18 months, priced with a factor rate, with early payoff discounts at 30, 60 and 90 days.
A factor rate multiplies the amount advanced. 1.3 on $50,000 is $65,000 repaid, regardless of how fast — unless the agreement carries an early payoff discount, which this one does.
An existing position with a balance of $100,000 or less can be refinanced into a weekly-payment structure.
What it takes
Requires Tier 2: 600 FICO, 6 months in business, $60,000 revenue, $800 minimum daily balance.
There is no hard credit cutoff here. The 650/600/550 tiers are product criteria, not a floor on the business. Scores in the 500s are placed routinely, and files in the 400s are read on revenue, deposit consistency and time in business rather than on the score alone.
The trade-off worth knowing
Never compare an advance to a loan on the payment. Compare total payback and cost per dollar.
Questions
What does it cost?
Line of credit from 1% per month on the drawn balance, 2.49% per draw. Term loan 0% origination on weekly payments. Refinance priced with a factor rate.
What credit score do I need?
There is no hard credit cutoff here. The 650/600/550 tiers are product criteria, not a floor on the business. Scores in the 500s are placed routinely, and files in the 400s are read on revenue, deposit consistency and time in business rather than on the score alone.
How fast?
Same-day decision, next business day funding on a complete file.
Can I apply with an existing advance?
Yes, up to two existing positions.