Guide
An advance buys future revenue at a factor rate rather than lending at an interest rate.
✓ Checking what you qualify for does not affect your credit score.
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.
Requires Tier 2: 600 FICO, 6 months in business, $60,000 revenue, $800 minimum daily balance.
The minimum FICO is 500. The 650/600/550 tiers are product criteria that decide which product a file is read against, not a floor on the business. Scores in the 500s are placed routinely and are read on revenue, deposit consistency and time in business rather than on the score alone.
Never compare an advance to a loan on the payment. Compare total payback and cost per dollar.
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.
The minimum FICO is 500. The 650/600/550 tiers are product criteria that decide which product a file is read against, not a floor on the business. Scores in the 500s are placed routinely and are read on revenue, deposit consistency and time in business rather than on the score alone.
Same-day decision, next business day funding on a complete file.
Yes, up to two existing positions.
Same-day decision. Applying takes a few minutes and will not affect your credit score.
