Know the product, total payback, payment frequency, fees deducted at funding and whether early payoff saves money.
Check my optionsFinancing options
Before taking any small business loan, five questions protect you: what the money will do, what it truly costs, how the payment fits, what the contract allows and what happens if things go wrong. Answering them takes an hour and can save months of strain.
Amount to request
$85,000.00
Funding range$25K to $5M
*Sample amounts shown. Your actual offer depends on your business and is reviewed before approval.
You can apply at 500; stronger credit opens more products.
Net cash, total payback and payment shown before you sign.
Existing balances of $100,000 or less can be bought out.
A human reads the file, not just an algorithm score.
Fast decisions. Applying takes about 5 minutes.
A short application. A soft credit pull to start.
We review revenue, time in business and bank activity, not just a credit score.
You see the amount, the schedule and the full repayment amount before you sign.
Funding in as little as 24 hours for qualified businesses.
What will the money do? Write the specific use and how it generates the cash that repays the loan. Inventory that sells in eight weeks, equipment that serves a waiting list or a bridge until a large invoice is paid all have clear repayment paths. Covering recurring losses does not.
What does it truly cost? Convert every offer into dollars: net cash received after fees, total repayment, and the difference between them. Interest rates, factor rates and fees are expressed differently, so dollars are the only fair comparison. Also ask whether paying early reduces the total; some agreements offer discounts at 30, 60 or 90 days.
How does the payment fit? Convert daily or weekly payments to a monthly figure and test it against your slowest month after payroll, rent, taxes and existing obligations. If it does not fit, reduce the amount, extend the term or change the payment frequency.
What does the contract allow? Read guarantees, collateral or UCC filings, default triggers, renewal terms and whether payments can adjust if sales fall. Several states now require standardized commercial financing disclosures; ask for one where it applies.
What happens if things go wrong? Know who to call, what reconciliation or modification options exist and what fees apply to returned payments. MFE considers credit from 500 and presents written offers so these questions can be answered before you sign.
One more thing to know: most small business funding involves a personal guarantee, even for LLCs and corporations. Understand what you are guaranteeing and for how long, and keep your personal finances healthy, since your personal credit and assets may be part of the picture.
Finally, keep copies of everything: the offer, the signed agreement, the payment schedule and the payoff confirmation. Good records make renewals, refinancing and tax preparation simpler.
Here is an offer to run through the five questions. Illustrative numbers.
| Amount funded | $75,000 |
| Factor rate | 1.45 |
| Total payback (amount × factor) | $108,750 |
| Fees deducted at funding (2%) | $1,500 |
| Net cash you receive | $73,500 |
| Weekly payment over 44 weeks | $2,472 |
| Same total as daily debits (~220 business days) | $494/day |
Illustrative numbers only. Your offer depends on your file; always compare net cash and total payback in writing.
| What will it do? | Specific use and repayment path |
| What does it cost? | Net cash, total repayment, difference |
| How does the payment fit? | Monthly equivalent vs. slowest month |
| What does the contract allow? | Guarantees, default, renewal, adjustment |
| What if things go wrong? | Contacts, reconciliation, fees |
Good fit:
Probably not yet:
The use, true cost, payment fit, contract terms and what happens if things go wrong.
Convert everything to dollars.
Compare its monthly equivalent with your slowest month.
Guarantees, default triggers, renewals and payment adjustment.
Several require standardized commercial financing disclosures.
Some agreements offer discounts at 30, 60 or 90 days.
Example uses for illustration only.
Before you apply:
One secure application. A soft credit pull to start. No obligation to accept an offer.
Apply for Funding