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A renewal extends more funding from the funder who already has your history, often on looser terms.
✓ Checking what you qualify for does not affect your credit score.
At Merchant Fund Express, we compare structures on total dollars repaid and the rhythm of payments, and we publish our own terms so you can do the same.
A renewal extends more funding from the funder who already has your history, often on looser terms. New funding starts a fresh agreement, possibly with a different funder.
| Renewal | New funding | |
|---|---|---|
| Eligibility | Typically when 50% of the original balance is repaid | Based on the current file |
| Terms | Looser than new money | Standard |
| Paperwork | Three months of statements | Full file |
| Published renewal criteria | FICO 550, 2 years in business, no origination fee | Per product tier |
A quick check: These are illustrative figures to show the arithmetic, not an offer; your offer shows the amount, schedule and total cost before you sign.
| Item | Figure |
|---|---|
| Original balance | $80,000 |
| Repaid so far | $44,000 |
| Share repaid | 55%, so the repayment trigger is met |
Compare any offer on total dollars repaid and the rhythm of payments, not on a single rate. Use the factor-rate calculator and how much can I borrow to test your numbers. The minimum FICO is 500, and the better your credit, the better your offer.
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.
Once 50% of the original balance has been paid back. Merchant Fund Express shows the exact amount, schedule and total cost in your offer before you sign.
No origination fee on a renewal. Merchant Fund Express publishes its terms and thresholds before you apply.
Apply with Merchant Fund Express: same-day decision, and applying takes a few minutes without affecting your credit score.
