Use of funds
List each balance, payment, frequency and remaining payback.
✓ Checking what you qualify for does not affect your credit score.
At Merchant Fund Express, we start from what the money is for, because the use decides the amount, the structure and the timing.
Several advances, a credit card balance and a vendor plan each take a different amount on a different day. The total is not hard to calculate; the timing is hard to live with.
Underwriting leans on bank activity: how much comes in, how steadily, and what the balance looks like between deposits. A request that is tied to a specific, near-term need is easier to size and to approve.
List each balance, payment, frequency and remaining payback. Add them into one monthly figure and compare with a single schedule over a longer term.
An illustration. These are illustrative figures to show the arithmetic, not an offer.
| Item | Illustration |
|---|---|
| Advance A, daily debit | $420 a day |
| Advance B, weekly debit | $1,900 a week |
| Combined monthly outflow | about $17,600 |
| Goal | One weekly payment that leaves more of each week’s deposits in the account |
Before you choose, ask two questions: how long will the money be out, and where will the repayment come from? The answers narrow the options quickly.
Buyouts of balances up to $100,000 into a weekly term loan or line of credit. See the page →
Fixed amount, weekly payments and a 50% discount on remaining interest for a full early payoff. See the page →
Consolidating only to restart borrowing. Close the loop with a budget that prevents re-stacking.
Sole proprietors can apply. The minimum FICO is 500, and the better your credit, the better your offer. See the published requirements.
Not necessarily, but a longer term can mean more total dollars. Compare total payback, not just the payment. Merchant Fund Express shows the exact amount, schedule and total cost in your offer before you sign.
A person reviews your revenue, time in business and bank activity, and a decision is typically same day. Approved files are usually funded the next business day.
No. Checking what you qualify for does not affect your credit score.
Apply with Merchant Fund Express: same-day decision, and applying takes a few minutes without affecting your credit score.
