Use of funds
Costs of entry, a launch period of payroll and marketing, and a cushion for slower ramp than the home market.
✓ 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.
A second city is a second payroll, second marketing budget and often a second set of permits, all before the first local customer.
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.
Costs of entry, a launch period of payroll and marketing, and a cushion for slower ramp than the home market. Test with a smaller pilot where you can.
An illustration. These are illustrative figures to show the arithmetic, not an offer.
| Item | Illustration |
|---|---|
| Permits, deposits and set-up | $18,000 |
| Four months of local payroll and marketing | $52,000 |
| Cushion for slower ramp (20%) | $14,000 |
| Total | $84,000 |
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.
A fixed amount and weekly payments for a defined entry plan. See the page →
Draw as the new market ramps. See the page →
Entering with the same assumptions as the home market. New territories typically ramp slower.
Sole proprietors can apply. The minimum FICO is 500, and the better your credit, the better your offer. See the published requirements.
A defined entry plan fits a term loan; an uncertain ramp often fits a line you draw as needed. 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.
