Use of funds
Plan twelve months of costs and a conservative revenue ramp.
✓ 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.
The first year has a long list of costs that nobody planned for: licences, insurance, deposits, slow months and equipment that was not on the quote.
The review is of the business as a whole: revenue, time in business, bank activity and any open positions. Say what the money is for and how it will be repaid; a specific plan makes the file easier to read.
Plan twelve months of costs and a conservative revenue ramp. Fund the shortfall and a cushion of one to two months of fixed costs.
An illustration. These are illustrative figures to show the arithmetic, not an offer.
| Item | Illustration |
|---|---|
| Fixed costs for 12 months | $180,000 |
| Revenue ramp over the year (conservative) | $132,000 |
| Shortfall | $48,000 |
| Cushion (2 months of fixed costs) | $30,000 |
Match the structure to the shape of the need. A one-time, defined cost fits a lump sum or a term loan; a recurring or uncertain need fits a line you draw and repay.
Draw as the ramp requires; cost follows use. See the page →
A single lump sum if the plan is defined. See the page →
Taking on obligations before there is a payment history. Funding is available once there are consistent deposits.
Sole proprietors can apply. The minimum FICO is 500, and the better your credit, the better your offer. See the published requirements.
Published tiers start at six months in business and look at consistent deposits and bank activity. 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.
