Use of funds
Total the eligible costs incurred, less any advance.
✓ 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.
Grants, government contracts and cost-reimbursement programmes pay after documentation is submitted and reviewed. The costs are incurred first.
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.
Total the eligible costs incurred, less any advance. Add the expected review period as the length of the bridge.
An illustration. These are illustrative figures to show the arithmetic, not an offer.
| Item | Illustration |
|---|---|
| Eligible costs incurred | $64,000 |
| Advance received | $15,000 |
| Reimbursement expected in | 60 days |
| Bridge needed | $49,000 |
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.
Draw as costs are incurred and repay on reimbursement. See the page →
If the payer is a creditworthy agency, selling the approved invoice can work. See the page →
Funding costs that the programme might later disallow. Confirm eligibility in writing.
Sole proprietors can apply. The minimum FICO is 500, and the better your credit, the better your offer. See the published requirements.
Size for the longer end of the review period and keep documentation complete to avoid delays. 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.
