Use of funds
Use the agreed valuation or the formula in the partnership agreement.
✓ 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 partner wants out, or the partnership no longer works. The buyout price is usually a lump sum, and the remaining owner carries the business and the obligation.
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.
Use the agreed valuation or the formula in the partnership agreement. Fund the cash portion; seller financing can cover the rest.
An illustration. These are illustrative figures to show the arithmetic, not an offer.
| Item | Illustration |
|---|---|
| Agreed buyout price | $180,000 |
| Seller financing portion | $80,000 |
| Cash needed at closing | $100,000 |
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 schedule if the business can carry it. See the page →
For a smaller buyout or a first instalment. See the page →
Overpaying relative to what the business can service. Stress-test the payment against a slow quarter.
Sole proprietors can apply. The minimum FICO is 500, and the better your credit, the better your offer. See the published requirements.
It depends on the business’s revenue and bank activity and on ownership rules; at least 50% ownership is required on the applicant. 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.
