Use of funds
Use the amount on the notice or return, plus any penalty and interest shown.
✓ 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.
Payroll taxes are held in trust and carry penalties and interest when late. A quarter that ran tight, a seasonal dip or a missed estimate can leave a bill larger than the account.
A funder reading a request like this looks at the business, not just the purpose: deposits and their consistency, average daily balance, negative days and any open advances. A clear, specific use with a defined amount reads better than a general request.
Use the amount on the notice or return, plus any penalty and interest shown. Do not size on a hope that the amount will be reduced; fund the bill, then work on reducing it separately.
An illustration. These are illustrative figures to show the arithmetic, not an offer.
| Item | Illustration |
|---|---|
| Quarterly payroll tax liability | $18,000 |
| Penalty and interest if one month late (example) | $900 |
| Cost of a short bridge for one month (example) | compare against the penalty above |
The cheapest structure is usually the one that is outstanding for the fewest days. Fund the gap, not the whole year, and prefer a schedule you can see before you sign.
A single lump sum paid straight to the obligation. See the page →
Draw the amount and repay as the next deposits arrive. See the page →
Delaying the payment while waiting for a financing decision; penalties accrue daily. Also, financing a recurring shortfall repeatedly points to pricing or cost problems that capital will not fix.
Sole proprietors can apply. The minimum FICO is 500, and the better your credit, the better your offer. See the published requirements.
Compare the total dollars. A tax authority instalment plan can be cheaper than a financing product, but it can also come with liens or restrictions; ask your accountant which fits. 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.
