Use of funds
Hardware, installation, monthly fees for the first year, and staff training time.
✓ 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 better terminal, kiosk or handheld ordering system raises ticket size and speeds the line, but it is a cash outlay and a change in how the shop runs.
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.
Hardware, installation, monthly fees for the first year, and staff training time. Compare against the expected increase in average ticket or covers.
An illustration. These are illustrative figures to show the arithmetic, not an offer.
| Item | Illustration |
|---|---|
| Hardware and installation | $9,000 |
| Software fees, first year | $3,600 |
| Total first-year cost | $12,600 |
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.
Hardware often qualifies as equipment. See the page →
For the installation and the first months of software fees. See the page →
Skipping training. A system that staff use badly delivers little of the gain.
Sole proprietors can apply. The minimum FICO is 500, and the better your credit, the better your offer. See the published requirements.
Often, yes; the review is of the business, not the hardware, and the structure follows the amount. 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.
