Use of funds
Use the filing amount for the period, plus any prior-period balance and penalty.
✓ 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.
Sales tax is money collected on behalf of the state, but it is often spent along with everything else during a busy month. When the filing comes due, the cash is simply not there.
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 filing amount for the period, plus any prior-period balance and penalty. Keep a separate sales-tax account going forward so the next period does not repeat the problem.
An illustration. These are illustrative figures to show the arithmetic, not an offer.
| Item | Illustration |
|---|---|
| Monthly sales tax collected | $9,500 |
| Months in arrears | 2 |
| Total due | $19,000 |
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 for the filing and repay across the next billing cycles. See the page →
If the arrears span more than one period, a fixed schedule makes the repayment predictable. See the page →
Treating sales tax as working capital. A recurring shortfall means the cash is being spent, not set aside.
Sole proprietors can apply. The minimum FICO is 500, and the better your credit, the better your offer. See the published requirements.
Often yes if the file supports it; what matters is bank activity and revenue. Tell us the amounts and dates so the right structure can be chosen. 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.
