Use of funds
For each billing stage, take the subcontractor cost incurred and the date they must be paid, minus any client deposit.
✓ 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 project bills in stages and the client pays 30 to 60 days after approval. The subcontractors who did the work expect payment in a week or two, and the general contractor carries the gap.
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.
For each billing stage, take the subcontractor cost incurred and the date they must be paid, minus any client deposit. The gap is the sum across the open stages.
An illustration. These are illustrative figures to show the arithmetic, not an offer.
| Item | Illustration |
|---|---|
| Stage billing | $60,000 |
| Subcontractor cost this stage | $38,000 |
| Client payment expected in | 45 days |
| Subs due in | 14 days |
| Gap | $38,000 |
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.
Draw per stage and repay when the client pays. See the page →
Sell the approved invoice and shorten the wait. See the page →
A lump sum for a project with a known schedule. See the page →
Paying subs from the retainage the client holds back. Retainage can be months; plan for it explicitly.
Sole proprietors can apply. The minimum FICO is 500, and the better your credit, the better your offer. See the published requirements.
Size the funding for the full 60 days, not 30. A shorter product used for longer than planned is the usual source of trouble. 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.
