Use of funds
Use the written repair estimate plus the daily cost of downtime for the repair days.
✓ 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 delivery van, service truck or tractor that is down earns nothing and costs a daily replacement rental. The repair is rarely optional and the invoice is never planned.
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 written repair estimate plus the daily cost of downtime for the repair days. If repair costs approach replacement value, compare the two before funding.
An illustration. These are illustrative figures to show the arithmetic, not an offer.
| Item | Illustration |
|---|---|
| Repair estimate | $14,500 |
| Downtime days | 6 |
| Cost of downtime per day | $450 |
| Total at stake | $17,200 |
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 fast lump sum paid straight to the repair. See the page →
If the repair is a major rebuild or a replacement. See the page →
Funding a repair that approaches replacement value without comparing the two.
Sole proprietors can apply. The minimum FICO is 500, and the better your credit, the better your offer. See the published requirements.
A decision is typically same day and funding usually the next business day. 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.
