Use of funds
Cost of materials and labour to redo the work, plus any customer credit.
✓ 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 bad batch, a failed install or a spec change means redoing work at your cost. The original invoice is paid; the rework is not.
The review is of the business as a whole: revenue, time in business, bank activity and any open positions. Say what the money is for and how it will be repaid; a specific plan makes the file easier to read.
Cost of materials and labour to redo the work, plus any customer credit. Use the actual rework cost, not the original job value.
An illustration. These are illustrative figures to show the arithmetic, not an offer.
| Item | Illustration |
|---|---|
| Rework labour | $9,000 |
| Replacement materials | $11,500 |
| Customer credit | $4,000 |
| Total | $24,500 |
Match the structure to the shape of the need. A one-time, defined cost fits a lump sum or a term loan; a recurring or uncertain need fits a line you draw and repay.
A lump sum for the rework period. See the page →
Draw as rework jobs happen. See the page →
Absorbing a pattern of rework. If it repeats, fix the process first.
Sole proprietors can apply. The minimum FICO is 500, and the better your credit, the better your offer. See the published requirements.
It is working capital; the review is of your business as a whole. 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.
