Plain answers

You repay a fixed total, called the total payback: the advance multiplied by a factor rate, usually between 1.25 and 1.60. For example, $50,000 at 1.30 means a total payback of $65,000 and a cost of funds of $15,000, about $344 a business day over 9 months. Fees can reduce the amount deposited, so we show the net deposit too. Illustrative only: real offers vary by funding partner.

No. A factor rate is a one-time multiplier on the amount advanced, not a yearly rate. Your total payback is fixed when you sign, so we compare offers in dollars: what you repay, and how quickly.

Some funding partners charge an origination fee, which is their charge for setting up the advance. It varies by funding partner and is usually taken out of the advance, so $50,000 approved does not always mean $50,000 deposited. We add it to the cost of funds so you see the all-in cost in dollars, and we show the net deposit next to the total payback.

Only if your agreement allows it. Total payback is fixed at signing, so paying early helps only when the agreement has an early-payoff discount. Check before you sign, and we can ask the funding partner for you.

If the bank can fund you in time, it will usually cost less. We'll tell you. An advance makes the most sense when you need funding sooner than a bank can offer, or a bank is not an option for your business.

A typical fit has been in business 6 months or more, takes about $10,000 or more in monthly sales, has regular deposits and has a clear use for the funds. That is typical, not universal. Each funding partner sets its own criteria.

No. Approval is never guaranteed. A funding partner makes the final decision, and not every application gets an offer.

Answering our questions does not involve a credit check. Funding partners may check credit as part of their review, and they will tell you how. Credit is one factor among several, alongside deposits and time in business.

To start, a few details about your business: how long you've traded, your monthly sales and what the funds are for. Later, a funding partner will usually ask for recent business bank statements, photo ID and a list of any advances you already pay. We tell you what is needed and how to send it.

Bank statements are sensitive financial information, and email is not a safe way to send them. We tell you the secure way to send documents before we ask for any. Please do not email them or put them in a web form.

You can still ask us for general guidance. If an advance is unlikely to fit, we'll say so and point to other routes, such as a bank, or building more trading history first.

Funding often arrives 24 to 72 hours after a complete file, depending on the funding partner. It is never guaranteed. Missing bank statements are the most common cause of delay, so have them ready.

It is a short conversation. We confirm your details, ask about your sales and any advances you already pay, and explain what an advance would likely cost in dollars. You can stop at any point.

We look at what you already pay before anything else. Funding partners count existing advances when they review a file, and some will not fund a business that is already stretched. What you can take on depends on how large your current payments are against your sales.

Only if it makes sense for your cash flow, and we look at what you already pay first. Another payment from the same sales can strain cash flow, costs compound, and some agreements forbid a second advance and treat it as a breach. We won't push one.

There are two common ways. With a holdback, a share of your daily card sales goes to the funding partner. With a fixed payment, the same amount is debited from your bank account each business day or each week. Your offer shows which one applies.

With a holdback, payments fall when your sales fall. Fixed payments do not, so a slow week can strain your cash flow. If sales drop, talk to your funding partner early.

Often, yes. A personal guarantee makes you personally responsible for the amount owed, not only the business. Read it carefully before you sign, and ask us or a lawyer about anything unclear.

We do, along with the funding partners we send your file to, with your permission, and the service providers that help us run the site and keep our records. We don't sell your information. See the privacy policy for the detail.

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