Business Funding FAQ

A merchant cash advance is not a loan. It is the purchase of a portion of your future receivables for a lump sum today, repaid in fixed daily or weekly payments. Learn more in our merchant cash advance guide.

Funding ranges from $10,000 to $5,000,000, depending on your business.

Business funding usually means working capital such as a merchant cash advance. Business financing is the wider category that also includes lines of credit, equipment financing, invoice financing and more. Compare them on our business funding and business financing pages.

If you apply directly with us, you work with us, not a broker or middleman. Brokers and ISOs are welcome on our partners page.

At least 1 year in business and at least $5,000 in monthly revenue. Our in-house Direct Fund Program is built for businesses around $50,000 a month. Our marketplace program starts at $5,000 a month.

Our minimum credit score is 500. We use a soft credit pull only, so applying does not lower your score.

No collateral is required for our direct merchant cash advance. Read the written terms of any offer for any other requirements.

Yes. You will have a dedicated representative to guide you through your options.

Offers usually arrive in 1 to 5 hours on a complete file.

Funding is usually 24 to 48 hours for the whole process from application. See how it works.

Typically a short application and recent business bank statements. We keep paperwork minimal.

With a factor rate, not an interest rate. Our in-house Direct Fund Program uses factor rates of 1.25 to 1.49 for prime files and 1.309 to 1.499 for high risk files, with standard fees of 5 to 10%. Our marketplace program uses 1.22 to 1.499 with fees of 0 to 10%. See Transparent Terms.

With a fixed daily or weekly payment. The payment does not change from one week to the next.

Merchant cash advance terms are typically up to 10 months, sometimes up to 15. Our marketplace program offers terms up to 18 months.

Yes. Pay off in the first month and you receive 10% off the balance. Pay off in the second month and you receive 5% off the balance. The details are stated in your written agreement.

Yes. Use our funding calculator to see your total payback and payment.

Customers who have paid back 50% to 70% and are in good standing may qualify for a renewal. See our renewals page.

Yes, through partners. Terms are up to 12 months, funding is usually 24 to 48 hours, and you pay interest per draw, only on what you borrow. See lines of credit.

Yes, through specialized equipment finance partners. It is an equipment loan or lease, usually takes about 5 business days and terms go up to 10 years. See equipment financing.

Yes, through partners. See invoice financing and our home equity line of credit page.

Our office hours are Sunday to Thursday 8am to 11pm ET and Friday 8am to 5pm ET. A call center answers 24 hours a day. Call 1-866-737-6278 (866-Re-Smart).

2420 NE 186th St, Suite 401, North Miami Beach, FL 33160.