Question 1

How is an advance different from a loan?

Accepted Answer

It isn't one. You sell a set amount of future receivables at a discount. Pricing is a factor rate agreed before signing, and collection follows your sales rather than a fixed monthly bill.

Question 2

What will this cost me?

Accepted Answer

Factor rates generally run 1.15 to 1.49 based on time in business, deposit consistency, sector, and term length. On a $50,000 advance priced at 1.25, total remittance is $62,500 — and the full figure is agreed in writing before you commit.

Question 3

Does bad credit kill the deal?

Accepted Answer

Almost never. Deposits and revenue trends drive the decision. Businesses with sub-600 scores — including ones turned down elsewhere — get funded here every week.

Question 4

How quickly does money arrive?

Accepted Answer

Same-day decisions are the norm on completed files, and wiring typically happens 24 to 48 hours after contracts are signed.

Question 5

What should I have ready?

Accepted Answer

A short application, your last three bank statements, and a voided check. Larger requests may add a sixth statement, a P&L, or a receivables aging report.

Question 6

Can I come back for more capital?

Accepted Answer

Yes. Once about half the position has been collected you're generally eligible for more, often at better pricing after a clean track record with us.

Question 7

What if I want to settle early?

Accepted Answer

There's no penalty, and most programs carry an early-settlement discount. Ask your account manager for the figure in writing before you pay off.

Question 8

Do I pledge collateral or sign a personal guarantee?

Accepted Answer

Advances are unsecured; a performance guarantee is typical rather than a blanket personal guarantee of repayment. Equipment deals are secured by the equipment only.

Answers before you sign anything

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