What the funding review looks at
The goal is to turn a broad capital need into a clear, complete request. These are the first details to organize:
Advance amount and purchased receivables
Record the current fact, the desired outcome and the document that can support the request.
Factor rate and estimated total repayment
Record the current fact, the desired outcome and the document that can support the request.
Daily or weekly remittance
Record the current fact, the desired outcome and the document that can support the request.
Cash-flow effect and stacking restrictions
Record the current fact, the desired outcome and the document that can support the request.
What this does not promise
A merchant cash advance can be expensive and is not the same as a traditional term loan. Review the complete agreement and cash-flow impact.
The next documented step
Use the Position Scan to name the business goal, requested capital and current context. Do not send bank passwords, Social Security numbers, complete account numbers or government-ID images through the public form.