FAQ

Fast Credit Funding is an alternative lending company that discovered traditional financial institutions were not meeting the capital needs of small sized businesses. Traditional funding methods through banks and credit unions have inconvenient and drawn out lending processes that can take months, with an approval rating that is extremely low; Fast Credit Funding found a simple solution. With us, you'll receive a financing solution that's tailored to your unique business needs. Whether your business needs Working Capital or Equipment Leasing, we have your back.

In as little as 10 minutes, complete our online application and receive a same day decision! Funds are transferred within 24-48 hours from the time your application is approved. Simple as that.

To qualify, your business must meet the following requirements:
- 6+ months in business
- $300K minimum in annual revenue
- 600+ personal FICO score
- 480+ CFN score
- Brick and Mortar location; For Profit business
- Applicant(s) must consist of 51% ownership

In most cases, we provide same day decisions on completed applications.

Our business advances are unsecured and can be used for any business purpose needed.

Generally, funds can be deposited into your account within 24-48 hours.

Rates are based on our proprietary underwriting process. Our underwriting team considers affordability, credit scores, and financial analysis.

We provide capital for many industries - including non-traditional businesses that typically have issues sourcing traditional funding.
We are currently unable to provide capital for the following industries:
- Non-profits
- Financial Services
- Towing Companies
- Legal Services
- Insurance
- Real Estate
- Consulting Services
- Home-based businesses

Fast Credit Funding advances are unsecured.

Your success is our success!
We debit merchant cash advance payments as a percentage of your future sales, which means that we only get paid once you get paid. You’ll never have to pay more than you can afford if, for example, sales are slower one month.

Approved today, cash tomorrow!
We cut straight to the point. If you need a lump sum of money fast to snap up a good business opportunity, you can count on us to have the money in your bank account within 24 hours of approval!

We see potential, not credit scores!
At Fast Credit Funding, we base our decision on your business performance, not your business credit history. As long as you process your sales through card transactions and sales are consistent, you have a 90% chance of approval.

Fast funding – Time is money, and you have none to waste
Conventional loans require extensive credit and affordability checks and lots of paperwork. Even once you’ve completed the application process, there is a long review period and approval rates are low. However, with merchant loans from Fast Credit Funding, all you need to do is fill out a quick online application form.

Affordable repayments – We get paid when you get paid
The most significant advantage that merchant cash advances has over traditional bank loans is that the repayments fluctuate according to your income. This means that your repayments are always in proportion to your cash flow. Meanwhile, traditional bank loan repayments are fixed and rigid. If business is slow for one month, you’ll still need to repay the same amount, regardless of whether your income is lower.

Bad credit compatible – We don’t judge you by your credit score
Unlike banks and conventional lenders, we don’t care about your credit score; we care about how your business is performing. Even if your company has had trouble repaying credit in the past, you still have a very high chance of approval as long as you have a steady flow of card sales.

Easy early repayment – Settle when you want with no penalty
Another benefit of a merchant cash advance loans vs. a small business loan is that you’re free to settle your obligation whenever you want with no charges or fines.
It’s important to mention that merchant cash advances are not cheaper than other small business loans. Still, if you need fast funds, it can be a safe and affordable option for your business.

Merchant Cash Advance Calculator
A merchant cash advance calculator can help you calculate the cost of your merchant cash advance. Often it can be difficult to understand the fees and repayments when applying for merchant cash advances. However, calculating your repayments with the use of a calculator can make your life much easier.

How to calculate merchant cash advance factor fees
Let’s say Pete gets a $30,000 cash advance at a 1.20 factor rate. Pete wants to work out how much he will pay back to the merchant cash advance provider. All he needs to do is multiply the cash advance by the factor rate. So, in Pete’s example the calculation is $30,000 X 1.20 = $36,000. Pete would need to pay back $36,000 to the merchant cash advance provider. That means the merchant cash advance has cost Pete $6,000.

Applying for a business cash advance is easy, straightforward, and 100% online. Our ‘zero commitment policy’ means that even after you are approved, you don’t need to complete the process if you don’t want to.

Once your cash advance request is approved, we’ll transfer the entire amount into your business bank account. There are two main ways you can pay back a business cash advance:

Using ACH payments – We wait for your credit card sales to deposit into your bank account, then debit the agreed % of sales by automatic debit transfer.

Using your card processing company – We’ll ask your business to use one of our preferred credit card processing machines. At the end of every day, a small percentage of your daily transactions are automatically debited until your advance is paid off.

With Fast Credit Funding, every business is paired with a dedicated account manager to help them through the process from start to finish. We also provide your business with a secure online portal where you can track your account status from the application stage until the advance is paid off.