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  Commercial Finance Partners Merchant Funding

Commercial Finance Partners Merchant Funding

in Merchant Cash Advance from Commercial Finance Partners

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Commercial Finance Partners Merchant Funding

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in Merchant Cash Advance from Commercial Finance Partners

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Commercial Finance Partners Merchant Funding Review

Commercial Finance Partners Merchant Funding is offered by Commercial Finance Partners, a marketplace lending platform founded in 2014 and based in Boca Raton, FL. Commercial Finance Partners Merchant Funding is available in 50 states (and Washington, DC).

Commercial Finance Partners Merchant Funding FAQ

Does Commercial Finance Partners Merchant Funding charge prepayment fees?

Yes, Commercial Finance Partners Merchant Funding charges additional fees to borrowers who pay off their Commercial Finance Partners Merchant Funding sooner than anticipated. Take this into consideration when choosing a lender because prepayment penalties can reduce or even cancel the interest savings of repaying a Commercial Finance Partners Merchant Funding early.

What types of repayment method does Commercial Finance Partners Merchant Funding accept?

Commercial Finance Partners Merchant Funding accepts the following repayment method from the Merchant:

  • Split withholding
  • ACH withholding

How often does Commercial Finance Partners Merchant Funding process payments?

Commercial Finance Partners Merchant Funding processes payments daily based on your business's credit card transactions. This means that a percentage of your transactions will automatically be sent to Commercial Finance Partners Merchant Funding as payment for your cash advance until the full amount is paid.

Does Commercial Finance Partners Merchant Funding charge an origination fee?

Yes, Commercial Finance Partners Merchant Funding charges a origination fee.

What is the minimum repayment amount required by Commercial Finance Partners Merchant Funding?

There is no minimum repayment ammount.

What are the business financing requirements for Commercial Finance Partners Merchant Funding?

To apply for Commercial Finance Partners Merchant Funding, you need to provide the following business documentation:

  • Business license
  • Business bank account

What do you need to qualify for Commercial Finance Partners Merchant Funding?

Commercial Finance Partners Merchant Funding does not require or does not disclose a credit score minimum. The minimum age to be eligible is 18 or the state minimum, whichever is higher.

Commercial Finance Partners Merchant Funding does not have or does not disclose a minimum annual income eligibility requirement.

The Military Lending Act (32 C.F.R. § 232) prohibits lenders from charging service members more than 36% APR on credit extended to covered borrowers. APRs for the Commercial Finance Partners Merchant Funding product fall outside of the MLA limits, and as a result, the product cannot be issued to these applicants. Active duty service members and their covered dependents are considered “covered borrowers" under the Military Lending Act.

U.S. citizens are, of course, eligible for the services offered by Commercial Finance Partners Merchant Funding. Permanent resident / green card holders are also eligible to apply.

To qualify, applicants may need to provide the following documentation:

  • Proof of income
  • Recent bank statements
  • Business formation documents
  • Proof of identity
  • U.S. tax identification number

What limitations does Commercial Finance Partners Merchant Funding set on the purpose of the merchant cash advance?

Commercial Finance Partners Merchant Funding considers merchant cash advance applications for business purposes, such as:

  • Business debt refinance
  • Equipment purchase
  • Hiring
  • Inventory
  • Lease improvement
  • New location
  • Payroll
  • Product or service expansion
  • Technology investment
  • Working capital
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Contact

Hours of Operation

  • Sunday Closed
  • Monday 9:00am - 5:00pm
  • Tuesday 9:00am - 5:00pm
  • Wednesday 9:00am - 5:00pm
  • Thursday 9:00am - 5:00pm
  • Friday 9:00am - 5:00pm
  • Saturday Closed

Other Services by Commercial Finance Partners

Availability

  Available in 50 states and Washington, D.C.
  • Alabama
  • Alaska
  • Arizona
  • Arkansas
  • California
  • Colorado
  • Connecticut
  • Delaware
  • Washington, DC
  • Florida
  • Georgia
  • Hawaii
  • Idaho
  • Illinois
  • Indiana
  • Iowa
  • Kansas
  • Kentucky
  • Louisiana
  • Maine
  • Maryland
  • Massachusetts
  • Michigan
  • Minnesota
  • Mississippi
  • Missouri
  • Montana
  • Nebraska
  • Nevada
  • New Hampshire
  • New Jersey
  • New Mexico
  • New York
  • North Carolina
  • North Dakota
  • Ohio
  • Oklahoma
  • Oregon
  • Pennsylvania
  • Rhode Island
  • South Carolina
  • South Dakota
  • Tennessee
  • Texas
  • Utah
  • Vermont
  • Virginia
  • Washington
  • West Virginia
  • Wisconsin
  • Wyoming

Feature Breakdown

Business Financing Requirements
  • Business License
  • Business Bank Account
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Military Status
  • Non-Military
  • Veterans
Minimum Age 18
Verification Documents Required
  • Proof of Income
  • Proof of Identity
  • Business Formation Documents
  • U.S. Tax Identification Number
  • Recent Bank Statements
  • Social Security Number
  • Business Tax Return
  • Employer Identification Number
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Payment Frequency Daily
Payment Options Automatic Payments
Repayment Methods
  • Split Withholding
  • ACH Withholding

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