
Reliant Funding Merchant Cash Advance
in Merchant Cash Advance from Reliant Funding
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Factor Rate | N/A |
Loan Amount | $5,000 - $250,000 |
Minimum Revenue | $120,000 |
APR (Fee or Charge Based Product) | N/A |
Reliant Funding Merchant Cash Advance Review
Reliant Funding Merchant Cash Advance is offered by Reliant Funding, a marketplace lending platform founded in 2007 and based in Melville, NY. Reliant Funding Merchant Cash Advance is available in 50 states (and Washington, DC).
What APRs does Reliant Funding Merchant Cash Advance offer?
Does Reliant Funding Merchant Cash Advance charge prepayment fees?
Yes, Reliant Funding Merchant Cash Advance charges additional fees to borrowers who pay off their Reliant Funding Merchant Cash Advance 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 Reliant Funding Merchant Cash Advance early.How much cash can you advance from Reliant Funding Merchant Cash Advance?
Cash advance amounts start at $5,000 and go up to $250,000.
What types of repayment method does Reliant Funding Merchant Cash Advance accept?
Reliant Funding Merchant Cash Advance accepts the following repayment method from the Merchant:
- Split withholding
- ACH withholding
How often does Reliant Funding Merchant Cash Advance process payments?
Reliant Funding Merchant Cash Advance processes payments daily based on your business's credit card transactions. This means that a percentage of your transactions will automatically be sent to Reliant Funding Merchant Cash Advance as payment for your cash advance until the full amount is paid.
Does Reliant Funding Merchant Cash Advance charge an origination fee?
Yes, Reliant Funding Merchant Cash Advance charges a origination fee.
What is the minimum repayment amount required by Reliant Funding Merchant Cash Advance?
There is no minimum repayment ammount.
What is the estimated funding time for a merchant cash advance via Reliant Funding Merchant Cash Advance?
Reliant Funding Merchant Cash Advance can approve (or deny) a merchant cash advance application within 1 hour and fund your merchant cash advance within 1 business day of approval.
What are the business financing requirements for Reliant Funding Merchant Cash Advance?
To apply for Reliant Funding Merchant Cash Advance, you need to provide the following business documentation:
- Business license
- Business bank account
What do you need to qualify for Reliant Funding Merchant Cash Advance?
When it comes to credit scores, Reliant Funding doesn't have a set minimum or maximum. People with all types of credit can apply. The minimum age to be eligible is 18 or the state minimum, whichever is higher.
Reliant Funding Merchant Cash Advance 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. Active duty service members and their covered dependents are eligible to apply for a loan via Reliant Funding Merchant Cash Advance. Their rates fall within the limits of The Military Lending Act.
U.S. citizens are, of course, eligible for the services offered by Reliant Funding Merchant Cash Advance. Permanent resident / green card holders are also eligible to apply.
To qualify, applicants may need to provide the following documentation:
- Proof of income
- Business formation documents
- Proof of identity
What limitations does Reliant Funding Merchant Cash Advance set on the purpose of the merchant cash advance?
Reliant Funding Merchant Cash Advance 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
Contact
- Headquarters
-
525 Broadhollow Road
Suite 200
Melville, NY 11747 - Visit Site
Other Services by Reliant Funding
Availability
- 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 |
|
Credit Score Range | 300 - 850 |
Immigration Status Considered |
|
Military Status |
|
Minimum Age | 18 |
Minimum Months in Business | 6 |
Minimum Revenue | $120,000 |
Verification Documents Required |
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