Wall Street Funding Business Cash Advance Review

Wall Street Funding Business Cash Advance is offered by Wall Street Funding, a direct lender founded in 2009 and based in New York, NY. Wall Street Funding Business Cash Advance is available in 50 states (and Washington, DC).

What APRs does Wall Street Funding Business Cash Advance offer?

The cost of merchant cash advances is typically marketed as a factor rate, not an APR. Wall Street Funding offers merchant cash advance with a factor rate starting from 1.079 to 1.45. The higher the factor rate, the higher the fees. For example, an advance of $20,000 with a factor rate of 1.5 will have a total repayment of $30,000, which includes $10,000 in fees.

Does Wall Street Funding Business Cash Advance charge prepayment fees?

No, Wall Street Funding Business Cash Advance does not charge prepayment fees. This means you will not have to pay additional fees if you decide to pay the Wall Street Funding Business Cash Advance off early.

How much cash can you advance from Wall Street Funding Business Cash Advance?

Cash advance amounts start at $3,000 and go up to $750,000.

What types of repayment method does Wall Street Funding Business Cash Advance accept?

Wall Street Funding Business Cash Advance accepts the following repayment method from the Merchant:

• Split withholding
• ACH withholding

How often does Wall Street Funding Business Cash Advance process payments?

Wall Street Funding Business 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 Wall Street Funding Business Cash Advance as payment for your cash advance until the full amount is paid.

Does Wall Street Funding Business Cash Advance charge an origination fee?

Yes, Wall Street Funding Business Cash Advance charges a origination fee.

What is the minimum repayment amount required by Wall Street Funding Business Cash Advance?

There is no minimum repayment ammount.

What is the estimated funding time for a merchant cash advance via Wall Street Funding Business Cash Advance?

Wall Street Funding Business Cash Advance can approve (or deny) a merchant cash advance application within 24 hours and fund your merchant cash advance within 3 business days of approval.

What are the business financing requirements for Wall Street Funding Business Cash Advance?

To apply for Wall Street Funding Business Cash Advance, you need to provide the following business documentation:

• Business license
• Business bank account

What do you need to qualify for Wall Street Funding Business Cash Advance?

When it comes to credit scores, Wall Street Funding doesn't have a set minimum or maximum. People with all types of credit scores can apply.

Wall Street Funding Business 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. APRs for the Wall Street Funding Business Cash Advance 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 Wall Street Funding Business 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
• Recent bank statements
• Business formation documents
• Proof of identity
• U.S. tax identification number

What limitations does Wall Street Funding Business Cash Advance set on the purpose of the merchant cash advance?

Wall Street Funding Business 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