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  Wall Street Funding Business Cash Advance

Wall Street Funding Business Cash Advance

in Merchant Cash Advance from Wall Street Funding

Unaffiliated

Wall Street Funding Business Cash Advance

Unaffiliated

in Merchant Cash Advance from Wall Street Funding

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Highlights
Factor Rate 1.079 - 1.45
Loan Amount $3,000 - $750,000
Minimum Revenue $120,000
APR  (Fee or Charge Based Product) 7.9% - 45%

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).

Wall Street Funding Business Cash Advance FAQ

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.

However, we ran the numbers and we estimate it has an equivalent APR that ranges from 7.9% APR up to 45% APR.

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
SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

  • Headquarters
  •   30 Broad Street
    14th Floor
    New York, NY 10004
  •   Visit Site

Other Services by Wall Street Funding

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

Application Fee $0
No Prepayment Fee
Business Financing Requirements
  • Business License
  • Business Bank Account
Credit Score Range 300 - 850
Immigration Status Considered
  • U.S. Citizen
  • U.S. Permanent Resident
Military Status
  • Non-Military
  • Veterans
Minimum Months in Business 3
Minimum Revenue $120,000
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
Collateral Requirement Unsecured
Intended Use of Funds
  • Equipment Purchase
  • Lease Improvements
  • New Location
  • Product or Service Expansion
  • Working Capital
  • Business Debt Refinance
  • Inventory
  • Payroll
  • Hiring
  • Technology Investment
Approval Speed 24 hours
Credit Bureau Reporting
  • Experian
  • Equifax
  • TransUnion
Funding Time Range Starting at 3 days
Payment Frequency Daily
Payment Options Automatic Payments
Repayment Methods
  • Split Withholding
  • ACH Withholding
APR (Fee or Charge Based Product) 7.9% - 45%
Factor Rate 1.079 - 1.45
Loan Amount $3,000 - $750,000
Loan Term 4 - 36 months

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