Frequently Asked Questions

Whether you need working capital or want take advantage of business opportunities, learn how 1st Merchant Funding can help you succeed. If you want to speak with a live person please don’t hesitate to call us at 1-866-710-2265 M-F 9am – 6pm EST.

Who is 1st Merchant Funding? How do they help small businesses?

1st Merchant Funding was founded in 2007 with one mission – make it quick and easy for small businesses to get funds to grow their business.

By providing a simple way to apply online in just a few minutes – and business funding in as little as one business day – we’ve helped thousands of small businesses access capital to grow and thrive.

How much capital can I get?

We offer customized funding options from $5,000 to $250,000. Unlike traditional lenders and banks, we look at your real-time business data and not solely your personal credit score to make a funding decision.

How long does it take to get approved?

When you apply online or by phone, we can usually provide an instant decision for requests up to $35,000. For higher amounts, less than one business day. We make the process fast and easy – no red tape or long waits.

How long does it take to gets funds?

Once approved, we can usually deposit funds into your bank account as quickly as one business day.

Does my credit score matter?

Our minimum personal credit score requirement is 500+. Unlike many banks and lenders, we review your business performance and revenues to approve your request, and not solely your personal credit score.

Is personal collateral required?

No. Only business collateral is required.

How can I use my funds?

Use your funds for almost anything to grow your business! Add working capital, invest in new equipment, buy inventory, advertise, hire staff, open a new location, or meet virtually any other business need.

Are there any application fees?

No. Apply free with no obligation.

How do I repay funds?

We offer plenty of customized options. In some cases, repayment is flexible – based on a set percentage of your daily business revenues or credit card receipts, which can help you better manage cash flow. Other options allow for a fixed repayment schedule.

What types of small businesses does 1st Merchant Funding help?

We serve retailers, service providers, mail order, e-commerce, restaurants, and many other businesses.

Can I talk to a 1st Merchant Funding representative by phone?

Absolutely. Call one of our dedicated in-house Customer Service Representatives at 1-866-710-2265. We’re available Monday through Friday from 9 am to 6 pm Eastern time.

What are the minimum qualification to apply?

Open for business 9+ months. At least $75,000+ in annual business revenue the past 12 months. 500+ Personal Credit Score.

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