1. 01Declined
  2. 02Behind
  3. 03Stacked
  4. 04Getting out
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Situations

Help is arranged around what you're going through, not what we sell. Start with the situation closest to yours.

I was declined

Being declined tells you something; it doesn't pass judgment on your business. Nearly every decline traces back to one of five causes, and each has a fix or a way around it.

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I'm behind on payments

Falling behind on advance remittances is serious, but it can also be negotiated. The next few business days matter more than whatever has already happened.

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I have more than one advance

Two positions can be fine. A profitable business runs dry when it has three or more, each one taken on to carry the one before. Getting out begins with a single honest table.

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I want out

You have five ways to get out of a merchant cash advance: pay down the balance, clear it early, refinance, settle, or let it run its course. Every option comes at a price, and not all of those prices are paid in dollars.

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I was declined

You were declined. This is what it means, and what it doesn't.

Being declined tells you something; it doesn't pass judgment on your business. Nearly every decline traces back to one of five causes, and each has a fix or a way around it.

First, in order

  1. Get the reason for the decision in writing Banks and funders will typically name the rule you didn't meet, whether it's time in business, deposits, NSF days, an open position or credit. Which one it was shapes the fix.
  2. Gather your bank statements from the past three months and tally the NSF days and the days spent below zero An underwriter counted exactly that. Going past three or four in a month is the most common reason nobody mentions.
  3. Hold off on applying everywhere at the same time Twelve applications in one week reads as distress to the next underwriter, and it can set off hard credit pulls you never needed.
  4. Ask yourself whether you still need the money on the same schedule When a bank or SBA lender could give you a yes in six weeks and the need can wait, that route costs less.

Want to talk it through? Reach a person.

I'm behind on payments

Your daily or weekly payments have fallen behind. These are the steps to take before another draft goes through.

Falling behind on advance remittances is serious, but it can also be negotiated. The next few business days matter more than whatever has already happened.

First, in order

  1. Go through your agreement's default and reconciliation sections today Find out if there's a confession of judgment, which state's law governs, and if revenue-based reconciliation is included.
  2. Reach out to the funder before the third missed draft, not once it's happened — Most funders would rather adjust the daily amount than start collections. That conversation gets harder once a notice has gone out.
  3. Find the true figure: everything you remit each day as a share of your average daily deposits Once it passes about 15–20%, most businesses can't keep up. That figure tells you whether a restructure will do or something bigger has to change.
  4. Do not take a new advance to cover the old one — Stacking turns a cash-flow problem into an insolvency problem within a few months.
  5. If a notice, UCC lien or lawsuit arrives, talk to an attorney that week — Deadlines in judgment and lien matters are short, and some defences disappear if you miss them.

Want to talk it through? Reach a person.

I have more than one advance

You have more than one advance open. This is how to see the full picture and what brings it down.

Two positions can be fine. A profitable business runs dry when it has three or more, each one taken on to carry the one before. Getting out begins with a single honest table.

First, in order

  1. Write down every position: the funder, the date, what you received, the total purchased amount, the daily or weekly draft, and what's left — Owners almost never have this in one place. Without it, no one, whether you, a partner or an attorney, can say what your real options are.
  2. Total the daily load, then divide it by what you deposit on an average day — That share is the whole story. Below 10% you can manage, 10–20% is tight, and anything over 20% calls for a change now.
  3. Look through every agreement for a clause that bans stacking A new advance could already put you in breach of an earlier one, and that shifts what's safe to do from here.
  4. Sort your positions by their carrying cost and their end date A few finish within weeks, and simply letting them run off could help more than a refinance.

Want to talk it through? Reach a person.

I want out

You want out of your advance. Every way out is here, along with what each one really costs.

You have five ways to get out of a merchant cash advance: pay down the balance, clear it early, refinance, settle, or let it run its course. Every option comes at a price, and not all of those prices are paid in dollars.

First, in order

  1. Look in your agreement for the purchased amount still owed and any discount for paying early Because a factor rate does not change, paying off early gets you nothing back unless the agreement spells out a discount. Plenty of agreements include one, yet most owners never think to ask.
  2. Request a payoff letter from the funder The letter gives the exact figure and the date it holds until. Anything else is guesswork.
  3. Weigh what the payoff costs against what its replacement would cost If a refinance costs more over its life than what's left on the advance, it isn't a way out; it just stretches your stay.
  4. Decide whether the real goal is a lower daily amount or being done — They lead to different options. Say which one you want before anyone sells you either.

Want to talk it through? Reach a person.

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