Frequently Asked Questions
Answers about revenue-based financing, the application, and funding.
How do I get an offer?
Complete a short application and submit your most recent 4 months of business bank statements. We review them and prepare an offer for you to consider.
Why 4 months of bank statements?
Revenue-based financing offers are based on your business’s actual cash flow. Your recent statements show consistent deposit activity, which is what we use to prepare an offer — rather than a large document packet.
Is revenue-based financing a loan?
No. Revenue-based financing is the purchase of a portion of your business’s future receivables in exchange for funds today. Remittances are structured in relation to your revenue, and the specifics are set out in your agreement.
How fast will I be funded?
Deals are typically funded within 48 business hours, depending on execution of documents by the merchant and bank processing times. Funds are not guaranteed next day, and timing can vary with banking schedules and verification.
Will checking my options affect my credit?
Our offers are based on a review of your business bank statements. Checking what may be available is a low-friction first step; finalizing funding may require additional verification or documentation. We’ll be clear about what’s needed.
Is approval guaranteed?
No. Approval, funded amounts, and terms are always subject to review of your submitted documentation and are not guaranteed. Not all products are available in all states.
How much can I get and what will it cost?
There are no one-size-fits-all figures. The funded amount, factor, remittance schedule, and term are determined during review and set out in your agreement. We don’t quote numbers before reviewing your statements.
I’m an ISO — how do I submit deals?
Email our partnerships team at info@nextdayadvance.com with the merchant’s details and 4 months of statements. See the ISO Partnerships page for more.