Frequently asked questions

A merchant cash advance (MCA) is a form of business financing in which a funding provider purchases a portion of a business's eligible future receivables in exchange for an upfront sum. The business then remits an agreed percentage of sales or a fixed amount over time until the purchased amount has been delivered. MCAs are generally not structured as loans, and their terms are set by the funding provider.

You submit an application with information about your business, such as revenue, time in business and your financing needs. That information is reviewed and, where appropriate, shared with funding partners who may be able to help. If a partner can offer financing, they present an offer with their terms. You review the offer and decide whether to accept. Each provider has its own underwriting criteria and agreement.

Requirements vary by product and funding partner, but common items include recent business bank statements (often the last 3 to 6 months), government-issued identification for owners, business registration details and, for some products, financial statements, tax documents, equipment quotes or accounts receivable reports.

Yes, you can apply. Some funding partners place more weight on business performance and revenue than on credit scores alone, while others have stricter credit requirements. Credit is one of several factors, and applying does not guarantee approval.

Yes. Some funding partners will consider businesses with existing financing. Your current obligations, revenue and repayment history will be part of the review, and the outcome depends on each partner's criteria.

We work with businesses across a wide range of industries, including construction, transportation, restaurants, retail, healthcare, manufacturing, professional services and many more. Some funding partners have restrictions on certain industries, so eligibility varies.

Our online application is designed to be completed in a short sitting. Review and decision timelines depend on the completeness of your information, the product and the funding partner's process, so we don't promise specific timelines.

No. APX Funding is an independent commercial financing brokerage. We are not a bank or a direct lender. We work with third-party funding partners who make their own credit decisions and set their own terms.

It depends on the funding partner and product. Some partners use soft inquiries in their initial review, while others may perform a hard inquiry before issuing an offer. Ask us or the funding partner about the type of credit check before you authorize one.

Funding partners may charge fees as part of their financing terms, and some arrangements may include brokerage compensation. Any applicable fees and the total cost of financing should be disclosed in the offer and agreement. Review all terms carefully, and ask us if anything is unclear, before accepting.

Repayment amounts are set by the funding partner based on the product, the amount provided, the term and their assessment of your business. For merchant cash advances, remittances may be a percentage of sales or a fixed amount. For loans, payments follow a set schedule. The exact terms are outlined in the provider's agreement.

A business loan is borrowed money repaid with interest on a set schedule. A merchant cash advance is typically structured as a purchase of future receivables, priced with a factor rate, with remittances that may be tied to sales. MCAs and loans differ in cost, structure, eligibility and legal treatment, so it's important to understand each before choosing.