Is a daily remittance survivable on my margin?

Sometimes, and sometimes plainly not. That's the calculation we run with you before submitting, and it's the reason we occasionally tell people no.

Can I fund a second location?

Yes, and it usually underwrites off the first location's numbers plus the new lease.

My walk-in died today.

That's a same-week file. Call us — for a single piece of equipment, financing the asset is usually cheaper than an advance.

I already have an advance.

Then the honest conversation is about not stacking a second one on it. We may still have options; a second advance won't be one of them.

Industry

Restaurants & Food Service

Daily card deposits, thin margins, and equipment that fails at the worst possible time. Restaurants are one of the easiest industries to get an advance in and one of the easiest to get hurt in, because daily remittance against a 6% margin leaves very little room. We'll do that arithmetic with you before you sign anything.

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What we fund here

Walk-in, hood, or line equipment replacement: $15K – $120K
Buildout or remodel: $50K – $500K
Payroll through a slow month with a booked season: $10K – $75K
Second location fit-out: $75K – $500K

Ranges are typical, not guaranteed. Your terms depend on your business and the funder.

What usually fits

Merchant Cash Advance

Card deposits are exactly what this structure was built to read.

$10,000 – $500,000

Equipment Financing

Hood systems and walk-ins secure themselves at lower cost.

$10,000 – $2,000,000

Term Loan

For a buildout, a fixed payment is far safer than a daily remittance.

$25,000 – $1,000,000

What underwriters look at

Average daily deposits and how many negative days appear in four months.
Third-party delivery mix, because those deposits net out differently.
Lease term remaining. A funder won't outlive your lease.
Whether an existing advance is already taking a slice of daily deposits.

Questions

Is a daily remittance survivable on my margin?: Sometimes, and sometimes plainly not. That's the calculation we run with you before submitting, and it's the reason we occasionally tell people no.
Can I fund a second location?: Yes, and it usually underwrites off the first location's numbers plus the new lease.
My walk-in died today.: That's a same-week file. Call us — for a single piece of equipment, financing the asset is usually cheaper than an advance.
I already have an advance.: Then the honest conversation is about not stacking a second one on it. We may still have options; a second advance won't be one of them.

Let's see what your numbers support.

Three documents to start: the last four months of business bank statements, a driver's license, and a voided check. That's the whole file to get options back.

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FundMainStreet.com is a financing arranger, not a lender or a bank. We connect business owners with third-party funding partners and are compensated by those partners when a transaction closes; we disclose that compensation to you before you sign. Approval, terms, and funding are determined solely by the funding partner. Merchant cash advances are purchases of future receivables, not loans. All figures shown on this site are illustrative and are not an offer or commitment to fund.