Frequently Asked Questions
What is a merchant cash advance? ▼
A merchant cash advance is the purchase of a portion of your business's future revenue at a discount. It is not a loan; you repay it from a fixed percentage of daily/weekly sales or a fixed ACH, and the cost is a flat factor rate rather than interest.
What is revenue-based financing? ▼
Revenue-based financing is a lump sum of capital repaid through fixed daily or weekly ACH payments sized to your revenue — more predictable than an MCA's sales-based repayment.
What is the difference between an MCA and revenue-based financing? ▼
An MCA is repaid as a percentage of sales (payments move with revenue). Revenue-based financing is repaid as a fixed daily/weekly ACH (predictable payments). Both are fast, unsecured, and approved on revenue.
Do you check my credit? ▼
Credit is not the deciding factor. Approval is based primarily on your business's revenue and bank activity, so bad credit is OK.
How much funding can I get? ▼
Typically $10,000 to $2,000,000, based on your average monthly revenue.
How fast can I get funded? ▼
Most applications receive a decision within hours and funding in as little as 24-48 hours after signing.
Is collateral required? ▼
No. Merchant cash advances and revenue-based financing from Taurus Funding are unsecured.
What are the requirements to qualify? ▼
Generally 3-6+ months in business, at least $10,000 in monthly revenue, and an active business bank account.
What documents do I need to apply? ▼
A short application and your three most recent business bank statements. Usually no tax returns are required.
What states do you serve? ▼
All 50 U.S. states.
What can I use the funds for? ▼
Any business purpose: payroll, inventory, equipment, marketing, expansion, or covering a cash-flow gap.
Can I get funding with an existing advance? ▼
Often yes. Additional or add-on funding may be available depending on your revenue and current balance.