First Down Funding
Small Business Funding 101
GENERAL FAQ FOR YOU
First Down Funding is a leading provider of working capital and business funding to small businesses nationwide. Since 2012, more than 9,600 small businesses have trusted us to provide them with fast, flexible, and reliable funding to fuel their success.
First Down Funding works with businesses in over 300 industries ranging from physicians and restaurants to repair shops and retailers. We specialize in making capital accessible to small businesses that are underserved by traditional financial institutions, such as banks and credit unions. Because we look at your real-time business cash flow — not just your historical financials and personal credit score — we’re able to deliver financing solutions to more small businesses than most other funding sources.
Small Business Funding is a financing arrangement that will provide you upfront capital in exchange for a fixed amount of your future revenue. For more details on merchant cash advance, check out our About First Down Funding page.
First Down Funding offers funding between $1,000 and $300,000 USD.
To qualify with First Down Funding, you must be a U.S. based business with: 100 days open and operating, minimum time in business, At least $4,166 in monthly sales, No minimum FICO Score
First Down Funding has one of the most efficient and simplistic application processes in the industry because we only ask for what we absolutely need: Owner’s name and social security number (SSN), Business name and Tax ID or EIN, Three months of your most recent bank statements
First Down Funding offers solutions for business owners with strong, well-established credit as well as business owners with imperfect credit. In fact, while we do evaluate your credit history, we don’t have a minimum credit score requirement, which means that even without great credit you can qualify for financing.
You will know if you are approved for funding within hours. For most of our applicants, same-day approvals are the norm, but if you submit your application after typical business hours, you may not receive a response until early the following morning.
On average, the total cost of capital will start at $9 for every $100 Purchased and can go up to $36 for every $100 Purchased.
While we provide financing to more than 300 industry segments, including higher-risk industries such as trucking and construction, there are some industries we do not service such as those related to adult entertainment, gambling, firearms, or illicit substances.
Applying with First Down Funding takes most applicants less than 100 seconds.
The amount of funding for which you qualify is determined by a number of factors including, but not limited to, your business cash flow, time in business, and your business and personal credit history.
No, First Down Funding does not require collateral (e.g. equipment, house, etc.). We rely solely on the revenue your business generates for repayment.
Our Small Business Funding products are designed to complement traditional financing. As long as you meet our requirements, we can still provide you with financing without affecting your other obligations.
Though you will be required to specify what you intend to use small business funding for, you are free to spend the money on whatever is best for your business. Typical use cases include purchasing inventory, repairing equipment, renovations, expansion, reducing debt, and emergency expenditures.
As part of receiving funding, you will authorize First Down Funding to debit your bank account directly according to the amount and frequency specified in your financing agreement. Please contact your account executive if you would ever like to pay more than your regularly scheduled payment amount.
You can pay off your account in full at any time with no extra charges. In some instances, First Down Funding may even offer a discount for early payment in full, though certain restrictions may apply. It is recommended that you review your merchant agreement or speak directly with your account executive for details on your prepayment options.
You will be eligible for a renewal once you have repaid between 33% and 66% of your business funding account, subject to satisfactory payment performance. The exact paydown required for you to be eligible for a renewal will be communicated to you by your account executive prior to funding.
First Down Funding provides clients with an online portal where they can view information about their financing including the outstanding balance, payment history, upcoming scheduled payments, and renewal eligibility. Should you have additional questions, you can call us at (833) FDFUNDING to speak with one of our dedicated account executives.
If you are unable to make your scheduled daily or weekly payment, please contact your account executive so they can work with you and one of our Payment Specialists to discuss a payment plan that suits your business best.
Absolutely. Our expert account executives are standing by to answer your questions. Give us a call Monday through Friday between 8:00 A.M. and 8:00 P.M. Eastern Time at (833) FDFUNDING
We only withdraw payments from your account on days when banks are open, so you will not be debited on any U.S. bank holidays.
We will never double debit your account after a holiday.
Please contact your Funding Manager directly to request a payoff letter.