What is a merchant cash advance?
A merchant cash advance gives your business a lump sum now in exchange for a share of future revenue. Your agreement states the amount you receive, the total amount to be remitted, and how remittances are collected. Because approval focuses on business revenue and cash flow, many owners use an advance for inventory, payroll, marketing, or a time-sensitive opportunity. Review the full cost and the collection schedule in your written offer before you accept.
How does same day business funding work?
You complete a short application, the funder reviews your revenue and recent business bank statements, and if you are approved and accept an offer, the funds are sent to your business bank account. At Logic Advance, decisions can come in as little as 4 hours and funding can happen as fast as the same day a file is approved and completed. Timing depends on a complete file, verification, and bank processing, so having your documents ready at the start is the fastest path.
Can I get business funding with bad credit?
Often, yes. Logic Advance reviews the whole business picture, including monthly revenue, time in business, and cash flow health, not just a credit score. A lower credit score does not automatically disqualify your business, and a strong score does not guarantee approval. If your business brings in steady revenue, it is worth applying and letting the review look at the full picture.
How much funding can my business get?
Logic Advance offers funding up to $1,000,000 across its products, depending on the program. Your approved amount is based on your monthly revenue, time in business, cash flow, and existing obligations. A larger request needs revenue that can support the payments, so apply for the amount tied to a clear business purpose and be ready to show recent bank statements that support it.
How fast is approval?
Funding decisions can come in as little as 4 hours once a complete application is in review, and approved funds can be deposited as fast as the same day. Reviews move fastest when the application is accurate and recent business bank statements are uploaded at the start. More complex files, missing documents, or verification steps can take longer, and your contact can give you an estimate for your specific file.
What documents do I need to apply?
Start with the short application and your recent business bank statements. The application requires three complete months of statements, and providing four months is recommended because it gives underwriting a fuller view of revenue and seasonality. Identification, ownership details, or additional records may be requested during verification. Send financial documents only through the approved application channel.
What is the difference between a direct funder and a broker?
A direct funder makes the funding decision and provides the funds itself, so you apply once and work with the company that is actually funding you. A broker takes your application and shops it to multiple funders, which can add a broker fee or markup and extra handoffs. Logic Advance is a direct funder, so there is no middleman markup or broker fee between your business and your funding.
How does revenue-based funding work?
Revenue-based funding sizes your approval around the revenue your business already generates instead of a fixed asset or collateral. The agreement states the amount you receive and the total remittance amount up front, and collections follow the schedule and structure in that agreement. Because the review centers on revenue and cash flow, growing businesses with steady sales can often qualify even when a traditional application has stalled.
Funding Journey
