The Advance Funds Network Master FAQ Page is a centralized resource that aggregates all frequently asked question across AdvanceFundsNetwork.com into one authoritative page. These FAQs answer how Advance Funds Network business funding works, what financing options are available, who qualifies, approval requirements, funding amounts, timelines, repayment structures, and permitted uses of funds. FAQs are organized by topic, funding type, service, and business scenario, with each section grouping the most relevant questions for that specific solution to allow business owners to quickly compare options, understand requirements, and get clear, accurate answers without navigating multiple pages.
This page answers common questions about Advance Funds Network business funding, including how it works, eligibility requirements, approval criteria, funding timelines, repayment terms, and other important guidelines about AFN funding and small business loan options.
Advance Funds Network is a financial services company that provides flexible business funding solutions to small and medium sized businesses across the United States and Canada. Advance Funds Network specializes in helping businesses access capital through a wide range of financing options, including business term loans, working capital loans, business lines of credit, merchant cash advances, and business debt consolidation loans.
Advance Funds Network has been serving businesses since 2007 and has established itself as a long-standing leader in the small to medium sized business funding marketplace. With more than nineteen years of industry experience, AFN has built a reputation for reliability, speed, and flexibility in business financing.
Advance Funds Network operates according to clearly defined values focused on service, transparency, innovation, and efficiency. AFN’s core values include:
Most revenue generating small and medium sized businesses can qualify for funding through Advance Funds Network, even if they have been declined elsewhere. Qualification is primarily based on business revenue, time in business, and overall financial performance rather than credit score alone. Advance Funds Network does not fund startups; if you have any questions please reach out to us at sales@afnllc.com
To qualify for business financing through Advance Funds Network, businesses must meet basic eligibility criteria related to time in operation, revenue, and credit profile. To qualify for financing, businesses should have:
Credit score requirements vary by lender and loan type. Traditional lenders, like banks, usually require a good to excellent credit score (typically 650+). Alternative lenders or funding platforms may have more flexible criteria, focusing on revenue, time in business, or other factors rather than credit history alone.
Typically, you need demonstrated consistent revenue, with a minimum of $15,000 per month average, or $200,000 annually.
We look for a minimum of 3 months in business, in addition to an annual revenue of approximately $200,000 in the prior 12 months.
Other than startups, Advance Funds Network makes funding available easily and quickly for almost any type of business in any industry. We welcome any industry to access the financing you need with same day funding and approval in minutes.
Funding applications are simple. We review and approve applications in minutes and can provide funding the same day in most cases. Our programs are customized to fit your business’s specific needs.
From the time you complete our simple application, we can get you approved in a matter of minutes. Our application is intentionally uncomplicated and we require only minimal documentation and information.
Advance Funds Network requires 3 months of bank statements to ensure that the funding we provide works for your business. We do not require any minimum personal credit score.
Apply for funding now and we can get you approved in minutes. Apply here.
Payment schedules can be structured for your convenience. We encourage you to talk with one of our specialists to discuss your specific requirements, and we will work to create a program that is customized to your business and your needs.
Repayment structures vary depending on the funding product and are designed to align with business cash flow. Repayment schedules may include daily, weekly, bi weekly, or monthly payments depending on the funding type and lender terms.
A true up is an adjustment mechanism that ensures a business repays only the agreed upon percentage of actual sales. If fixed withdrawals exceed the percentage owed due to slower sales, the true up corrects the overpayment.
Some funding programs include true ups to ensure that repayment stays aligned with a business’s actual revenue rather than being locked into fixed payment amounts. Because certain financing options, such as merchant cash advances and revenue based programs, are designed to be repaid as a percentage of sales, true ups help correct situations where payments temporarily exceed that agreed percentage during slower periods. This adjustment protects cash flow, reduces strain during revenue fluctuations, and ensures the business repays only what is contractually owed based on real sales performance rather than estimates.
When sales decline, businesses submit recent bank statements for review. The funder calculates the correct payment based on actual revenue and adjusts future payments accordingly.
Loan payments are fixed regardless of revenue, while MCA true ups adjust payments based on actual sales performance.
A business term loan is a lump sum of money provided to a business that is repaid over a fixed period of time with interest. Repayment schedules may include daily, weekly, bi weekly, or monthly payments, and loan terms can range from short term loans of less than one year to long term loans of ten years or more. These loans are often used for specific purposes such as purchasing equipment, expanding operations, or managing working capital.
The key difference between a term loan and a line of credit is how the funds are accessed and repaid. A term loan provides a fixed amount of money upfront that is repaid over a predetermined period with scheduled payments, while a line of credit allows businesses to borrow up to a set limit as needed and pay interest only on the amount used. Term loans are generally better suited for large one time expenses, while lines of credit are ideal for ongoing or flexible financial needs.
Lenders evaluate several factors when approving a business term loan, including revenue consistency, time in business, and creditworthiness. Many lenders prefer businesses with at least one to two years of operating history and stable revenue streams. Personal and business credit scores, recent tax returns, and financial statements can also improve approval chances.
Interest rates for business term loans vary based on lender, borrower profile, and loan length. Traditional banks may offer interest rates ranging from approximately five to ten percent, while online and alternative lenders may charge higher rates, typically ranging from ten to thirty percent. Businesses with stronger credit and established financial history often qualify for lower rates.
Yes, business term loans arranged through Advance Funds Network can typically be repaid early, and doing so does not result in prepayment penalties. Unlike many traditional lenders that charge fees for early payoff, Advance Funds Network term loan programs are structured to allow early repayment and may include built-in early payment discounts. This means businesses that pay off their loan ahead of schedule can reduce their overall cost of capital rather than being penalized for early repayment.
A business line of credit is a flexible financing option that allows businesses to access funds up to a predetermined limit and pay interest only on the amount borrowed. Unlike traditional loans, a line of credit provides ongoing access to capital and is commonly used to manage cash flow, cover unexpected expenses, or take advantage of growth opportunities.
A business line of credit functions similarly to a credit card. Once approved, a lender provides a maximum credit limit that the business can draw from as needed. Interest is charged only on the funds used, and as repayments are made, the available credit is replenished, allowing for continuous access to capital.
Interest rates for business lines of credit vary widely depending on lender requirements, business financials, and credit profile. Rates may range from approximately eight percent to over twenty-four percent simple interest. Traditional banks often offer lower rates than online or alternative lenders.
Qualification requirements typically include:
Meeting these criteria can improve approval odds and lead to more favorable terms.
A business line of credit and a business credit card both provide access to revolving funds, but they function differently in how funds are accessed, repaid, and used. A business line of credit allows a business to draw cash directly up to an approved limit and typically offers lower interest rates than credit cards, with repayment schedules that may be daily, weekly, or monthly depending on the lender. A business credit card is primarily designed for purchases rather than cash access, often carries higher interest rates, and may include rewards programs but stricter limits. Lines of credit are generally better suited for managing cash flow and larger operating needs, while credit cards are more commonly used for smaller, routine expenses.
A working capital loan is a short-term financing solution designed to cover everyday operational expenses such as payroll, rent, utilities, and inventory. These loans help ensure businesses maintain sufficient cash flow to meet immediate needs without disrupting operations.
Common types of working capital loans include:
Merchant cash advances typically have shorter terms and higher costs, and some programs offer features such as revenue-based payments, true ups, and early pay discounts.
Qualification varies by lender, but businesses typically must demonstrate:
Some lenders focus primarily on cash flow rather than credit score.
Interest rates and repayment terms depend on factors such as time in business, average monthly revenue, and credit profile. Traditional lenders may offer lower rates, while alternative lenders may charge higher rates in exchange for speed and flexibility. Repayment terms are generally short term and may range from several months to a couple of years.
Working capital funding applications can be approved in a matter of minutes, and Advance Funds Network can provide funding in most cases the same day.
A merchant cash advance is a financing option where a business receives a lump sum of capital in exchange for a portion of future sales revenue. Repayment is typically made through daily or weekly deductions until the advance is fully repaid.
In an MCA arrangement, a provider advances funds upfront and collects repayment by deducting a fixed percentage of daily or weekly sales. This repayment structure aligns payments with revenue, making it easier to manage during slower periods.
Merchant cash advances generally have higher costs than traditional loans. Effective interest rates can be substantial, and daily or weekly deductions may impact cash flow. Businesses should review the total repayment amount carefully before accepting an advance.
Advantages include fast funding, minimal credit requirements, and flexible repayment tied to sales volume. Disadvantages include higher overall costs and potential cash flow strain if not properly managed.
A true up is an adjustment mechanism that ensures a business repays only the agreed upon percentage of actual sales. If fixed withdrawals exceed the percentage owed due to slower sales, the true up corrects the overpayment.
True ups are typically requested by the business and require documentation such as bank statements.
True ups are especially beneficial for seasonal businesses and companies with fluctuating monthly revenue.
Business debt consolidation involves combining multiple business debts into a single loan with one payment. This approach simplifies financial management and may reduce overall interest costs.
Debt consolidation options may include term loans, SBA loans, business lines of credit, and balance transfer business credit cards.
Benefits include simplified payments, potential cost savings, improved cash flow, and the opportunity to strengthen credit through consistent repayment.
Risks may include fees, collateral requirements, longer repayment terms, and temporary relief if underlying financial issues are not addressed.
A business should consider debt consolidation when it is managing multiple loans or credit obligations and wants to simplify payments or improve cash flow. Consolidation can make sense if a business has several debts with different payment schedules, interest rates, or lenders, and combining them into a single financing solution could reduce administrative complexity or lower overall monthly payments. It is also commonly considered when existing debt is putting pressure on cash flow, provided the consolidation terms do not extend repayment in a way that increases long term financial strain.
Equipment financing allows businesses to purchase equipment using the equipment itself as collateral.
Financing results in ownership after repayment, while leasing involves renting equipment with options to purchase, return, or renew at the end of the lease term.
Interest rates typically range from approximately six and a half percent to thirty four percent APR, with loan amounts up to one million dollars and repayment terms of one to five years. Some programs offer up to one hundred percent financing with no down payment.
Equipment financing generally applies to equipment that is essential to a business’s operations or revenue generation. This can include machinery, vehicles, technology, and specialized tools used across many industries, such as construction and manufacturing equipment, commercial vehicles, medical or dental equipment, restaurant and food service equipment, office technology, and other long term assets that support daily business activities. Eligibility can vary by lender and equipment type, but financing is typically focused on equipment with clear business use and ongoing value.
Using personal savings to fund business expenses can deplete emergency and retirement funds, create tax complications, expose personal assets to liability, strain personal relationships, limit growth opportunities, and prevent the development of business credit.
Outside business funding makes more sense than self funding when using personal savings would increase financial risk or limit long term growth. Relying on external funding can help preserve personal emergency and retirement savings, maintain a clear separation between personal and business finances, and reduce legal and tax complications. It also allows businesses to access larger amounts of capital, build business credit, and invest in growth opportunities without putting personal assets at risk, which is often more sustainable than self funding as a business scales.
AFN partners gain access to a proven business financing platform, high commission payouts, fast funding turnaround, white label options, and dedicated support.
AFN provides white label marketing tools, pre-qualification resources, referral tracking, and experienced funding advisors to help partners close deals efficiently.
There is no cost to become a partner.
Earning potential is unlimited, with top partners generating significant annual income.
Partners refer funding ready businesses and earn commissions upon funding, while affiliates refer interested leads and are paid per qualified lead.
The AFN Affiliate Program allows individuals and businesses to earn commissions by referring qualified funding leads through tracking links, landing pages, embedded forms, and API integrations.
There is no cost to join the affiliate program.
Affiliate payouts start at one hundred fifty dollars or more per qualified lead, based on revenue, time in business, and credit criteria.
Qualified leads are typically verified within forty-eight hours, and commissions are paid monthly via ACH.
No technical expertise is required, and AFN provides customizable tools, tracking systems, and support to help affiliates succeed.
