A working-capital advance, specified in full.
TrueFunds advances between $100 and $5,000 against receivables an owner-operated business already collects. The cost is one fixed figure in dollars, agreed before anything is signed. There is no interest rate and no annual percentage rate.
- Class
- Revenue purchase (merchant cash advance)
- Use
- Commercial purposes only
- Supply
- 48 states
- Pricing
- Fixed dollar cost, never a rate
Advance range
$100 — $5,000Commercial use only. Not available in California or New York.
Specification
Sheet 2 of 8Every figure this product has.
| Parameter | Condition | Min | Max | Basis |
|---|---|---|---|---|
| Advance value | Per request | $100 | $5,000 | USD, paid as one sum |
| Time trading | Counted from first deposit | 3 | — | Months |
| Monthly revenue | Averaged over the last 3 months | $5,000 | — | USD |
| Coverage | US-registered businesses | — | 48 | States. Not California or New York |
| Cost | Agreed before signing | — | — | Fixed dollar figure, never an APR |
| Remittance | Fixed share of daily receipts | — | — | Varies with deposits; total does not |
| Funding | After execution and verification | — | — | As soon as next business day |
| Score check | To review your options | — | — | Soft. No hard pull |
Advance value
- Condition
- Per request
- Min
- $100
- Max
- $5,000
- Basis
- USD, paid as one sum
Time trading
- Condition
- Counted from first deposit
- Min
- 3
- Max
- —
- Basis
- Months
Monthly revenue
- Condition
- Averaged over the last 3 months
- Min
- $5,000
- Max
- —
- Basis
- USD
Coverage
- Condition
- US-registered businesses
- Min
- —
- Max
- 48
- Basis
- States. Not California or New York
Cost
- Condition
- Agreed before signing
- Min
- —
- Max
- —
- Basis
- Fixed dollar figure, never an APR
Remittance
- Condition
- Fixed share of daily receipts
- Min
- —
- Max
- —
- Basis
- Varies with deposits; total does not
Funding
- Condition
- After execution and verification
- Min
- —
- Max
- —
- Basis
- As soon as next business day
Score check
- Condition
- To review your options
- Min
- —
- Max
- —
- Basis
- Soft. No hard pull
Meeting the stated minimums does not guarantee an offer. Approval, amount and terms depend on review and verification.
Theory of operation
Fig. 1You are selling receivables, not borrowing.
A merchant cash advance is the purchase of a slice of your future receivables. It carries no interest rate, no amortisation, and the whole cost is a single figure agreed up front.
- You receive
- $2,000
- Fixed cost
- $360
- Total remitted
- $2,360
- Per business day
- $28
Assumes remittance over 84 business days
Illustrative. Not an offer or a decision.
FIG. 1Flow of funds under a revenue purchase agreement.
The receipts are the security.
TrueFunds purchases a set share of receivables the business is already going to collect. Nothing personal is pledged against it.
The cost is set once.
Priced as one fixed dollar figure, stated before you sign. Nothing compounds, nothing re-prices, and there is no rate to reverse-engineer afterwards.
Remittance follows the deposits.
A small fixed share of daily receipts, taken as they land. A slow week remits less. The total never changes, only the time it takes to reach it.
Three months is enough history.
No two years of filed accounts, and no personal collateral pledged against the advance.
Sequence of operation
Sheet 4 of 8What happens after the request goes in.
Four steps, in the order they happen. Nothing between them is hidden from you.
- 01
You state the amount.
One figure, your name, your email and your ZIP. Nothing is submitted until you have seen the full request.
- Elapsed
- ~60 sec
- Input
- Amount, name, ZIP
- 02
We read the deposits.
Three months of receipts, not two years of filed accounts. What lands in the account is the only thing the advance is priced against.
- Window
- 3 months
- Source
- Business bank account
- 03
One number is agreed.
The total you will remit and the share taken from each day's receipts, both quoted before anything is signed. There is no rate to work out afterwards.
- Output
- One fixed figure
- Rate
- None
- 04
The money moves.
Funds can reach the account as soon as the next business day once the agreement is executed and verification is complete.
- Settlement
- Next business day
- Condition
- Verification complete
Typical applications
Fig. 2Mostly it is one of these eight weeks.
We ask what the advance is for because the answer changes how quickly it needs to move, not because there is a right one.
- A.01By Friday
Payroll gap
The week a big invoice pays late and four people still get paid on Friday.
- A.02This week
Inventory
Stock offered at a discount that will not wait.
- A.03Same week
Equipment or tools
A replacement that costs less than the day it would take to go without.
- A.04Today
Vehicle repair
The van is the business. It has to run.
- A.05Ahead of season
Marketing push
A short spend in front of a season you can already see coming.
- A.06By due date
Tax bill
Due on a date that ignores your cash cycle.
- A.07Weeks ahead
Seasonal ramp
Staff and stock in place before the busy weeks start, not during them.
- A.08Within terms
Supplier payment
Keeping the account in good standing.
FIG. 2Typical applicant: a two-person independent garage, mid-job.
Operating conditions
Sheet 6 of 8Conditions for supply.
Conditions for supply
- A business bank account the deposits actually land in
- At least 3 months of trading, counted from your first deposit
- An average of $5,000 a month over the last 3 months
- A business registered in the United States, outside California and New York
Not required
- A fee paid in advance in exchange for a promise of funding
- Personal collateral pledged against the advance
- A minimum score before we will look at the account
Not supplied in California or New York.
Products are offered for commercial purposes only and are not available for personal, family or household use.
- Score check
- Soft. Checking your options does not affect your score.
- No guarantee
- Meeting these minimums does not guarantee an offer.
Appendix A — Questions
Sheet 7 of 8The ones people actually ask.
A.01How is this different from bank financing?
Bank financing advances money against a promise to pay it back with interest. TrueFunds buys a portion of the receivables your business is already going to collect, at a fixed cost agreed in advance. There is no interest, no APR and no amortisation schedule.
A.02How small can an advance be?
$100. The ceiling is $5,000. There is no larger tier hidden behind this one, and there is no minimum we quietly enforce above the published floor.
A.03What do you need from me?
A business bank account, at least 3 months of trading, and an average of $5,000 a month in revenue over that period. We do not ask for filed accounts or for personal collateral.
A.04Does checking my options leave a mark?
No. Reviewing your options is a soft inquiry and leaves your score untouched. If a request moves forward, we will tell you before anything is run and you can stop at that point.
A.05How is remittance actually collected?
As a small fixed share of the receipts that land in your business account, taken as they arrive. A slower week remits less and takes longer. The total figure never changes.
A.06How fast does the money arrive?
Funds can reach your account as soon as the next business day once the agreement is executed and verification is complete. Timing depends on your bank and on how quickly documents come back.
A.07Which states do you fund in?
Every state except California and New York. Products are offered for commercial purposes only and are not available for personal, family or household use.
A.08What if my business does not qualify?
We will tell you, in plain language, rather than leaving the request open. You are welcome to send it anyway if you are close to the minimums, and we will be honest about whether there is anything we can do.
Still asking
Something not covered here? Write to support@truefunds.net or call +1 (480) 555-0173.
Declarations & issue
Sheet 8 of 8Three things, said plainly.
D.1
This is a purchase.
TrueFunds purchases a portion of your future business receivables under a Revenue Purchase Agreement. What you remit is not interest, and nothing about it is priced as a rate.
D.2
There is no annual percentage rate.
Pricing is a fixed cost, stated in dollars before you sign. Nothing compounds, nothing re-prices, and there is no rate to reverse-engineer afterwards.
D.3
We never ask for a fee in advance.
Nobody at this company will ever ask you to pay something up front in exchange for a promise of funding. If someone does, they are not us.
Issue
- Issued by
- TrueFunds LLC, an Arizona limited liability company
- Office
- 3075 W Ray Road, Suite 200 · Chandler, Arizona 85226
Documents
None of this is a marketing claim. Each one is written into the documents you sign, and you can read them before you give us anything.
Request
One form. About a minute.
Request funding$100 to $5,000. Commercial use only. Not available in California or New York.
It is the only application on this site. Submitting it is not an agreement and not an offer of funding, and TrueFunds never asks you to pay a fee in advance.