Frequently Asked Questions

Fidelity Funding Group is a business funding company headquartered in Staten Island, New York, with offices across New York, New Jersey, and Florida. We arrange working capital for small and mid sized businesses through a network of funding partners: merchant cash advances, business loans, equipment financing, and credit card processing.

We are not affiliated with any other company using the name Fidelity Funding, Fidelity Funding Solutions, or similar. If you were referred to us, our corporate number is (212) 634-9121 and our application portal is apply.fidelity-funding.com.

Our corporate office is at 1655 Richmond Avenue, Suite D, Staten Island, NY 10314. We also have offices in:

• New York: Brooklyn (3069 Brighton 1st Street)
• New Jersey: Wall (3349 Route 138, Building D, Suite D), Englewood Cliffs (560 Sylvan Avenue, Suite 3082)
• Florida: Tampa (1600 E 8th Avenue, Suite A200), St. Petersburg (689 Central Avenue, Suite H)

We fund businesses in all fifty states. Our offices are the places our team works from, not a limit on where we can fund.

Fidelity Funding Group works directly with business owners from application through funding. We maintain relationships with a network of funding partners so that a single application can be matched to the program that actually fits your business, rather than sending you to apply separately at five places.

Your point of contact through the process is a Fidelity Funding Group representative, not a call center. We handle the application, the underwriting conversation, and the paperwork, and we stay with the file until it funds.

No. Applying does not affect your credit score. We use a soft credit pull to review your application, and a soft pull is not visible to other lenders and does not lower your score.

A hard inquiry only happens if you decide to move forward with an offer. That is the kind of check that can temporarily lower your score by a few points and stay on your report for up to two years. You will know before it happens.

Not literally. But the thing most business owners mean when they search for this does exist.

Almost every legitimate funding company checks credit in some form. What varies is how. Revenue based products like merchant cash advances weigh your recent business deposits and sales history far more heavily than your personal credit score, and many of them, including Fidelity Funding Group, review your file with a soft pull that leaves your score untouched.

So if what you mean is "can I find out what I qualify for without hurting my credit," the answer is yes. If what you mean is "can I get funded by a company that never looks at credit at all," be careful. Funders who genuinely ignore credit entirely are rare, and offers advertised that way are worth reading closely.

There is no single cutoff, because credit score is not the main thing being evaluated. For revenue based funding, what matters most is how long you have been in business, your monthly revenue and how steady it is, your recent bank deposits, and whether you have existing advances outstanding.

Business owners with credit well below traditional bank standards are regularly approved for revenue based products. What we do look for is at least six months in business and at least $20,000 in monthly revenue.

As a practical floor, we work with credit scores of 500 and above. Above that line, your revenue and your deposit history matter far more than the score itself.

Two things: your last four months of business checking account statements, and a completed application.

That is the whole list. Having the statements ready before you start is the main difference between a decision today and a decision next week.

Most applicants receive an initial decision within hours.

An initial decision is not the same as funded money. It tells you whether you qualify and roughly what the terms look like.

Once you accept an offer and your documents are in, funding is typically completed within 24 hours. Some files move faster than that, in as little as four hours from application to funding.

Funding amounts are based primarily on your monthly revenue rather than on collateral or credit score. As a rough rule in revenue based funding, the offer tends to track a portion of your average monthly deposits.

Funding ranges from $5,000 to $5 million, depending on your revenue and the program.

A merchant cash advance is not a loan. It is the purchase of a portion of your future sales at a discount. You receive a lump sum today, and the funder collects an agreed amount back out of your daily or weekly revenue.

That distinction matters practically, not just legally. Because it is a purchase rather than a loan, an advance is priced with a factor rate instead of an interest rate, it typically does not require collateral, and repayment is tied to your sales rather than to a fixed monthly date.

A factor rate is a flat multiplier applied once to the amount advanced. Interest accrues over time. A factor rate does not.

Worked example: on a $50,000 advance at a factor rate of 1.30, the total repayment is $50,000 x 1.30, or $65,000. The $15,000 cost does not grow if repayment takes longer, and it does not shrink if you repay faster, unless your agreement includes an early payoff discount.

This is the most common point of confusion in business funding, and it cuts both ways. A factor rate can look cheaper than an interest rate at a glance while costing more in annualized terms, because the money is repaid over months rather than years.

Repayment is taken automatically out of your revenue, usually one of three ways:

• ACH debit. A fixed daily or weekly amount pulled from your business bank account. This is the most common today.
• Split withholding. A set percentage of each card batch is diverted at the processor before it reaches you.
• Lockbox. Your deposits route through a controlled account, which forwards your share to you after the funder's portion is taken.

The practical difference is what happens in a slow week. A percentage based split flexes down with your sales. A fixed daily ACH does not.

Usually not automatically. Because the cost is set by a factor rate rather than accruing over time, paying off early does not reduce what you owe unless your agreement specifically includes an early payoff discount. Ask about this before you sign, not after.

Often yes, but it is worth being careful. Taking a second advance while a first one is outstanding, commonly called stacking, means two sets of daily debits against the same revenue. It is one of the most reliable ways a healthy business gets into cash flow trouble.

If you already have an advance outstanding, say so on the application. There are usually better options than stacking, including consolidating what you have into a single position.

Business purposes, broadly: inventory, payroll, equipment, expansion, marketing, covering a slow season, or bridging a gap between work completed and payment received. Revenue based funding generally does not restrict use of funds the way a purpose specific loan does.

It depends on how your repayment is structured. Percentage based split withholding moves with your sales, so a slow week means a smaller payment. A fixed daily ACH does not adjust on its own.

If revenue drops materially, contact your funder early rather than letting payments fail. Options are usually available while an account is current, and far fewer once it is not.

We work with revenue generating small and mid sized businesses, including trucking and transportation, restaurants and food service, construction and contracting, medical and dental practices, retail, and auto repair.

This is not an exhaustive list. The common thread is consistent business revenue rather than a particular industry.

Yes. Card volume used to be the basis for this product, but most revenue based funding today is underwritten on total bank deposits, which means service businesses, contractors, and companies that invoice rather than swipe can qualify.

At least six months. Businesses under six months old are generally too new for revenue based underwriting, because there is not yet enough deposit history to underwrite against.

Yes. We look for at least $20,000 in monthly revenue.

That figure is based on your total business deposits, not only card sales, so service businesses and contractors who invoice rather than swipe are counted the same way.

Apply online at apply.fidelity-funding.com, or call (212) 634-9121 to speak with a representative. The application takes a few minutes, applying does not affect your credit score, and most applicants receive an initial decision within hours.

No. There is no cost to apply and no obligation to accept an offer.

The application takes a few minutes, it does not affect your credit score, and you are free to walk away from any offer you do not want.