Everything you need to know about our products, process, and terms — answered clearly.
General Questions
Fenvic Financial is a business financing company that provides fast, flexible capital solutions to small and mid-sized businesses across the United States. We offer Merchant Cash Advances, Revenue-Based Financing, Unsecured Business Loans, Business Lines of Credit, Term Loans, and Quick Access Capital.
Most clients receive a funding decision within a few hours of submitting a complete application. Once approved and paperwork is signed, funds are typically deposited the same business day or within 24 hours.
Checking your options with Fenvic Financial does not require a hard credit pull. You can see what you qualify for without any impact to your credit score. A full credit review is only performed after you choose to move forward with a specific offer.
We work with businesses across 50+ industries including retail, restaurants, healthcare, construction, e-commerce, auto repair, salons, professional services, trucking, and many more. Contact us if you have questions about your specific industry.
Eligibility & Requirements
Most of our products require: at least 6 months in business, a minimum of $10,000/month in gross revenue, and an active business bank account. Some products have different requirements — our advisors will match you to the best option for your situation.
Yes, in many cases. Our primary focus is your business's revenue and performance, not your personal credit score. Many clients with credit scores below 600 have been successfully funded. We encourage you to apply regardless of credit history.
Most of our products are unsecured and do not require collateral. You do not need to pledge real estate, equipment, or other assets. Some larger loan amounts may require a UCC-1 filing, which our team will explain in detail.
Products & Repayment
With a Merchant Cash Advance, repayment is made as a small percentage of your daily credit and debit card sales — or as a fixed daily/weekly ACH withdrawal from your bank account. When your sales are higher, you repay more. When they are slower, you repay less (for percentage-based repayment).
A factor rate is how the cost of an MCA is calculated — instead of an APR. For example, a $50,000 advance with a 1.30 factor rate means you repay $65,000 total (50,000 × 1.30). Factor rates typically range from 1.10 to 1.50 depending on your business profile.
Yes. Many clients return for second and third rounds of funding. Once you have repaid a significant portion of your current advance, you may become eligible for renewal. Our team proactively reaches out with renewal offers for qualified clients.
Funding amounts range from $5,000 to $5 million depending on the product and your business's revenue. Most clients qualify for between 1x and 3x their average monthly revenue. The best way to find out is to apply — it takes only minutes.
Still Have Questions?
Our team is available Monday through Friday to answer any questions you have.