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Financial1’s FLEX Advance represents a groundbreaking approach in small business financing, blending the immediacy of Merchant Cash Advances (MCAs) with the features of a line of credit. Designed as the ultimate emergency fund, FLEX Advance allows merchants to access funds as needed, without the commitment to draw down the full amount offered.
This innovative program means businesses only incur costs on the capital they actually use, offering unparalleled control over cash flow management. Unlike traditional MCAs where fees are calculated on the entire advance, FLEX Advance’s terms are applied only to the withdrawn amount, reducing financial burden and enhancing strategic financial planning. With FLEX Advance, Financial 1 not only provides a safety net for unforeseen financial hurdles but also supports businesses in scaling at their own pace, making it the perfect financial tool for merchants seeking both security and flexibility in their capital solutions.
Merchant submits a simple application for funding approval.
Our AI powered underwriting Automated Lending Evaluation Expert (ALEX) reviews the applications and approves an amount.
Flex Advance guides the merchant through the process which is better for business.
Merchant request funds from their FLEX Advance account and repay them on a daily or weekly basis using their own dedicated portal.
Merchant has more control and repays the funds back into their account and can redraw without a new application or approval.
Flex Advance provides businesses with access to capitol when they need it most, allowing them to draw on their approved amount as many times as necessary.
Once Approved, businesses can request drawdowns without going through a re-approvsal process, simplifying their access to much-needed funds.
Businessess repay the advances on a weekly basis, allowing for managable repayments terms that support their cash flow.
The FLEX Advantage stands out in the marketplace by offering something unique-continuous capitol on demand without the need for repeated applications. This gives brokers a competitive edge when attracting new clients.
This innovative solution empowers brokers to offer clients a dynamic and customizable funding tool, designed to meet their unique business needs.
Brokers earn commissions on every drawdown made by their clients. The more funds drawn, the more commissions brokers can collect, creating a consistant and scalable revenue stream.
The FLEX Advance eliminates the need for repetitive underwriting. Once a business is approved, they can continue to access their approved line of capitol without reapplying, maling it easier for brokerd to manage multiple clients with less effort.
Our automated underwriting system, powered by ALEX, quickly evaluates submissions and provides brokers with real time approvals. Brokers can focus on client relationships and closing deals while our systej handles the heavy lifting.
Brokers have access to a dedicated interface where they can monitor the status of their clients’ drawdowns, contracts, and funding activity, making it simple to stay informed and engaged throughout the lifecycle of funding relationship.
