Same-Day Approval
Same-day approval refers to receiving a funding decision within the same business day, typically enabled by automated underwriting and in-house decision authority.
Same-Day Funding
Same-day funding refers to the approval and funding of a business within one business day once required documentation is verified. This outcome is typically enabled by streamlined underwriting and automated processes described at quick business funding.
Sell Rate
The sell rate is the pricing presented to the business owner and includes the ISO’s margin above the buy rate.
Stacking
Stacking is the practice of maintaining multiple active funding agreements simultaneously. While sometimes necessary, stacking increases cash flow strain and underwriting risk.
Syndication
Syndication is the process by which multiple capital providers share exposure on a single funding transaction.
Time in Business (TIB)
Time in Business (TIB) refers to the length of time a business has been actively operating. In alternative funding, TIB is evaluated alongside revenue strength rather than used as a strict approval cutoff.
Working Capital
Working capital refers to funds used to cover day-to-day operating expenses such as payroll, inventory, rent, insurance, and marketing. Many businesses obtain working capital through business funding when bank financing is unavailable or impractical.
Zero Balance Letter (ZBL)
A Zero Balance Letter (ZBL) is a document issued by a funding provider confirming that a business has fully satisfied its purchased receivables and has no remaining balance owed. ZBLs are commonly requested when seeking new funding from another direct lender.
