What it is
A second advance on top of the first can take a large share of each deposit. A new loan, if someone offers one, is a separate contract. This form can record the existing advances.
What's typically needed
- Latest three months of business bank statements
- Time in business
- A government-issued photo ID
- Basic business details, such as legal name and industry
- A picture of any advances already in place
Start application
Applying has no impact to your credit. Submitting this form does not pull a credit report.
Related: Merchant cash advance · Refinancing