1. RapidAdvance’s Flexible Loan Program
A unique product that can be offered to higher credit quality merchants that are looking for something more similar to a traditional loan product.

2. Loan Product Benefits Less expensive than a standard MCA
Structured with a fixed repayment through a daily ACH (ACH occurs Monday- Friday)
Allows merchants with low merchant processing but high gross volumes to get more capital then on an MCA platform

3. Loan Program Requirements
Repayment based on total monthly revenue as verified from bank statements
For the 4 and 6 month loan the merchant must have been in business for at least 4 years
For the 8 month loan the merchant must have been in business for at least 5 years
Bank statements must show an average daily balance of $5,000
Minimum FICO is 650
Other standard RapidAdvance underwriting conditions apply

4. How the Loan Program Works
Minimum loan amount $15,000; Maximum loan amount $150,000.
Fixed ACH for repayment. Split funding or lockbox not required.
Max Repay amount = 8% of monthly gross is preferred, maximum is 10% of monthly gross.
A 2% origination fee (of loan amount), 1% on renewals and a $250 processing fee will be charged on all funded deals. Both fees will be deducted from the advance amount prior to funding.
Requires a full personal guarantee and UCC-1.
Merchants are eligible for a renewal once they are 70% paid off.

5. Loan Cost Scenarios Calculated Scenario: (4 month program)
Merchant Advance = $20,000
Payback Amount = $23,600
80 Payments of $271.26
Factor Rate – 1.18
Calculated Scenario: (6 month program)
Merchant Advance = $20,000
Payback Amount = $24,400
120 Payments of $203.33
Factor Rate – 1.22
Calculated Scenario: (8 month program)
Merchant Advance = $20,000
Payback Amount = $25,400
157 Payments of $161.78
Factor Rate – 1.27 5

6. Loan States
Currently, loans can be offered in most states However, loans cannot be offered in Rhode Island, New Jersey, and Montana Certain Restrictions may apply in other states