FAQs

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Are you looking to file your Employee Retention Credit (ERC) and get up to $26,000 per employee in Federal COVID relief?

Finance ERC can purchase this credit at a discount once you file with the IRS, rather than waiting as long as 9-12 months to receive your funds. There are no daily, weekly or monthly payments against the amount except a nominal monthly monitoring fee while we wait for the checks from the IRS.

Please send your information to us via our Contact Us form so we can get your money to you today!

How long does it take to get approved?

We can typically provide a decision within 24-72 hours. Funding shortly thereafter.

Is there an application fee?

No, there is no application fee.

How much can a business qualify for?

Up to 70% of the value of your unpaid Employee Retention Credit (ERC).

Do I have to accept the full amount offered by Finance ERC to purchase? Or can I request a specific amount?

You can specify the amount you would like purchased.

If I change my mind, can I came back to Finance ERC and request the difference in the offer?

Yes.

How far back can my ERC be for you to purchase it?

ERC submitted to the IRS within 120 days of applying for the purchase of the ERCs for Purchases of $1M or over. Under 60 days for purchases up to $250K.

Are there any interim payments required against the ERC purchase price until the check is received from the IRS?

Unlike other business loan or revenue advance products, there are absolutely NO payments required to Finance ERC against your ERC sale balance to us until the IRS check arrives. (Other than a $49.95/month account monitoring fee). Use the money we give you to actually grow your business, rather than having to make repayments to the capital provider.

Do you offer discounts on the purchase price?

Yes, we will allow you to buy the receivable back from us at a discount.

Can we use the money for any purposes of the business?