FAQs
Do you have questions? We have answers!
If you have questions about Finance ERC Services, please review our frequently asked questions below. If you have further inquiries, don’t hesitate to email by using our contact form, call (888) ERC-NOW3, or chat using the pink button to the lower right of your screen.
Hidden 1st Tab so rest of tabs are closed.
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 while we wait for the checks from the IRS.
Please send your information to us via our Apply Now 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?
A business can qualify for up to 70% of the value of its 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 come back to Finance ERC and request the difference in the offer?
Yes, you may request the difference in the offer.
How far back can my ERC be for you to purchase it?
ERCs 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. 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?
Yes, you may use the money for any business purpose.
Is there additional collateral required to obtain capital?
No additional collateral is required to obtain capital.
Support available: times and how to contact?
Please contact us using one of the following methods:
Hours: 9 am to 5 pm, Eastern
Telephone: 888-ERC-NOW3
Email: info@financeerc.com or fill in our general contact form.
Chat: Click the pink chat icon on any website page.
Where should correspondence be sent?
Correspondence should be sent to info@financeerc.com.
In what states does Finance ERC offer an ERC purchase program?
Finance ERC LLC provides an ERC purchase program in all states except Massachusetts and California. In California, Finance ERC West Inc. provides loans under its California Lenders License #6031097.