Last updated: January 1, 2025 | Fast Advance LLC
These Terms and Conditions ("Terms") constitute a legally binding agreement between you ("Merchant," "you," or "your") and Fast Advance LLC ("Fast Advance," "we," "us," or "our"). By visiting our website, submitting an application, or entering into any Merchant Cash Advance agreement, you agree to be bound by these Terms. If you do not agree, do not use our services.
These Terms apply to all interactions with Fast Advance, including but not limited to website usage, application submissions, and executed MCA agreements.
A Merchant Cash Advance from Fast Advance is a commercial transaction in which Fast Advance purchases a specified dollar amount of your future business receivables at a discount. This is a sale of future revenue, not a loan, credit extension, or financing arrangement subject to lending laws.
Because this transaction involves the purchase and sale of future receivables, it is not governed by:
Fast Advance is not a lender and does not charge interest. The total cost of your advance will be clearly stated in your individual agreement prior to signing.
To be eligible for a Merchant Cash Advance from Fast Advance, your business must meet all of the following criteria at the time of application and throughout the term of any MCA agreement:
Fast Advance reserves the right to approve or decline any application at its sole and absolute discretion, based on proprietary underwriting criteria including but not limited to revenue history, bank statement analysis, existing obligations, and owner background.
Upon approval and execution of an MCA agreement, Fast Advance will purchase an agreed Purchased Amount of your future business receivables in exchange for depositing the Advance Amount into your designated business bank account. All specific terms — including the Advance Amount, Purchased Amount, Remittance Rate, and any applicable fees — will be clearly disclosed in your individual MCA agreement before you sign.
Fast Advance may fund your account directly via ACH transfer. Funding typically occurs within one (1) business day of agreement execution and verification, but timing is not guaranteed.
Remittance of the Purchased Amount is made through automatic daily or weekly ACH debits from your designated business bank account, equal to the agreed Remittance Rate applied to your receivables or a fixed daily/weekly amount as specified in your agreement.
Because this transaction is tied to your actual business revenue, you have the right to request a reconciliation if your business revenue has materially decreased since the time of your advance. Upon written notice and submission of supporting bank statements demonstrating a decline in receivables, Fast Advance will review and, if warranted, adjust your daily or weekly remittance amount proportionally to reflect your actual revenue levels.
Reconciliation requests must be submitted in writing to support@fastadvance.net. Fast Advance will respond within ten (10) business days. Adjustments are made prospectively and do not alter the total Purchased Amount owed.
To protect its interest in the purchased receivables, Fast Advance may file a UCC-1 financing statement against your business. This filing serves as notice that Fast Advance has purchased a portion of your future receivables and does not constitute a lien on your business assets in the traditional lending sense.
The UCC filing will be released upon full remittance of the Purchased Amount. You agree to cooperate with Fast Advance in executing any documents necessary to perfect or release this interest.
By submitting an application and entering into an MCA agreement with Fast Advance, you represent and warrant, on an ongoing basis, that:
The following events constitute a Default under your MCA agreement:
Upon an Event of Default, the full outstanding Purchased Amount becomes immediately due. Fast Advance reserves the right to pursue all available remedies under applicable law, including but not limited to ACH collections, court action, and enforcement of any personal guarantee provided.
Certain states have enacted commercial financing disclosure laws requiring additional disclosures for MCA transactions. If your business is located in California, New York, Virginia, Utah, Connecticut, Kansas, or North Carolina, your individual MCA agreement will include state-mandated disclosures, which may include estimated APR equivalents, total repayment amounts, and broker compensation disclosures. These disclosures do not alter the nature of the transaction as a purchase of receivables.
Fast Advance does not currently offer advances to businesses located in states where such transactions are expressly prohibited.
To the maximum extent permitted by applicable law, Fast Advance's total liability to you for any claim arising out of or relating to these Terms or any MCA agreement shall not exceed the Advance Amount disbursed to you under the relevant agreement. In no event shall Fast Advance be liable for indirect, incidental, special, consequential, exemplary, or punitive damages, including but not limited to lost profits, loss of business opportunity, or reputational harm, even if advised of the possibility of such damages.
PLEASE READ THIS SECTION CAREFULLY. IT AFFECTS YOUR LEGAL RIGHTS.
Any dispute, controversy, or claim arising out of or relating to these Terms, any MCA agreement, or the breach, termination, or validity thereof shall be resolved by binding individual arbitration administered by the American Arbitration Association (AAA) under its Commercial Arbitration Rules, rather than in court.
The arbitrator shall have exclusive authority to resolve all disputes, including disputes regarding the scope or enforceability of this arbitration provision. The arbitrator's decision will be final and binding and may be entered as a judgment in any court of competent jurisdiction.
Opt-Out: You may opt out of this arbitration provision by sending written notice to support@fastadvance.net within thirty (30) days of first accepting these Terms. Your opt-out notice must include your full name, business name, and a clear statement that you are opting out of arbitration.
TO THE FULLEST EXTENT PERMITTED BY LAW, YOU AND FAST ADVANCE AGREE THAT EACH MAY BRING CLAIMS AGAINST THE OTHER ONLY IN AN INDIVIDUAL CAPACITY AND NOT AS A PLAINTIFF OR CLASS MEMBER IN ANY PURPORTED CLASS, COLLECTIVE, OR REPRESENTATIVE PROCEEDING. If a court finds that this class action waiver is unenforceable as to a particular claim, then that claim alone may proceed in court while all other claims remain subject to arbitration.
These Terms and any MCA agreement between you and Fast Advance shall be governed by and construed in accordance with the laws of the State of Florida, without regard to its conflict of law principles. To the extent any dispute is not subject to arbitration, you consent to the exclusive jurisdiction of the state and federal courts located in Miami-Dade County, Florida.
Fast Advance reserves the right to modify these Terms at any time. We will provide notice of material changes by updating the "Last updated" date at the top of this page. Your continued use of our services after any modification constitutes acceptance of the revised Terms.
These Terms, together with your executed MCA agreement and any related disclosures, constitute the entire agreement between you and Fast Advance with respect to the subject matter herein and supersede all prior representations, discussions, and agreements.
For questions about these Terms or your MCA agreement, please contact:
By using our services or entering into an MCA agreement with Fast Advance, you acknowledge that you have read, understood, and agree to these Terms & Conditions in their entirety.