Fund the business.
Get paid first.
A business you fund takes its payments through Paidfirst. Each day of sales is paid out in order: you, then its bills, then the owner.
Request access- LenderPaid first
15% of sales$723 - Approved bills
Payroll, rent, suppliers$1,940 - Owner
Everything left$2,157
Example figures. Move the slider.
How it works
Agreement signed
- Funded
- $80,000
- Your share
- 15% of sales
- Card sales
- —
- Paid to you
- —
- Bills paid
- —
- To the owner
- —
First you fund the business.
Settling
- Funded
- $80,000
- Your share
- 15% of sales
- Card sales
- $4,820
- Paid to you
- —
- Bills paid
- —
- To the owner
- —
Then its day of sales settles.
Paid first
- Funded
- $80,000
- Your share
- 15% of sales
- Card sales
- $4,820
- Paid to you
- $723
- Bills paid
- —
- To the owner
- —
You are paid before anyone.
Closed for the day
- Funded
- $80,000
- Your share
- 15% of sales
- Card sales
- $4,820
- Paid to you
- $723
- Bills paid
- $1,940
- To the owner
- $2,157
Then its bills, then the owner.
The report
$3,456 paid to the lender, on every one of the five days, before anything else.
| Day | Sales | Lender | Bills | Owner |
|---|---|---|---|---|
| Thu 5 | $4,310 | $647 | $1,800 | $1,863 |
| Fri 6 | $4,820 | $723 | $1,940 | $2,157 |
| Sat 7 | $3,975 | $596 | $1,650 | $1,729 |
| Mon 9 | $5,240 | $786 | $2,100 | $2,354 |
| Tue 10 | $4,690 | $704 | $1,900 | $2,086 |
What you control
A reserve for the bills
Set aside out of each settlement before the owner is paid.
Your share, your way
A percentage of each day of sales, or a fixed amount a day or a week.
The same order, every day
You, the bills, the owner.
An approved list
Payroll, rent, taxes and suppliers, agreed before funding.
Paid from sales
Not from a debit that can bounce.
Marked on every settlement
Daily or weekly
A fixed amount follows your schedule.
One report, two readers
Good for the business too.
Funding it can get
A lender that is paid out of sales carries less risk, so it can say yes to a business it would turn down, or offer better terms.
Bills paid on time
Payroll, rent and suppliers go out from the reserve on schedule. The owner sees the same report the lender does.
Questions
What is Paidfirst?
A payment-control platform for lenders. A funded business takes its card and bank payments through Paidfirst, and every settlement is paid out in an agreed order: the lender first, then the bills that keep the business running, then the owner.
How does the lender get paid first?
The lender makes processing through Paidfirst a condition of the funding. When a day's sales settle, the lender's share is split off before the rest reaches the business. It can be a percentage of each settlement or a fixed daily or weekly amount.
What counts as an important expense?
The lender and the business agree a list before funding, typically payroll, rent, taxes, insurance and key suppliers. Those bills are paid from a reserve that is set aside out of each settlement. Paidfirst does not judge a purchase; the agreement does.
What does the lender see?
A live report built from the business's processing and, with the owner's consent, its bank accounts: sales, the lender's share paid, bills paid from the reserve and what is left. The owner sees the same numbers.
Does the business have to change how it takes payments?
Yes. Card and bank payments run through Paidfirst, because that is where the split happens. The business keeps its customers, prices and bank account.
Who holds the money?
A licensed payment partner and its sponsor bank. Paidfirst passes on the instructions the lender and the business agreed to. It is not a bank and does not hold funds in its own name.
Is Paidfirst a lender?
No. Paidfirst does not lend, broker loans or decide who gets funded. The lender makes its own decision and its own agreement with the business.
Is the report an audit?
No. It is a continuous monitoring report built from live payment and bank data. It is not an audit, a review or an opinion from an accounting firm.
Is Paidfirst available now?
Paidfirst is opening to a small group of pilot lenders. Request access and we will tell you where the pilot stands and what it would take to include your deals.
What does it cost?
Pricing is agreed with each lender during the pilot and put in writing before anything starts.
Paidfirst is in pilot and is operated by Levraq LLC. It is a software platform, not a bank or a lender. Funds are held and moved by a licensed payment partner and its sponsor bank.
Get paid
first.
Tell us what you fund. We reply within two business days with where the pilot stands.