Your lender asked
for Paidfirst.
It pays out each day of sales in an agreed order: your lender, then the bills that keep you running, then you. That is how the lender gets comfortable funding you.
Ask a question
What you get
Move the slider to see one day of sales paid out in order.
Lender's share
- LenderPaid first
15% of sales$723 - Approved bills
Payroll, rent, suppliers$1,940 - Owner
Everything left$2,157
Example figures. Move the slider.
- A lender can say yes
A lender that is paid out of your sales carries less risk, so it can fund a business it would otherwise decline, or offer better terms. - The important bills are paid on time
Payroll, rent, taxes and the suppliers you agreed with your lender are paid from a reserve set aside out of each settlement. - The rest is yours
After the lender and the approved bills, everything left goes to your own bank account when the settlement clears. - You see what the lender sees
One report shows your sales, what the lender was paid, which bills went out and what is left.
What changes, and what does not
- What changes
- Card and bank payments run through Paidfirst, and each settlement is split in the order you and your lender agreed.
- What does not
- Your customers, your prices, your bank account and who runs the business.
- What you agree to first
- The lender's share, the list of bills paid from the reserve, and how long the arrangement lasts. It is in writing before funding.
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. Paidfirst does not lend and does not decide whether you are funded; your lender does.
Ask before
you sign.
If a lender has put Paidfirst in front of you, we will walk you through how your sales would be paid out.