How do I make the payments for my Line of Credit? What are my payment dates? What if I miss a payment?

How do I make the payments for my Line of Credit? 

We will collect payments by processing an ACH debit from your business bank account every time a payment is due.   

Do I need to transfer, wire, or write checks for my payments?   

You DO NOT need to transfer, wire, or write checks. All collections are done through an ACH debit from your business bank account. 

What are my payment dates?  

Your payment schedule will be available on the "Line of Credit History” table found on your product dashboard within the SellersFi app. If you need additional information on your payment dates, please contact us at [e-mail].

What if I miss a payment?  

If you are experiencing financial hardship, please contact us immediately at [e-mail]. Each payment that is not paid when due is subject to a 5% late fee. SellersFi expressly reserves any and all rights, powers, privileges and remedies under the agreement, any documents executed in connection therewith, applicable law or otherwise with respect to any default.