What is an Employee Retention Tax Credit Advance?
Sell your expected credit and receive funds faster. Put this capital to work now versus waiting with inflation on the rise.
Employee Retention Tax Credit Advance
- Qualifications for an ERC Advance
- What documents are needed?
- How to Apply for an ERC Advance
- What it will cost you
Qualifications for an ERC Advance
The borrower and owner have to be deemed “credible.” In good standing with creditors, no recent felonies or bankruptcies. No back taxes unless they can be paid off with net advancement proceeds.
There are no minimum credit scores or cash flow requirements.
For non-profits or foreign-owned entities, board members or C-suite executives must sign validity agreements.
What we need
Getting your ERC Advance is quite an easy process. But, you will still have to meet some stipulations which will include:
- ERC calculations used to determine the anticipated credit
- Supporting payroll, government orders, and gross receipts used to determine eligibility
- Signed 941x’s and proof of submittal to the IRS (FedEx or UPS tracking #)
- Name and D.O.B. of > 50% owners
How to Apply for an ERC Advance
To get started, please visit our Employee Retention Tax Credit page to start the application process.
Or email us at email@example.com and we will get back to you as soon as possible.
What it will Cost you
- 6-10% discount/purchase fee (depending on months the ERC has been filed)
- 3-5% analysis and processing fee
- 10% holdback/reserve that will be fully released once IRS payment is received
Benefits of an ERC Advance
Employee Retention Credit refunds have a turnaround time of 9-12 months, but by having an ERC Advance with Valiant, funds can be deposited in 2-4 weeks by selling your expected tax credit. In today’s market, it is beneficial to put capital to work now before losing against market rates as such with inflation on the rise.