Flexible Funding That Works For Your Business — Not Against It.
Is IDRAW right for you?
IDRAW, exclusive to Irving Fund, designed to provide fast, flexible financing. It combines the speed of a merchant cash advance with the flexibility and affordibility of a true no-prepayment penalty LOC, offering: No Prepayment Penalty – Customers only pay for the time they use the funds. Multiple-Draw Flexibility – Businesses can access their funds in separate draws, allowing them to take only what they need upfront and request the remainder later. Competitive Terms – Lower rates, monthly and bi-weekly payment options, and rapid funding to support business needs. IDRAW gives you the freedom to draw, repay, and re-draw on your terms. Whether you need short-term cash flow, a safety net, or capital to scale your business quickly, IDRAW lets you access funds without getting locked into a costly, fixed, longer-term repayment schedule.
Draw, repay, and re-draw - on your terms. IDRAW works like a revolving credit line. Once approved, you get access to a maximum draw amount. You can take funds when needed, repay early if you choose, and then draw again - without having to go through another approval process.
Based on a loan amount of $100,000
Payback Period
Cost
Total Payback
4 months
$6000
$106,000
6 months
$12,000
$112,000
10 months
$18,000
$118,000
16 months (max/natural payoff)
$24,000
$124,000
4 month payback period
$6000 Cost
= $106,000 Total Payback
8 month payback period
$12,000 Cost
= $112,000 Total Payback
12 month payback period
$18,000 Cost
= $118,000 Total Payback
16 month payback period
$24,000 Cost
= $124,000 Total Payback (Maximum or Natural Payoff)
Enter an amount you'd like to draw to see an example:
Irving Fund is not a bank or an authorized SBA vendor. We partner with a number of banks to facilitate SBA financing for our clients. Irving Fund does not perform a hard credit pull at any point in our process, for SBA LOANS a hard pull may be required at the time of funding. You will be notified in advance of this taking place. Rates shown vary based on product, credit determination, state law/minimum loan amounts and lender criteria. Not all applicants will qualify for financing, all loans are subject to credit review and lender approval. We provide business financing through a network of third-party banks and funding providers.
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