If you're an existing Wayflyer customer, applying for additional funding is quick and straightforward. In many cases, it's even faster than your first application since we already have your platforms connected, and your information on file.
When am I eligible for additional funding?
You can typically apply for additional funding once you've met these criteria:
You've remitted 60% of your open balance with Wayflyer (Some customers may be eligible for earlier top up advances, especially if you are seeing increased revenue and growth since your previous round of funding)
Your eCommerce, marketing, analytics, and bank connections are active
Your account is in good standing with no outstanding issues
How to apply for additional funding:
If you're eligible for additional funding, you'll see a "Request Advance" button in your account.
Log into your account
Navigate to the Advances tab
Click "Request Advance" (If you do not see this option at the top of the Advances tab reach out to your account manager or [email protected])
Provide additional funding details
Submit your application
What happens after I apply?
Your account automatically reviews all business data to determine if we have all required information for an underwriting review. If we are missing anything from a reporting standpoint, you will receive an email request to provide the additional information.
Your application will be reviewed by our underwriting team. If they find a need to request any additional information you will receive an email outlining this request, the request will also be displayed in your account.
If approved, you'll receive personalized funding offers in your account. If declined you will receive an email letting you know why, and what is required to be approved in the future.
You can customize, review, and accept your preferred offer.
Sign the updated agreement, then receive your funds within 1-3 business days.
Frequently Asked Questions:
Will I get better terms than my first advance?
Many returning customers see improved terms (lower fees, higher amounts, or better repayment options) based on their successful repayment history and business growth. However, terms are always based on your current financial performance and risk profile.
How will a new advance work with my existing one?
Your new advance can be handled in two ways:
Blended: Combined with your existing balance into a single repayment with one remittance rate, the remittance rate will be the percentage of revenue in the newest offer you accept. This offer is not available for direct loans.
Stacked: Kept completely separate with its own remittance rate and payment schedule. Loans, as opposed to MCAs, will always be stacked.
You will see the repayment option selected in your advance information screen, however feel free to reach out to your account owner, or Wayflyer support with any questions.
Why don't I see the "Request Advance" button?
The button appears when we determine you're likely eligible for additional funding based on a number of factors, including:
Your repayment progress (typically 60%+ repaid via cleared payments, not pending or processing payments)
Your account health status
Your current risk assessment
If you don't see it but believe you should be eligible, contact support, we will be happy to review your specific account and eligibility.
How can I best keep my account healthy for access to additional funding?
To ensure you're notified as soon as you're eligible for additional funding:
Keep all platform connections active (check the Connections tab regularly)
Complete any outstanding tasks in your account
Maintain good repayment performance on your current advance
Update your business information if anything changes
For questions about your eligibility for additional funding or help with the application process, contact your account manager or [email protected].