FUW Training Quiz #1

What is Revenue-Based Financing (RBF)?

• A loan based on a fixed interest rate

• A financial arrangement based on current and future revenue streams

• A grant provided by the government

• A credit line extended by a bank

Which of the following is faster but more expensive than ACH transactions?

• Bank transfer

• Check deposit

• Wire transaction

• Credit card payment

What does NSF stand for?

• No Sales Fund

• New Sales Fund

• Non-Sufficient Funds

• Non-Standard Financing

What does stacking refer to in the context of funding?

• Repaying multiple loans simultaneously

• Receiving funds from multiple companies at once

• Consolidating debts into one payment

Which document is required for granting permission to make payments from a merchant’s account?

• ACH Authorization Form

• IRS EIN letter

• Articles of Incorporation

• Credit Report

Which system is the main work tool for McKenzie Capital specialists that contains all information for each merchant?

• Apex

• Data Merch

• Salesforce

• SBFA

A/an ________ is a government office responsible for overseeing business registrations within a state.

If a payment transaction is successfully approved and applied, it is called a ________.

A charge that is returned to a payment card after a customer successfully disputes it is known as a ________.

When McKenzie Capital provides an existing merchant with additional funds without paying off active financing, it is called ________.