We receive a lot of questions from business owners looking for a business finance advance and merchant cash advance loans. We have answers to the general questions we get asked most frequently below. Please feel free to contact us by phone at 888-237-6920 or email for more information.
We purchase your future credit card transactions at a pre-determined rate and provide you, the merchant, with an immediate Business Finance Advance. Our program does not alter the merchant’s normal business activity. We simply leverage your future credit card sales as the method to pay back the Business Finance Advance.
For merchants who accept credit cards, we research previous activity to determine the Merchant’s Business Finance Advance limits. For businesses that produce $2,500 per month or more in credit card sales, we tailor the Business Finance Advance proposal accordingly.
There are neither up-front costs or closing costs or application fees. Our source of income is derived from our purchase of your future credit card transactions.
Payments are retrieved through the pre-determined small portion of credit card transactions on a daily basis. A Business Finance Advance through our program is short-term funding. If the merchant’s business enters a slow period, our collection slows in line with the slower cash flow. The merchant enjoys the ultimate flexibility to preserve important cash flow.
We offer a number of financing options for our Small Business Funding programs. As our Small Business Funding programs are not Business Loans, an interest rate does not apply. Normally, we pay the merchant approximately seventy four to eighty cents on the dollar of each credit card transaction.
A Business Finance Advance has a minimum of $5,000 to a maximum of $1,000,000. The Business Funding the can be loaned is based on the merchant’s business performance history.
Credit worthiness always has bearing. Our underwriting department reviews the scope, history and viability of the merchant’s business. The integrity of your business model is of the utmost importance. Remember that our progress is your success. We will work hard to grow your business.
We only require the 6 most recent credit card statements for your business. The activity on these statements is the single most important factor in determining the merchant’s Business Finance Advance.