$3,000 to $300,000 (per location)
If you own a restaurant, retail or service business that has a strong cash flow from credit card transactions but can't finance through traditional
financing, we have the cash you need for business development and
expansion. The funding we provide is secured by your future credit card
receivables.
If you meet our underwriting requirements, you can receive a cash
advance of up to $300,000, payable directly from your credit card sales
via a predetermined percentage of each transaction. In this way, the speed of
the repayment fluctuates with the daily ebb and flow of business volume.
Since this is not a loan, we can help your business succeed without adding the burden of another monthly bill.
The funding process is simple: just fill out our online application and a funding advisor will contact you to collect the information we need to underwrite the business cash advance. Within days of the initial application, the funds are deposited directly into your business' bank account or made as a payment to your creditor on your behalf. Finally, we are repaid gradually from a percentage of your credit card transactions.
Reward yourself today by taking advantage of one of your most valuable
assets... YOUR CUSTOMERS.
Be our next success story!
Do You Qualify?
➪Retail (brick and mortar), restaurants, service businesses with consistent clientele
➪At least 9 months in business
➪Accept credit cards as a form of payment
➪Total gross sales must be at least $10,000 per month, with a minimum of $4,000 in Visa/MC per month or $2500 for franchises or pizza restaurants
➪Provide processing statements for the previous 4-6 months with at least $4,000 per month in credit card sales
➪Provide 2 months of bank statements with consistent balances
➪At least 500 personal credit score with no open personal tax liens, judgments or bankruptcies in the last three years
➪Dunn and Bradstreet rating – No open judgments, liens or suits.
Merchant Cash Advance FAQs
How much of an advance can I qualify for?
The amount is based upon your average credit card volume and your past business history.
How do I repay my business cash advance?
We collect a small percentage of each credit card transaction through one of our preferred processing banks.
Will I need to change credit card processors?
You may need to change to a preferred processor that will meet or beat your present processing rates. The transition will be seamless.
How long will I have to wait to find out if my business cash advance has been approved?
Approval is within 24-48 hours. Funding usually takes 5 business days once the signed contracts are received.
How long do I have to pay back the advance?
We do not have a term, a set time period, an approximate payback. There is NO time limit. Our goal is for you to use our money to grow your business. As your sales are paid for with a VISA/ MC, we receive a fixed percentage of those sales.
How do you determine how much the percentage is?
We take a look at your historical sales, we evaluate how you run your business through your cash flow and the way you work with your vendors and suppliers. We have a unique software system that calculates the largest amount of a Business Cash Advance your business can obtain and based upon your income history it calculates how much of a percentage we receive everyday from your sales paid for with MC and Visa.
What happens if my sales are not what we thought that they were going to be?
We collect our money as your sales occur. If you have a slow day or a slow week, so do we. For instance, if your business is in the Northeast United States and there is a terrible snow storm, people aren’t going to get in their cars and go shopping or out to eat. We understand this. That is why we are advancing you money on sales, collecting only when those sales occur. There is no regular payment due ever!
How much does it cost? How much interest do we pay?
We charge a set fee for our money. The fee depends on the amount of risk the underwriters feel we are taking by advancing these funds to you and your business. We need to collect the information that our underwriters need to make the determination and then we can discuss the fee associated with the advance. There are no upfront fees or costs associated with this analysis.