How easy is it to get approved for a cash advance?

Over 80% of our applicants get approved and funded within 10 days. We use a streamlined approval process with information that requires minimal documentation.

Qualification is easy:

• Have you accepted Visa/MasterCard transactions for at least 6 months?

• Is your monthly Visa/MasterCard volume at least $2,500?

• Are all prior bankruptcies resolved?

• Do you have at least one year remaining on your current retail lease?

Our business cash advance program offers following pros over a business loan

• 24 hours Approval
• 90% Approval Rate
• Bad Credit OK
• Funds are provided in 10 days or less
• No Upfront Fees
• Fast Funding
• No Tax Returns Required
• No Fixed Payments No Closing Cost

Why a Business Cash Advance

No personal guarantees
No collateral pledge on your home or business
No liens
No points
No fixed payment schedule
No coupons or checks to write
No impact on your ability to qualify for other financing
No business use restrictions on the funding
No hassles - quick application & fast funding

HOW TO EXPLAIN THE PROCESS

Your business would continue to handle business as usual. The only difference now is that when you run a batch on your credit card activity, a fixed percentage of it will be forwarded to the Merchant Cash Advance provider. This continues until the full amount you promised to pay the cash provider is delivered.

So let’s say the agreement calls for you to forward 18% of your batches until the Merchant Cash Advance provider has received all $20,000 (*please note, the actual percentage varies, but it is always clearly established in the terms of a deal).

You run a batch report on Monday and see that you have processed $1560 in credit and debit card sales over the weekend. 18% of this is $280.80, so this amount ($280.80) is a payment automatically forwarded to the provider. It reduces the amount of future credit card receipts you owe to $19,719.20. You did nothing different—it was business as usual. Now, however, your credit card processor adjusts your batches to send your provider a fixed percentage until your obligation is fully met.

FAQ

Q. I am already with another financing company providing a similar financing, can you replace that arrangement and offer me more money.

A. Contact us to find out specifically how much we can offer you. We often offer larger advances than our competitors and will payoff your existing advance if it is in your best interest. Call us today to find out how much you are qualified to receive.

Q. How much does it cost to apply for a cash advance?

A. We offer a no cost/no obligation quote. There are no up-front fees and we do not charge for “out of pocket” expenses such as: credit reports, D&B reports, overnight mailing costs, etc.

Q. Does a cash advance require a personal guarantee?

A. No. Our Cash Advance does not require a personal guarantee, however, individuals may be liable in cases of fraud, misrepresentation, and as further detailed in contract.

Q. Can the daily payment percentage be changed after the account has been funded?

A. No. We maintain the percentage till the advanced is paid in full.

Q. I need a longer term than 6 months. Do you offer such terms?

A. Yes. We offer a 6 month and an 8 month program based on the merchant's needs.

Q. What if I already have a business loan?

A. Our product is an advance, not a loan. As long as you meet our requirements, we can still provide you with immediate cash, without affecting your other obligations.

Q. What can the Merchant Cash Advance be used for?

A. We have no restrictions on how the Merchant Cash Advance can be used for your business. Some common uses include expansion/remodeling, purchase of new equipment, purchase of inventory or seasonal merchandise, payoff of debt and taxes, and emergency funding.

Q. What if I already have a business loan?

A. Our product is an advance, not a loan. As long as you meet our requirements, we can still provide you with immediate cash, without affecting your other obligations.

Q. What can the Merchant Cash Advance be used for?

A. We have no restrictions on how the Merchant Cash Advance can be used for your business. Some common uses include expansion/remodeling, purchase of new equipment, purchase of inventory or seasonal merchandise, payoff of debt and taxes, and emergency funding.

For more information please contact us