Merchant Advance Qualifications

Restaurant, Retail, Service, Internet Biz
1 Year In Business (2 yrs. for Internet)
Minimum $4K Visa/MC Monthly Volume
500 Minimum FICO Score
No Open Liens or Bankruptcies
Good Standing w/Landlord
One Year Remaining On Lease

Merchant Cash Advance vs. Bank

Not A Loan - No Effect On Credit Line
All Costs Are Tax Deductible
Repayment Based On Total Biz Volume
Does Not Affect Debt/Income Ratio
Personal Credit Not Determining Factor

What You Can Use The Money For

Inventory - Advertising - Expansion
Rennovations - Taxes - Emergencies
Working Capital - Leisure - Equipment

Business Cash Advance FAQ

What is a BUSINESS CASH ADVANCE?

A business cash advance provides small business owners with access to needed capital. We advance money by purchasing a pre-determined amount of the business sales volume sold through a credit card merchant account.

How long will I have to wait to find out if the Business Cash Advance has been approved?

Approval is usually obtained within 24 hours once required documents are sent to underwriting. Funding usually takes 1-3 weeks, from the date an application is submitted.

How much can a business qualify for?

Businesses can qualify for $3,000 to $300,000, up to 125% of their monthly sales.

How do you determine the size of the Business Cash Advance?

The amount of receipts purchased is determined by the average credit card volume over a 180 day period. We encourage submission of any documentation (bank statements, sales tax receipts) that supports total sales volume in order to be approved for the highest amount possible. We will approve your business for the largest amount possible based upon the documentation provided.

How does a business repay the Business Cash Advance?

The company collects a small percentage of each credit card transaction through a preferred processing bank.

Does the business receive the same low rates as their existing credit card processing account?

Yes, we will match current processing rates.

What are the requirements for a business to qualify?

	Restaurant, Retail, Internet, or Service Business
	At least 9 months in business (2 Years for Internet Business)
	Accept credit cards as a form of payment
	Provide processing statements for the previous 6 months of at least $4,000 per month in credit card sales.
	Provide 1-2 months of bank statements with consistent balances for higher approval amounts
	Acceptable personal and business credit (may have as low as 500 personal credit)
	Has no open tax liens, judgments or bankruptcies
	Is in good standing with landlord with at least one year remaining on lease
	Special funding programs are available for newer businesses and internet businesses. Call for information.

The Fee?

The fee can range from 1.25 to 1.45 and is based upon: underwriting guidelines, length of time in business, length of lease, monthly credit card volume, average monthly sales volume and past business history.

What are the other benefits?

	The program is simple!
	Funding can occur in as little as 10 days
	Easy payback terms and conditions
	Can include all fees in cost of goods
	Available funding for opportunistic buys
	Tax deductible
	Improves cash flow
	Builds business credit
	Increases "open to buy" for retailers
	No need to mark down inventory to raise cash for new inventory
	May receive additional funding for other purposes upon request
	No set term

Get Info - Get Started - Get A Merchant Cash Advance

Merchant Cash Advances

Merchant Advance Qualifications

Merchant Cash Advance vs. Bank

What You Can Use The Money For

Business Cash Advance FAQ

Get Info - Get Started - Get A Merchant Cash Advance