Qualified merchants can get a $5,000 to $250,000 cash advance against future credit card sales! Use the money to stock up on inventory, advertise and market your business, or anything else you can think of. A business cash advance enables you to generate the working capital you need to improve your business without having to negotiate with a bank or worry about long-term credit card interest. Instead, your company may qualify for a cash advance of up to $250,000 by leveraging an asset you probably haven’t thought of—your future credit card receivables! A business cash advance is an excellent and often overlooked source of short term financing that you can take advantage of today.
We offer an approval process that’s much easier than a traditional bank loan and can provide you funds typically within 7 to 10 business days. We are not a bank and this is not a loan. You will receive up-front capital in exchange for the right to purchase your future credit card receivables. The cost is typically 74 cents for every dollar you sell. There is no fixed payback schedule. Payback comes from a percentage of your future credit card sales until the advance is repaid. If your sales slow down, the payback slows down.
The payback percentage varies based on how much you want to be advanced compared to your monthly sales. It’s typically between 10-20%. Our goal is to help you grow your business and to not interrupt or hurt your overall cash-flow. You’ll typically qualify for up to one month’s worth of your credit card sales volume or 100% of your monthly volume, perhaps a little more or less depending on your overall gross sales and cashflow.
To take advantage of all that a merchant cash advance has to offer, you must:
- Have a history of processing credit cards at your business for at least 60 days.
- Process at least $5,000 a month in credit cards.
Contact CSA today to find out more about cash advance or visit our Cash Advance page for more information!
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