Cash Advance for Working Capital Quickly
Our merchant cash advance program is one of the best in the industry. Our strategic sales partner provides cash advances to qualified merchants of up to $1,000,000.00. A cash advance allows you the flexibility to grow your business.
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 with 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 to one of our sales partners. There is no fixed payback schedule. The company takes 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.
Consider:
- 90% approval rate
- No monthly minimum payments
- No time limits
- No upfront costs or hidden fees
- No interest payments
- No usage restrictions
Different from a bank:
Banks typically require 2 to 3 years of operating history, whereas a cash advance only requires businesses to have processed for at least 60 days. And the approval process from a bank can take weeks, but the cash advance may be approved within 24 hours and fully funded within 7 days. Paperwork for a cash is minimal compared to a bank loan and credit requirements are not as stringent, with many merchants approved who have a credit score of 500.
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