 What is a BUSINESS CASH ADVANCE?
A Business Cash Advance provides small business owners with the ability to raise needed capital. We advance Cash by purchasing a pre-determined amount of your business's sales volume sold through your credit card merchant account.
Why haven't I heard of this before?
Business Cash Advances or receivables financing as it is referred to in the banking industry has been around since the 1950's. It wasn't until a few years ago that retailers, restaurant owners and service businesses could take advantage of this type of funding.
Will I receive the same low rates as my existing credit card processing account?
Yes. We will match your current processing rate. In some cases after evaluating your current statements we may be able to reduce them.
How long will I have to wait to find out if I have been approved for my business cash advance?
Pre-approval is usually obtained within 24-48 hours. Funding usually takes 1-3 weeks depending on the amount of the transaction and the time it takes to get the necessary documents required to fund.
How much can I qualify for?
Your average credit card volume will qualify you for $2,500 to $300,000. Higher volume businesses can qualify for a larger limit.
How do you determine the size of the business cash advance I qualify for?
The amount of receipts purchased is determined by your average credit card volume over a 90-120 day period.
How do I apply for a business cash advance?
There are several ways you can apply for a business cash advance. The easiest way is to fill out our Quick Cash Approval Application. You can also call our toll free number 866-411-4006 and speak with a Funding Advisor.
How do I contact a representative if I have questions or problems?
Our customer service department is available to answer questions or problems during regular business hours Monday - Friday 9:00 to 6:00 EST.
How do I repay my business cash advance?
We collect a small percentage of each credit card transaction through our processing bank.
Can I use my existing credit card processing account?
You may need to change to a preferred processor that will meet or beat your present processing rates. The transition will be seamless. |
Funding
