Merchant Cash Advance

Merchant cash advance offers merchants the ability to borrow against their future credit card invoices in order to pay bills, make improvements or to free up cash for business purchases such as supplies and inventory.

We offer you a way to improve your business for the future by accessing cash now. It’s not a bank loan,  so you’re more likely to be approved, and your cash becomes available quickly.

We have several flexible funding programs to meet your unique situation. Our customer service is unparalleled and you’ll be dealing with the company principals directly on each and every merchant cash advance. A merchant cash advance program offers fast, smooth and uncomplicated processing of funding in under 10 days.

Once your merchant cash advance has been approved and you have received funding, you may use the cash in any way you see fit. Customers typically use the cash to support or upgrade their business in some way. Maybe you need repairs or inventory, maybe you would like to expand your present location or simply add a new location. Better still, maybe you’d like to seize an opportunity in your marketplace before a competitor does.

Pre-approval is usually obtained within 24 hours. Funding takes place within 10 business days depending on the amount of the transaction and the time it takes to get the necessary documents required to fund.

Merchant cash advance up to $250,000


Who Qualifies for a merchant cash advance ?

** If you’ve been in business for over a year and process at least $5,000 in credit card sales each month, you are well on your way to approval. We need to see copies of your most recent four months credit card processing statements. Your monthly credit card volume will qualify you for $10,000 to $250,000. The amount of receipts purchased is determined by your average credit card volume over a 4 month period.



Merchant Cash Advance FAQ

Question: What is a Merchant Cash Advance ?
A Merchant Cash Advance is a lump sum payment to a business in exchange for an agreed upon percentage of future credit card and/or debit card sales. The business authorizes the merchant cash advance company to take a percentage of its daily credit card income directly from the processor that clears and settles the credit card payments. Once the obligation has been met, usually in a year or less, the automatic deductions stop.
The merchant cash advance companies are most often used by retail businesses that do not qualify for regular bank loans. A merchant cash advance can be more costly compared with interest on a bank loan, ranging from 10% or higher effective discount. Merchant cash advances are not loans – they are a sale of a portion of future credit and or debit card sales. Therefore merchant cash advance companies are not bound by usury laws that would limit interest rates.
Despite the cost of merchant cash advances, the structure has many advantages over the structure of a conventional loan. Most importantly, payments to the merchant cash advance company fluctuate directly with the merchant’s sales volumes, giving the merchant greater flexibility with which to manage their cash flow, particularly during a slow season. Additionally, the ease, simplicity and speed of the application process, as well as the lower security position (i.e. behind that of the bank and landlord) associated with merchant cash advances are significant advantages. An example transaction is as follows: A business sells $25,000 of a portion of its future credit card sales for an immediate $20,000 lump sum payment from a finance company. The finance company then collects its portion (generally 5-10%) from every credit card and/or debit card sale until the entire $25,000 is collected.
There are generally three different repayment methods for the business:
1. Split Withholding: When the credit card processing company automatically splits the credit card sales between the business and the finance company per the agreed portion (generally 10% to 22%). This is generally the most common and preferred method of collecting funds for both the clients and finance companies since it is seamless.
2. Lock Box or Trust Bank Account Withholding: All of the business’s credit card sales are deposited into bank account controlled by the finance company and then the agreed upon portion is forwarded onto the business via ACH, EFT or wire. This is the least preferred method since it results in a one-day delay in the business receiving the proceeds of their credit card sales.
3. ACH Withholding: When the finance company receives the credit card processing information and deducts its portion directly from the business’s checking account via ACH.
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