We purchase future credit card processing receipts each night you batch, we collect a percentage of the credit card sales; we continue the process until the advance is fully paid. Since this is not a bank loan, there is no interest or fixed term payment schedule that is typically associated with bank loans or traditional funding.
No. As long as you meet the terms of our contract, this will never be reported.
Depends upon your monthly credit card volume. Typically we can provide 100%-150% of your monthly credit card volume.
Yes. We can work all major credit cards as well as debit and EBT.
There is not an interest rate in our product. It’s an advance, not a loan. We charge a one-time flat fee. The way it works is we give you an advance based on your Visa/MasterCard business-and we charge on time fee. The way you pay us back is we take a small percentage.
We understand that all businesses are unique. That is why we require the last four consecutive months of your V/MC statements to run a quote. Once received, I can give you a call within minutes with the amount we can get you and the exact cost to you. Then you’ll be able to make decisions on your business’s future.
Qualifying is simple, you just need to: -Accept Visa and/or MasterCard as a form of payment. Process a minimum of $4,000 in credit card transactions a month. Provide your four most recent credit card merchant statement and three moths bank statements if your business and 12 months if your business is seasonal. Exist in business for six months.
Cash Advance is much easier and faster than obtaining a typical bank loan. We understand the reality and the hardship of owning and operating a small or medium sized business. Many of our Executive Funding Specialists have owned and operated their own businesses and can relate to the need for quick cash relief.
Your business can be advanced up to $1,000,000 based on your current credit card sales receipts. After you receive our funding, small percentages will be deducted from your future Visa/MasterCard receipts until the loan is paid back. This model alleviates the need to make fixed payments during a fixed time frame.
Pricing is based on the size of cash advance, the estimated time of distribution, and various other details of the cash advance program. This will be explained by our financial specialists during our initial consultation and again in the Cash Advance Approval Sheet. Is there a fee associated with the cash advance? There are no administration fees, Hurray!
It is not necessary for you to have good credit to receive cash advance. A poor credit rating, which could include delinquencies, will not normally influence a cash advance approval.
You can receive your money within 5 to 10 days. If relevant documents are missing or are difficult to obtain, you might wait as long as two weeks or more. How much of a cash advance can I receive? Cash advance range from $4,000 to $1,000,000
Cash advance range from $4,000 to $1,000,000.
Payments are based on a formula calculated on your cash flow projections; we consult with you to determine your optimal payment.
No, this is not a loan; it is a purchase of future receivables.
If you have experienced no change in your financial status, you will be automatically approved.
The paperwork that you will need to fill out will take no more than ten to fifteen minutes to complete. We have funding specialist on hand to help you through the process.
Our credit underwriting standard is slightly higher than that of similar companies; however, approximately 95% of our competitors’ customers who applied for our funding have been accepted. The only sure way to find out is by submitting an application.
No, the application is free and there are no up-front fees and charged to our customers. The sooner you get your application in, the quicker we can get back to you on the amount we can approve you for.
Yes. The minimum requirement for qualification of the cash advance program is $4,000 of your monthly Visa/MC transactions. We will tailor our product to suit your needs. Just ask how!
When the advance balance is down to approximately 20% of the original balance, the borrower can request a renewal. Most of our customer opt to renew. You can request a renewal by phone, fax, or e-mail. Renewals are usually funded in less than 24 hours of the request.