FREQUENTLY ASKED QUESTIONS

What is a Business Cash Advance?
A fixed dollar amount of your businesses future credit card sales volume is purchased at a discount. In exchange your business will receive a lump sum of working capital which is wire transferred via ach directly into your bank account. This money can be used for any business purpose. Your business functions as it always does. When you batch your electronic card sales a fixed percentage is automatically retrieved from your volume and forwarded by the processor for repayment. Less this small percentage you would still continue to receive your credit and debit card funding in as little as 1 business day. We get paid when you get paid. And there are no penalties if the process takes longer than the timeframe estimated. 

How Much Will it Cost to Apply?
There are absolutely no application or upfront fees of any kind. 

How Much Does My Business Qualify For?
Typically you can qualify for up to 200% of your monthly credit and debit card volume. For example if you process an average of $50,000 a month in sales you can qualify for up to $100,000. 

How long does the approval process take?
In most cases, the Merchant Cash Advance approval process takes between 5-7 business days. However, in some cases, it can be as quick as 48 hours. 

What is the interest rate?
A Merchant Cash Advance is not a loan and does not have an interest rate.

I Already Have a Business Cash Advance with Another Provider. Can I still Apply?
Yes, we will pay off your balance out of the funding amount and you will net the remainder. 

Can I qualify with bad credit? 
The credit history of the business owner is NOT considered as much as it would be for a traditional small business bank loan. The major disqualifier would be a current bankruptcy and any unresolved tax liens or court judgments totally more than $175,000 total.

Does applying affect my credit rating?
Unlike with a traditional bank loan or credit card cash advances your funding is not reported to the credit reporting agencies so obtaining a merchant cash advance will not significantly affect your FICO score. 

Do I need to provide collateral?
No collateral required.

Do I have to switch my credit card merchant account?
No, although after taking the time to compare our rates most merchants do switch because we can often meet or beat their current processing rates. In additional our merchants often compliment our personalized customer service which is available 24 hours a day.

How can I learn more?
Call now at: 1-888-857-9154 x 707 or click here to apply now.