Merchant Cash Advance
Provides cash advance on future credit, debit, installment sales & consumer contracts.
Merchant cash advance, alternatively known as consumer receivables factoring will provide you with immediate working capital for future credit, debit and installments sales and consumer contracts. It will allow you to generate more sales and focus on managing effectively and growing your business, instead of on problems of cash flow or collections.
How does it work?
If you accept credit or debit card payments or sell big ticket goods or services on payment plans, you can request immediate cash advance for your projected credit and debit card sales or for big ticket items, receive lump sum payments upfront for each sale even as your credit qualified customers will be given extended time to pay.
For credit or debit card cash advance:
You can obtain cash advance on credit and debit card sales primarily based on a proven total sales volume over a period and not necessarily based on your personal credit. Repayment of cash advance will be collected through a flexible and automated system of partial withholding from future debit and credit card transactions –a small and agreed percentage of each credit sales will be collected as payment until cash advance and fees are paid in full.
General qualifying requirements:
The following are general qualifying requirements for a merchant cash advance loan:
- You’ve been in business at least 9 months
- You accepts MasterCard and Visa credit card payments
- Have 4 months processing statement
For installment contracts sales advance:
On installment payments for the sales of big ticket goods or services, you can receive up to 80% initial lump sum cash advance plus rebate and allow your credit qualified customers to make periodic payments until paid in full.
It is easy as 123 to get started:
Step 1: Complete and submit application or call us at 866-245-0020
Step 2: After review of your application, a representative will contact you to discuss your status and funding options.
Step 3: If approved, final documents will be completed so you can start to receive funds.
Merchant cash advance will allow you to avoid traditional and restrictive debt financing. Plus, get:
- Initial approval in as little as a few hours
- No upfront fees or closing costs
- Fast turnaround
- Easy repayment systems
- No additional collateral pledge
- More customers and sell more to new and existing customers
- And much more
To get started, please download and print our merchant cash advance application form or call 1-866-245-0020.