Business Cash Advance Details
Utilizing a merchant cash advance requires a business owner have an established merchant account with a specific amount of proceeds being generated from their business. A business owner receives an immediate deposit of working capital into the business’ checking account in exchange for future debit of credit card sales. The collection process is fully automated through the merchant's credit card processor, and normally requires less than one year to complete. Your monthly credit card sales will determine the amount of your business cash advance, and your personal comfort level will be a substantial factor in setting your repayment schedule.
Working with our merchant processing system we will automatically deduct a small percentage of your credit card sales to repay your business cash advance. No loan payments will be made by your business or your account, no late fees, no stamps, no hassles! This could be the best method for your business to get the cash it needs while reducing the risks of borrowing from a bank. Leaving your attention on your business while the debt disappears.
Minimal Cash Advance Requirements
Have been in business for at least 4months
Processes a minimum of $4,500.00 in credit card sales per month
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