Cash Advance Questions
How do I apply for a merchant account advance?
Simply fill out this basic questionaire and we will contact you for the rest of the information needed.
How soon until I can get the money?
As soon as 3 days from fill out the basic application form.
How can I use the money?
The money can be used for almost any needs related to your busines. Payroll issues, buying additonal inventory, physical improvements or upgrades or a timely opportunity.
How often are payments collected?
Payback is daily through a small percentage retrieved from the credit card receipts when they are batched.
Will I get a discount if I pay off early?
Since this is not a loan there are no penalties, nor any benefits for an early pay-off.
Will my credit be reviewed?
Yes but your credit rating does not carry the same weight as with traditional loans and financing. Having a poor credit history does not automatically disqualify you. Businesses with a troubled credit history that have had difficulty with traditional lending institutions may qualify for a merchan cash advance.
How much does this type of funding cost?
The actual amount of future receivables purchased is based on a number of factors, including the size of cash funding advanced, projections on a merchant’s cash flow needs, and other details that will be clearly specified by an individual funding specialist.
|