Business Services
Merchant Cash Advance – Get a Fast Affordable Merchant Cash Advance
​
Merchant Cash Advance Services
Our Merchant Cash Advance funding program is intended for businesses that collect the majority of their revenue from credit card sales. Funds are commonly used for business needs such as purchasing inventory or equipment; making property improvements or repairs; hiring new employees; employee training; or even advertising.
A Merchant Cash Advance can immediately improve your business cash flow by infusing cash amounts of $5,000 to $500,000 and have a flexible repayment plan or fixed payment amount until the advance is repaid. Variable payments, which are determined by calculating a percentage of daily credit card sales with no time limit to repay, are also available. The Merchant Cash Advance is essentially a contract for the sale of the business’s future credit card receipts.
Business Loans – Get Fast Affordable Loans for Your Business
​
​
​
Business Loans
If your business mainly collects revenue via cash or checks, then the traditional business loans may be for you. In order to qualify for a traditional business loan, you will need to meet the following requirements:
-
Minimum Average of monthly sales of $10,000 or more
-
You carry an average balance of $1,000 or more in your checking account
-
You make at least five deposits every month
-
No more than 10 insufficient funds checks in the last 6 months
-
FICO score is above 500
You can opt to make fixed payments on a daily, weekly or monthly basis, or you can pay a percentage of your sales receipts.
Business Cash Advance – Get a Cash Advance for Your Business
​
​
Business Cash Advance
With the traditional Merchant Cash Advance funding program, a business would receive a business cash advance and make payments via their credit card processing company. Since not all businesses collect the majority of their revenue using credit cards, we also offer a funding program for businesses that deposit their sales revenue in their bank checking account.
With our ACH Business Cash Advance program, we can offer cash advances to these merchants and business owners. This program allows business owners to make payments via their business checking account. The agreed upon repayment amount is determined before the business cash advance contract is signed. These repayments are paid back daily through ACH debits, until the cash advance is paid back in full. This means that business owners are no longer required to process credit cards to receive a business cash advance, and those who do process credit cards, no longer have to change processors to obtain such business funding.
The business cash advance program not only increases our ability to offer funding to businesses that do not process credit cards, but also enables our Merchant Cash Advance clients to keep their relationship with their current credit card processor who they may have remained in business with for several years.