Typical merchants that qualify are: » Restaurant, Retail or Service Business » In business at least 1year » Accept Master Card and Visa credit cards as a form of payment » Merchant must provide merchant processing statements for the previous 3 months » Merchant must process at least $2,500 per month in credit card sales » Provide 3 months of bank statements with consistent balances for higher approval amounts » Acceptable personal and business credit (may have as low as 500 personal credit) » Has no open tax liens, judgments or bankruptcies » Merchant should be in good standing with landlord with at least one year remaining on lease
The Fee The fee can range from 1.25 to 1.45 and is based upon: » underwriting guidelines » length of time in business » length of lease » monthly credit card volume » average monthly sales volume » past business history trade lines
Additional benefits of getting your business cash advance
» Funding can occur in as little as 48 hours after approval » Easy payback terms and conditions » May be tax deductible » Infusion of cash improves cash flow » Merchants can use a business cash advance to build business credit » No need to mark down inventory to raise cash for new inventory » No set term for repayment of business cash advance
or call us at 866 383 6737 for information on getting your Business Cash Advance.