We offer four different programs for four different types of merchants.
A merchant advance is a smart alternative to traditional financing.
We are the funding source. See why we are your best option.
FAQsFind the answers to your questions regarding our MCA program.
Obtaining a merchant advance from us usually takes less than 10 days. Learn more.
Frequently Asked Questions
We have compiled a list of commonly asked questions regarding our merchant cash advance program. If you have any further questions; please feel free to call us at (800) 828-0306
What is a Merchant Cash Advance?
A merchant cash advance is a quick and easy way for small and mid size businesses to get the working capital they need. We purchase a set amount of the merchant's future credit card receivables at a discount and take a small percentage of the daily credit card transactions to get paid back.
How Much Will it Cost to Apply?
Zero. It costs nothing to apply and see how much you qualify for.
How Much Does My Business Qualify For?
You can qualify for up to 200% of your monthly credit card volume. For example if you process an average of $35,000 a month in credit card sales you can qualify for up to $70,000.
How Do I Repay the Merchant Cash Advance?
We take a small agreed upon percentage of your daily transactions to repay the advance. This is what merchants find most attractive about our program; you pay back based on your own cash flow.
I Already Have a Merchant Cash Advance with Another Provider. Can I still Apply?
Sure, we will pay off your balance out of the funding amount and you will net the remainder.
Is There a Prepayment Penalty?
Since this is not a loan, there are no penalties of any kind. You can settle the account at any time by paying off the balance.
I Have Very Bad Credit. Can I Still Get Approved?
While credit history does have a role in underwriting, our merchant advances are not based on credit. We look at other factors such as type of business & length of time in business.
What Do I Need to Qualify for at Least One of Your Programs?
We have many programs to qualify for one of them you will need the following:
- Minumum $4,000 a month in credit card processing volume
- No unresolved bankruptcies, no unsettled liens or judgments
- Minimum 30 days in business
- Current with business rent or mortgage
Do I Have to Switch My Credit Card Processing Account?
No you do not have to switch your merchant account to ours. However, if you decide to use one our preferred processors we will a) match or in most cases beat your current rates b) provide you with next day funding (must qualify) c) a series of free services such as online access and 24/7 customer support
How Can I Learn More About the Program?
You can apply online or simply call (800) 828-0306 and ask for an account executive