Our core business is credit card processing merchant accounts but we offer any company that have been in business more than 6 months merchant cash advance up to $400,000. Please give us a call if you are interested in this type of loan. We have been in this line of business for more than 7 years and understand the industry and the need that is out there for our products and services. There are many people out there who have heard of these small business cash advance loans but do not completely understand exactly what it is. Because this is an alternative to traditional loans, most companies qualify regardless of credit score or credit history. This is not based on your credit and you do not have to sign a personal guarantee because you do not need to have collateral be get approved.
It is completely based on your merchant sales history. If your monthly volume is over $2,500 then you qualify. The only exception is a tax lien, foreclosure or bankruptcy. For example, if you process $50,000 per month you can qualify for an unsecured merchant loan between $150,000 to $350,000.
Basically it works like this; your business is advance 1 to 5 times your monthly sales volume and you pay it back from the sales you generate each month. So, if a particular month is especially slower than the previous, adjustments are made so you are paying it back based on your monthly volume. There are many businesses that prefer this type of payback system because there is really no late fee associated with this. Additionally, the financed amount will never go up due to late payment as there are none and small business prefer this due to the fact that the monthly payment amount is naturally paid back from cash flow from your business.
Companies can use it as a tax write off because this is a business expense. The entire process of getting approved is simple, you simply have to call us or email us and we will quickly fax or email you the application. The fastest way is to complete the online application. Once we get a completed application from you, the approval process is about 24 hours and most small businesses will get the funds in their bank account within 4 to 10 days.
We have been able to get restaurants, retail store and franchise operations approved and funded in a very short period of time. And they come to us because the bank has denied them and they need money to expand the operations of the business or purchase inventory to take the business to the next level. You don’t have to have good credit to qualify and the loan does not require any collateral. You just have to be in business more than 6 months. With what we offer you don’t have to worry about the banks and other financial institutions denying your application due to their strict regulations.
The funds can be used for just about anything you can think about as there are no restrictions on how the money is put to use. In which case, you don’t even need to come up with a business plan and present the plan when applying. All that is needed is the application which you have to execute and fax back to us, credit card processing statements, lease agreements for the business, a scanned or faxed copy of the owner’s license and a voided check and you are on your way to getting funded between $100,000 to $400,000.