How do business cash advances differ from business loans?

Business cash advances are based on merchants' future credit card transactions. Unlike traditional loan programs, a cash advance is totally unsecured (does not require collateral or a personal guarantee). The program is available to business with good or bad credit. Because the merchant cash advance is based on future credit card receivables, a good credit score is not required to be approved. Unlike loans, applying for a business cash advance takes literally minutes and approval is typically done within 24 hours.



What can business cash advances be used for?

Merchants are free to use funding from their cash advances for anything they desire. Unlike other financing options available to businesses through banks and private lenders, we do not require a plan for the funding advance and we don't require that it be used for any specific purposes. A cash advance can be used for expansion, renovations, payroll, equipment, general business cash flow, or anything that you decide.


What types of businesses / merchants are eligible for the cash advance program?

Any business that processes a minimum of $3500 per month in credit card transactions and is not a home based business can be approved for a merchant cash advance. Start-ups and home-based businesses are currently not eligible, and businesses must currently be processing credit cards with a physical terminal (paypal and other online payment gateways do not qualify).


How is a business cash advance repaid?

Repayment on business cash advances are simple and easy to manage! The best features of a business advance are: automated and flexible payments. Because advances are based on future credit card sales, your business pays back its advance based on sales volume – making repayment amounts suited to your business ability to make those payments. When receivables are slow, payment amounts are less, meaning we work within your business's cash flow situation.
FAQ'sHow easy is it to get approved? How do I qualify? How does it work? Any other fees? What if I have bad credit? How fast will I receive the funds? How do I pay it back? Is this a loan? How long is the application process? How likely can I get approved? Do I have to switch my current processor or get a new terminal? Who can I call if I have any questions? How do I get Started? Read below the answers are all here!How easy is it to get approved?

-Our approval rate for unsecured cash advances is over 95%!
-To be approved simply complete the online application

 FAQ's


How easy is it to get approved?   


How do I qualify? How does it work?   


Any other fees?   


What if I have bad credit?   


How fast will I receive the funds?   


How do I pay it back?   


Is this a loan?


How long is the application process?   


How likely can I get approved?   


Do I have to switch my current processor or get a new terminal?   


Who can I call if I have any questions?   


How do I get Started?


Read on the questions to these answers are here!


Do I qualify for a cash advance?

-If you accept credit cards you qualify for our unsecured cash advance program!  

How does a cash advance work?

-We advance your business up to $250,000
-depending on your needs and your current monthly volume of credit card sales.

Any other fees?

-There are NO other fees!  

What if I have bad credit?

-Unsecured cash advances are based on future sales not credit.
-Bad credit is usually not a problem. 

How fast will I receive the funds?

-After being approved you can receive funds in 7 days or less.
-Funds can be deposited directly to your checking account. 

How do I pay it back?

-It's completely automated!

Is this a loan?

-No. Its a cash advance against your future credit card receivables.

How long is the application process?

-The application only takes a few minutes and or less and in some cases approvals can be within 48 hous.  

How likely can I get approved?

-More than 95% of applicants are approved 
 

Do I have to switch my current processor? -Yes, and the reason being is in order for you to repay the advance, the processing company has to have the ability to remove anywhere between 15% to 25% of your daily batch out towards your new advance.

Who can I call if I have any questions?

-Call a Funding Specialist at 1-888-744-2944 Toll Free).

How do I get started? Click Here