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The Cash Advance Program
allows a merchant to sell their future receivables at a discount so that
they can use the funding for working capital, equipment purchases,
advertising, renovations, inventory, taxes, emergencies, expansion and
more. This program provides up to $750,000 in funding to retail
establishments that have been in business for at least one year. Funding
is based on future Mastercard and VISA sales, not credit scores.
This program has
provided thousands of small business owners with working capital. All
retail, service and restaurant owners find themselves needing capital to
grow and manage their businesses. At times, these businesses are
unlikely to obtain a commercial loan from financial resources because of
unacceptable debt to income ratios or low personal or business credit
scores.
Easy to Qualify
- Must generate a minimum
of $4,000 MasterCard/Visa sales per month
- At least One year in business
- Provide Visa/MasterCard merchant statements for previous 6 months
- Provide 6 months bank statements
- Personal score at least 500 (No open Tax Liens, judgments or
Bankruptcies)
- Good Standing with Landlord, (at least one year remaining on lease)
Businesses Can:
- Qualify for $5,000 to
$750,000
- Receive funding in as little as 10-days
- Use credit card
transactions to pay off the Business Cash Advance. This is not a
business loan, but an advance.
- Raise the business
credit score.
- Enjoy no upfront
fees, no closing costs, no equity loss.
Benefits
- Fast Approval and Funding
- Lower Credit standards than traditional lender
- Tax benefits
- No Collateral or Equity needed
- No Financials or Tax returns required
- No hassle payback process
- Use the funds for any use: Including advertising, equipment purchases, renovations, inventory,
accounts payable, taxes and more!
- Ideal for retailers and restaurants
- Helps build business credit
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