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Frequently Asked
Questions
How
much of an advance can I qualify for?
The amount you can qualify for is based upon your average credit
card volume, your past business history and meeting
other simple requirements.
How
do I repay my cash advance?
The
funds advanced to you are repaid daily based on a set
percentage of your Visa/Mastercard volume and it's done
automatically at the time a customer makes a retail
purchase - right at the moment a Visa or MasterCard is
swiped.
Is
this a loan?
No.
A cash advance for your business is not a loan in any
way and our partners are not banks or traditional
lending institutions. Money is advanced based on a
revolutionary method to finance your business
operations. There are no loan payments books or dealing
with people that do not understand your business. There
are no hassles of dealing with banks and being subject
to their strict qualification requirements. A cash
advance is based on your future credit card sales.
A percentage of these sales is automatically deducted
from each transaction to pay back the funds advanced to
you. You can monitor this activity with printed
statements and on the Web if you desire. The program is
simple, straightforward, and easy to implement.
What
are the fees?
The fees can range from $1.25 to $1.50. This
means that a merchant repays between $1.25 to $1.50
for every dollar received and is based upon
acceptable credit, length of time in business,
length of lease, monthly Visa/MasterCard volume,
average monthly sales volume and past business
history.
What
are the benefits of the cash advance program?
•No upfront fees or closing costs
•Easy payback process - no fixed payments
•Fast funding, in as little as 1-2 weeks
•Approvals within 24-48 hours
•Builds business credit
•No financials required
What
can I use the money for?
-
Remodeling
-
Expansion
-
Marketing
-
New
Equipment
-
Payroll
-
Inventory
-
Emergencies
-
Partner
Buyouts
Will
I need to change credit card processors?
You will most likely need to change to a preferred
processor that will meet or beat your present processing
rates. The transition will be seamless.
Will
my personal credit need to be reviewed prior to a cash
advance approval?
Our
partners use a business-friendly scoring system that
blends general economic data, business and guarantor
information to assess risk. Considering your personal
credit is a part of the process.
How
long will I have to wait to find out if my cash advance
has been approved?
Pre-approval
is within 24-48 hours. Funding usually takes 7-14
business days once the required documents are received.
How
will I keep track of payments made and balances left on
my cash advance?
Our
funding partners will provide you with a printed
statement and access to a customer portal on the web.
You will have all the information you need to keep up to
date on your cash advance status.
How do I apply for a cash advance?
There are several ways you can apply for a cash
advance. You may complete the Cash Advance
Application by clicking on the link below, or you
may call our toll free number 1-877-223-2999 and speak
with a Funding Advisor.
*This is not a loan
product.
Cash Advance Application
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Cash Advance Application
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