Merchant Cash Advance

Listen to a quick audio clip that explains the Merchant Cash Advance in simple terms:

A Merchant Cash Advance is the purchase of future credit card receivables from the business owner; it is not a loan and has no fixed term or fixed repayment schedule. Payment is deducted from daily credit card receipts.

The process for applying for a Merchant Cash Advance is much simpler than a bank loan or credit line and the funds are available in 3 to 7 business days. We understand that many small businesses struggle with cash flow and sometimes opportunities are missed due to of lack of funds. This program helps small and mid-sized businesses expand their company, purchase equipment, add additional inventory, or invest in the future growth of their company.

Here’s how Merchant Cash Advance works:

Your average monthly volume is reviewed to establish your maximum allowable advance. You review and sign the paperwork and the cash is sent to you within 3 to 7 business days via a direct deposit!

Benefits of Merchant Cash Advance:

  • Merchant can receive up to $500,000
  • Payback based on timing of Visa / MC / Discover / Amex receipts
  • No fees or penalty for extended payback period
  • A/B credit not required
  • Financials / tax returns not required
  • Requirements in order to be eligible for the advance:
  • Merchant must be in business for at least 3 months with 3 months of ownership
  • Your merchant account must be with us. If it isn’t already, we will charge nothing for you to switch and will meet or beat your current costs
  • You must provide the previous 4 months of processing statements, 2 months of bank statements, and a copy of a state or federally issued photo ID
  • Trade references are required