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Merchant Cash Advance | Quick capital to grow your business

Posted by Alex Neir on Tue, March 13, 2012 @ 02:23 PM
Merchant Cash Advance Loan

A merchant cash advance is an easy, quick and cost effective way to get working capital for your business without the headache of a traditional loan. Qualification for a merchant cash advance is far less strenuous than traditional lending instruments. Cash is available in as little as 4 business days and is deposited directly into your business account.

How does it work?

A merchant cash advance allows your business to receive a lump sum payment based on your future credit card payments. You decide how much money you would like advanced. That money is then deposited into your account for use as you see fit. The cash advance is automatically paid back over a predetermined number of months. Over those months a specific percentage of each sale is used to pay for the advance. You have absolutely nothing to worry about as the advance is paid back automatically.

What are the qualification requirements?

Qualification for a merchant cash advance is easy and includes:

  • A least a 500 credit score
  • You are currently processing greater than $5,000 a month
  • Your business primarily swipes credit cards and your average ticket is less than $600
  • You perform at least 15 batches per month
  • Your business has been operational for more than one year

If you would like additional information on a merchant cash advance, please provide us with your contact information and a representative will be in touch to discuss the program in detail.

Merchant Cash Advance Get Started

Tags: Merchant Cash Advance, Cash Advance, Merchant Account Education

Merchant Cash Advance | An easy way to get capital for your business

Posted by Alex Neir on Tue, December 06, 2011 @ 02:12 PM
Merchant Cash Advance

With the current climate in the lending industry it has become exceedingly difficult for small to medium sized businesses to qualify for a business loan. That being the case what other lending options are available to businesses to raise the cash necessary for business growth?

A merchant cash advance could be the answer.

A merchant cash advance is a lending instrument that allows your business to take advantage of future credit card receivables for an instant infusion of cash. The qualification process is quick and easy and your business can usually receive an advance in as little as 3 days.

How does it work?

Our underwriting department will analyze your merchant account statements to determine the cash advance amount you qualify for. The maximum cash advance amount available is $250,000. Once an advance amount has been identified that amount will be wired into your business account.  At that point a pre-determined percentage amount will be held back from each subsequent settlement for a pre-determined amount of time. The percentage amount held will be applied to the repayment of the advance. A percentage of future credit cards receivables is used to ensure that a hardship is not imposed on the business as would be the case with a set dollar amount. The advance is automatically paid back so there is no action needed by the business owner or staff.

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Qualification requirements

  • 500 Fico
  • $5000 per month minimum processing
  • Average retail ticket less than $600
  • 15 batches per month
  • Bankruptcies discharged for at least 1 year

Tags: Merchant Cash Advance, Credit Card Factoring, Cash Advance

Can a merchant account grow my business?

Posted by Alex Neir on Thu, March 24, 2011 @ 02:19 PM
can a merchant account grow my business
Can a merchant account grow my business?

It is often thought that a merchant account is a liability for a business based on the fees that are charged in conjunction with its operation. How true is that sentiment?  Like any business decision, it’s prudent to weigh the costs against the benefits. On average you can expect to pay approximately 3% of your credit card revenue in merchant account fees. So, what is the benefit?

Many studies have shown that accepting credit cards can dramatically increase sales. One article released by Visa USA claims a 20 to 30 percent increase in sales for quick service restaurants. If sales can, in fact, be increased, what are some of the contributing factors that lead to increased sales?

  1. Convenience for Customers
  2. Expanded Sales Channels and Reach
  3. Ability to Leverage Receivables

Convenience for Customers

Let’s face it, you want to make it as easy as possible for your customers to pay you. You don’t want to loose a sale because you aren’t able to accommodate your customers preferred payment method. Whether we like it or not, cash and check payments are becoming a thing of the past as more and more consumers rely on their check and debit cards to complete most transactions.

Expanded Sales Channels and Reach

Another distinct advantage of establishing a merchant account is the ability to take your business on-line. The internet extends your store hours to 24 hours a day and 7 days a week. You are also able to increase your geographic reach as you can be found by customers all over the world.

Ability to Leverage Receivables

A superior advantage that most businesses forget about is the ability to leverage future credit card receivables for a cash infusion known as a Merchant Cash Advance. A Merchant Cash Advance works like this: the business sells the future credit card receivables at a discount in exchange for a lump sum advance. The advance is paid back as a percentage of the future sales and is automatically deducted from the merchants deposits each month. Through the leverage of future receivables the business is able to re-invest and expand without the need for traditional business loans that can be extremely difficult to qualify for, especially in today's economy.

Based on this information would it be worth spending 3% to make an addition 20%?

Would you like more information about setting up a merchant account?

Tags: Merchant Account, Cash Advance, Can a merchant account grow my business

Business capital without a loan? A cash advance may be the answer!

Posted by Alex Neir on Tue, September 21, 2010 @ 02:42 PM
merchant credit card acash advance

The lending community has tightened up considerably in the last few years making it extremely difficult to access additional business capital unless your business has large cash reserves.  Wouldn’t it be nice if you could leverage your sales to secure an advance of cash instead of relying on traditional lending guidelines and requirements?

A merchant credit card cash advance provides working capital for your business secured by a portion of your future credit card receipts. The guidelines for a merchant credit card cash advance approval differ from a traditional loan as a merchant credit card cash advance is approved based on the history of receipts not on credit and collateral. These facts make it much easier for a small to medium sized business to attain the capitol necessary to grow the business.

Traditional underwriting requirements for a merchant credit card cash advance are as follows:

  • 500 FICO score or better
  • $5000/ month minimum processing
  • Average retail ticket less then $600
  • 15 batches / month
  • Bankruptcies discharged for at least 1 year
  • In business for at lease one year

Additional benefits include:

  • Advance is invisible: Advance does not show through the credit reporting agencies as a loan or line of credit
  • Large advance amounts: Up to $250,000
  • Repayment is automatic: A fixed percent of each future sale is directly debited
  • You don’t pay unless you get paid!

 Interested in getting pre-approved for a merchant credit card cash advance? Our underwriting is fast and easy!

Tags: Merchant Cash Advance, Merchant Credit Card Cash Advance, Cash Advance