HOW DO I QUALIFY FOR THE PROGRAM?
In order to qualify for this program, you must be currently accepting credit cards at your business, while maintaining a minimum average of $3,500 per month in credit card sales. You also must have accepted credit cards for the past 6 consecutive months. (CLICK HERE TO APPLY FOR FUNDING)
I AM A START-UP BUSINESS, CAN YOU HELP ME?
You must be in business at least one year (or close to a year) and have accepted credit cards for the last 3 consecutive months.
IF I AM CURRENTLY IN ANOTHER CASH ADVANCE PROGRAM THAT'S SIMILAR TO YOURS, WOULD I STILL QUALIFY?
Yes, of course you would qualify.
We may have to “split fund” to satisfy the other cash advance company in full, but you would immediately net all of the difference.
The “split funding” solution is sometimes required, but not always.
Please contact us at 347-223-8495 to find out for sure.
HOW MUCH PAPERWORK IS INVOLVED?
There is just a simple one page application. (click here to view the application)
Complete the application and fax it back (fax: 641-795-5325) with your last 3 months of your credit card processing statements. Bank Statements are not required, nor are any other business financials.
HOW LONG IS THE APPROVAL TIME?
Approvals are usually made within the same day or the next business day, with funding typically taking place 3 business days thereafter.
WHAT CAN I USE THE CASH FOR?
You can use this cash for various purposes such as to buy-out a partner, expand and/or remodel, purchase inventory at a discount, or buy new equipment.
Basically you can use the funding any way you see fit.
HOW LONG WILL THE PAYBACK TAKE?
There is no set time frame for payback, and there are no checks to write. This seamless payback works directly with the flow of your business. Basically, no credit card sales on a particular day, equates to no payback…it’s really that simple!!!
DOES FILLING OUT AN APPLICATION OBLIGATE ME TO ACCEPT THE ADVANCE NOW?
Of course not. Many merchants apply to see what they’ll be approved for. It ensures that if the need for a quick cash infusion arises, you’ll know where you can turn. (Approvals are typically held on the books for 90 days. After 90 days, we may request another 3 months of your credit card processing statements.) (click here to apply now)
WHAT’S THE PAYBACK PROCEDURE?
Payback is so simple. You repay us through your future credit card sales, by us capturing a small fixed percentage (anywhere from 5% to 25%) of your credit card sales until the advance is satisfied.
We only get paid back when a customer pays you with a credit card. We do not capture nor do we even know about any other forms of payment from your customers.
Please note:
We never capture all of your credit card sales, only the small, initial agreed upon percentage until the advance has been satisfied. After the advance has been paid in full, then you are on your own again…
CAN I RENEW BEFORE MY ADVANCE IS PAID OFF?
Yes! Actually over 75% of our customers renew their Cash Advance (many over and over again), with renewals considered usually within 3 months of the initial funding, if the need arises for more cash. The choice is totally up to you.
WHAT IF I WANT TO PAY OFF THE ADVANCE EARLY? ARE THERE ANY PENALTIES INVOLVED?
Unlike most companies, we do not penalize for an early payoff. The choice is again totally up to you, and of course your financial situation.
WHAT IS THE A.P.R. OR THE COST OF THE MONEY FOR THE ADVANCE?
This is NOT a loan product, so there is no A.P.R associated with this type of funding. This is an advance of your future credit card sales. There is no set time frame for payback unlike traditional bank loans.
The amount we can fund you is contingent upon your credit card processing monthly volume. The higher your credit card volume, the higher the funding amount will be.
The cost of the money is fully explained on the Cash Advance approval sheet.
WILL THIS ADVANCE SHOW ON MY CREDIT REPORT?
Your credit report will not show this as an outstanding advance (this is business to business).
However, what will show is an inquiry that we pulled your credit report, unless it is requested that we not do so. If you have a recent valid credit report (120 days or less), we can sometimes use that instead.
MUST I SIGN A PERSONAL GUARANTEE?
Unlike your traditional bank loan, there are no personal guarantees to sign.
DO I NEED TO PUT UP ANY COLLATERAL?
We will never ask for collateral.
IS BAD CREDIT ACCEPTABLE?
Yes, we fund all types of credit, as long as the one signing the application doesn’t have an open bankruptcy.
If there was a bankruptcy within the last 5 years, then discharge papers might be required for approval.
WHAT ARE MY CHANCES OF BEING APPROVED?
We have a 90% approval rate for business owners.
HOW DO I GET STARTED?
Call us toll-free at 347-223-8495, or just simply fax your last 3 months of your business credit card processing statements, along with your contact information (Name, Phone Number and/or Cell Number and your E-mail Address).
Upon receipt and review of your documents, we will contact you and send our simple one-page application (CLICK HERE FOR THE 1 PAGE APPLICATION).
DO YOU HAVE DIFFERENT CASH ADVANCE PLANS FOR DIFFERENT SITUATIONS?
Of course we do. Call us directly toll-free at 347-223-8495, so we can work with you, to find the most flexible plan to best meet the needs of your business.
CAN I REFER MY FRIENDS, FAMILY OR BUSINESS ASSOCIATES?
Of course you can!!! As long as they own a business for at least 4 months and fit the above criteria.
Please forward this information to them or please send me their contact information.
We fund all types of businesses as long as they are currently accepting credit cards.
