Business Cash Advance Through Credit Card Factoring
How does the business cash advance program work? Business cash advance or credit card factoring starts when the a small business funding company agrees to purchase a retailer's future credit card (Visa or Mastercard) receivables at a small discount (fee can range from $1.25 - $1.45) to give them the money they need right away! This type of funding is called Receivables Funding and is helping many restaurants, dentists, optometrists and retailers of all types to meet immediate cash flow needs without borrow money from the bank.
Here is how businesses can qualify. -- The business must accept credit cards (Visa or Mastercard) as a form of payment. -- A minimum of $5,000 is processed monthly. -- 6-months of past credit card statements and bank statements can be provided. -- The business has been in business for at least 1 year. -- Cash advance for people with poor credit. Credit score of less than 500 may be OK. [If you have been turned down by leasing companies; contact us.] -- A business can qualify for $5,000 to $125,000 depending on their average credit card volume. -- You can receive funding in as little as 10 days. -- Our network of funders have helped many members attending the International Restaurant Hotel and Restaurant Show with business cash advance for equipment purchase or equipment leasing options.
Unique Features -- No upfront fees or closing costs. -- Easy payback process -- no fixed payments. -- Approvals in as little as 24 hours. -- No financial required. -- A small percentage of each credit card transaction is collected through the processing bank. Minimum payback term is 90 days and merchants can take up to 6 months to payoff the entire amount. -- Pre-approval within 24-48 hours. Funding usually takes 5 business days once the required documents are received. Where We Can Help. Our program is especially suited for the following sitiuation: -- Start up loans owning, -- Small business loans no credit check, -- Non-conforming business loans, -- Affiliate business loans. Cash Advance Program (CAP) CAP is an Alternative Financing Method that allows retailers to increase sales, decrease collections as well as retain and satisfy their customer base.
Benefits -- The program is simple. Get small business financing without all the hassle. -- Funding can occur in as little as 10 days through our extensive cash advance network. -- Easy cash advance and payback terms and conditions. -- All fees can be included in the cost of goods. -- Available funding for opportunistic buys. -- Tax deductible. -- Improve cash flow. -- Builds business credit. -- No need to markdown inventory to raise cash for new inventory. -- Many receive additional funding for other purposes upon request.
More business cash advance and alternative funding option are available.
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