1. How can I qualify?
You have a business that accepts Visa/MasterCard/American Express/Discover
As a form of payment.
You process a minimum of $5,000 dollars per month.
You can provide 6 months of past credit card processing statements.
You have been in business at least 12 months.
2. How easy is it to get approved?
It is a lot easier and faster than a bank loan.
We understand the reality and the hardship of owning and operating
a small-medium size business.
The majority of applications are approved within 48 hours.
3. How can I speed up my cash advance approval?
You may do the following: Fax Visa/MasterCard/American Express/Discover
processing statements. Submit any information you might have omitted from the application.
Provide documentation to explain all items that may create a questionable credit report.
4. How do I get started?
Contact your Merchant Service Specialist at 1-800-366-1388 ext. 265,
or fill in the boxes on this page and hit submit. Someone will contact your shortly.
5. How does the program work?
You are advanced up to $1,000,000 based on your current Visa/MasterCard/American Express/Discover receipts.
A small percentage is deducted from your ongoing Visa/MasterCard/American Express/Discover receipts.
There are no fixed payments and no fixed term.
6. How much will the cash advance cost?
Pricing is based on the size of the cash advance, the estimated time of distribution, and various other integral details of the cash advance program.
7. Is there a fee for providing a cash advance?
No, there are no administration fees.
8. Will bad credit affect my cash advance request?
It is not necessary for you to have good credit to receive a cash advance. A poor credit rating, including delinquencies, will not normally influence a cash advance.
9. How fast can I get a cash advance?
As fast as 7 business days. If relevant documents are missing or are difficult to obtain, the process can take two weeks or more.
10. How much of a cash advance can I receive?
$5,000 to $1,000,000
11. How will I pay back the cash advance?
Payback is automatically deducted daily, based on a percentage of your daily Visa/MasterCard/American Express/Discover receipt.
12. Is this a loan?
No. This is not a loan. It is a purchase of future receivables.
13. When I have repaid my first cash advance, how easy is it to apply again?
If you have experienced no change in financial status you will be approved automatically.
14. How complicated is the paperwork?
The paperwork that you will fill out is quite simple and takes no more than ten or fifteen minutes to complete.
We have Funding Specialists on hand in our contact center to help you through this process.
15. Can I receive an additional advance while an advance from another company is still outstanding?
Yes, but we must pay off any outstanding cash advances out of our first advance to you. (You receive all remaining proceeds).
16. Is it going to cost me to apply for an advance?
No, the application is free and there are no up-front fees charged to our customers. The sooner you get your application in, the quicker we can get back to you on the amount of monies we will be able to advance you.
17. I have high enough overall sales, but my Visa/MasterCard/American Express/Discover volume is very low. Is there any way I could receive funding?
Yes. The minimum requirement for qualification of the cash advance program is $5,000.00 of your monthly Visa/MasterCard/American Express/Discover transactions. We custom tailor our products to suit our customers’ needs all the time. Just ask!
18. Can the advance be renewed?
When the advance balance is down to approximately 20% of the original balance, the merchant can request it. As a matter of fact, most of our customers opt to do just that. The owner of the business can request a renewal by phone, fax, or e-mail. Renewals are usually funded in less than 72 hours of being requested.
19. Who should I call right now with questions?
Call your Merchant Service Specialist at 1-800-366-1388 ext. 265, or fill in the boxes on this page and hit submit. Someone will contact your shortly.
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