Unsecured Business Cash Advance for Merchants

If you are a business owner who relies on credit card payments to get paid for your services then you will be happy to know that we have a program that can provide you with needed working capital by advancing funds against these credit card receivables.

All retail and restaurant owners, dentists, veterinareans, chiropractors find themselves needing capital to grow and manage their businesses. At times, these businesses are unlikely to obtain a traditional bank loan due to unacceptable debt to income ratios or low personal or business credit scores or failure to declare a profit.

This is where we step in. We use the “real-time assets", the customers of the merchant to provide funding. A healthy business can rely on the fact that their customers will continue to spend money at theirestablishments. We provide an advance on those sales.The advance can be used for advertising, equipment purchases, renovations, expansion, inventory and taxes

THE CHALLENGE
We will fund the merchant based on a current issue of particular event, such as advertising, inventory, taxes, rent/mortgage, equipment or expansion

CUSTOMER BASE
We offer additional funds and consults with the merchant regarding a variety of programs to grow their customer base.

RAISING AVERAGE TICKET
We offer additional funds and consults the merchant on up selling, cross selling and selling higher margin items.  The funds are generally used for inventory and advertising.

ADDING UP-FRONT SALES
We offer additional funds and consults with the merchant on gift card and loyalty programs, private sales and special events.

TYPICAL MERCHANT PROFILE

• Restaurant, automotive service, retail store, beauty and day spa, franchise, doctor, veterinarian and others
• Funds used for remodel, inventory, expansion,
• seasonality, taxes, rent, cash flow, and advertising
• Merchants in all 50 states
• Avg. $15,000 -$20,000 per month in credit card sales
• Independent owners
• No formal business education

MERCHANT QUALIFICATIONS

• At least 9 months in business
• Processing statements for previous 4 months of at least $5,000 per month in credit card sales
• Provide 1 month of bank statements
• Acceptable personal and business credit, typically 500 or greater
• No large tax liens, open judgments or open bankruptcies
• In good standing with landlord and at least 1 year remaining on lease

MERCHANT BENEFITS OF CREDIT CARD BASED RECEIVABLE FUNDING

• No upfront fees or out of pocket costs
• Easy payback process -no fixed payments
• Fast funding, in as little as 7-10 days
• Approvals in as little as 24 hours
• Builds business and personal credit
• No financials required (under $50,000)
• Factoring commissions are tax deductible
• Complimentary business consulting with professionals

CREDIT CARD ADVANCE ITEMS NEEDED CHECKLIST

• 4months Visa/MC statements
• 1month Business Bank statements (corresponding month as the V/MC statements)
• Must have an approved merchant account
• Articles of Incorporation (including online search when available)
• Sole proprietors must provide a fictitious name certificate
• 76% Officers/Partners social security numbers, contact telephone numbers, home addresses and telephone numbers and all officers ownership percentages
• Voided business check
• Copy of Driver’s licenses of 76% of owners officers/signers
• 3 largest vendors are needed with the name of the vendor, contact name, phone and fax number and account number if applicable
• Landlord information –contact name and telephone and fax numbers
• Multiple location addresses and telephone and fax numbers with contact names