| What is Merchant funding |
 Merchant Funding is a very easy, very fast way of getting money for your business.
We are not a lender. We do not lend you money like a bank does. We BUY your future credit card receivables at a discount.
When people pay your business via credit card, we take a small percentage of the transactions until all the invoices we purchased are finished.
You don't even need good credit! Our criteria for funding your request has more to do with the amount of time you have been in business and how much you process in credit card business per month.
One of the only requirements is that we replace your credit card processing system. Don't worry, we use North American Bancard which is one of the largest and most trusted financial institutions. We will simply change out your current system with absolutely no down time and we'll do it within 24 hours. Also, we will offer you the exact same rates- and maybe even beat your current credit card transaction rates!
We do this so that we will ONLY get paid when YOU get paid.
Your merchant funding repayment program is managed by an electronic payment gateway service that enables merchants to manage credit card transactions at any time. It is safe, secure, fast and reliable. |
Use your fast cash advance
for any purpose you choose: |
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Open new locations, remodel or renovate existing locations |
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Debt Consolidation, Payroll |
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Build business credit |
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Seasonal or clientele cash flow fluctuations |
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Purchase new equipment and inventory |
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Launch advertising and promotional programs |
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Buyout a partner |
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Acquire or merge with a competitor |
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Increase Marketing |
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Merchant funding is a perfect alternative to a small business bank loan. It is ideal for small to medium sized businesses that do not want the hassle of monthly payments, high interest loans, and long-term debt.
It simply borrows against your future business revenue through your Visa and MasterCard transactions. A percentage of these transactions are deducted and paid to the provider. These small fees are deducted until your business cash advance is repaid. Merchant funding and business cash advances are used for a variety of reasons. Many business owners have ideas for growing their business but simply "need money to make money". If you are a small to medium sized business and would like to see your business expand, renovate or start a marketing campaign, a business cash advance may be just what you are looking for. There is no timeline for repayment, because we are paid when you are paid. Merchant funding is absolutely the fastest and most simple way to help grow your business. |
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| Here are some commonly asked questions: |
What are the Terms and details of getting cash for my business?
How do I qualify?
What does it cost?
How fast can I get money?
How do I get started?
What will be my Clients' reaction when I sell my accounts receivable?
Can you give me an example of how it works?
How long does it take to repay the advance? |
| To Top |
| What are the Terms and details of getting cash for my business? |
- No application fees
- No closing costs
No equity loss just cash when you need it the most
- Tax returns are not required except on a case by case basis
- Financial statements are not required except on a case by case basis
- No fixed payments, no fixed repayment schedule- we get paid only when you get paid
- Approval as fast as 24 hours
- Pre-approval in as fast as 48 hrs
- Cash funding within 7 days
- Approval for all credit types good and bad
- 90% approval rate for funding approval
- 98% approval rate for merchant card services
- Businesses must accept credit cards
- Business must process minimum $5000 a month
- Business must provide 6 months of past credit card statements and bank statements
- Must have been in business for at least 1 year
- Must have no open tax liens, judgments or bankruptcies
- Business is in good standing with landlord with at least one year remaining on your lease |
| Back to Questions |
| How do I qualify? |
| If you are processing over $5,000.00 average per month in credit card transactions, and have been processing credit cards for at least a year, you already meet our minimum requirements for funding. Next step is to fill out the online application and then wait for underwriting to let you know what else if anything is required for final approval. |
| Back to Questions |
| What does it cost? |
| The application process is free. Once funding occurs and when payback begins, the funding fee is added to the original principal and then gradually withdrawn on a percentage basis every time a batch total is performed. The funding fee will vary based upon the level of risk that is being assessed. However we do have a 90%+ approval rate! |
| Back to Questions |
| How fast can I get money? |
| Pre-approval can occur within 48 hours of receiving the initial application, and if approved funds in most cases are advanced within 7 business days, sometimes sooner. |
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| How do I get started? |
| Everybody's first step should be to fill out the online application. If there is an extreme emergency feel free to call our 800# and talk to one of our funding specialists. |
| Back to Questions |
| What will be my Clients' reaction when I sell my accounts receivable? |
| Since this is not receivable financing the clients won't even know or care that this transaction has taken place. |
| Back to Questions |
| Can you give me an example of how it works? |
| Once approved, your merchant account(s) are transferred over to our processing system. As soon as the first batch is verified and correctly deposited through the new system the approved funding is automatically deposited into your account. It's that simple. |
| Back to Questions |
| How long does it take to repay the advance? |
| Repayment is variable depending upon how much and how frequently batching out takes place. We withdraw a small percentage from the batch total as our payment. If you don't get paid we don't get paid. If you get paid slowly we get paid slowly. There are no prepayment penalties. Typically we try to estimate a repayment program with all of our clients to fall within 6 to 12 months. But obviously this needs to remain flexible. |
| Back to Questions |
