Merchant Cash Advance FAQ
We will attempt to answer
your questions as best as we can. If you still have questions, we will be more than happy to help. Call us at (800) 539-5447 to speak to a cash advance specialist.
What is a merchant cash advance?
A merchant cash advance is quick and easy way for small and mid size businesses to get the working capital they need. We purchase a set amount of the merchant’s future credit card receivables at a discount and take a small percentage of the daily credit card transactions to get paid back.
How much does my business qualify for?
You can qualify for up to 200% of your monthly credit card volume. For example if you process an average of $35,000 a month in credit card sales you can qualify for up to $70,000.
How do I repay the cash advance?
We take a small agreed upon percentage of your daily transactions to repay the advance. This is what merchant’s find most attractive about our program; you pay back based on your own cash flow.
Is there a prepayment penalty?
Since this is not a loan, there are no penalties of any kind. You can settle the account at any time by paying off the balance.
What do I need to qualify for a merchant cash advance?
We have many programs to qualify for one of them you will need the following:
- Your business must accept Visa and MasterCard as for of payment
- Minimum $2,500 a month in credit card processing volume
- Minimum 6 months in business
Do I have to switch my credit card processing account?
No you do not have to switch your merchant account to ours. However, if you decide to use one our preferred processors we will a) match or in most cases beat your current rates b) provide you with next day funding (must qualify) c) a series of free services such as online access and 24/7 customer support
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Merchant Cash Advance 
