Business Advance Frequently Asked Questions

How do you help businesses obtain working capital?
Through years of experience in the financial services industry, we’ve forged strong relationships with many financial lending partners. We will provide your business with a custom working capital program that is designed to help you manage your financial needs.

How does your working capital program work?
Our working capital program is a fast and convenient way to finance your business operations. This program provides an alternative form of business financing using a process called factoring. After reviewing at least four months of your credit card processing statements, we will project your future credit card sales volume and purchase a fixed amount of those sales. The funds are wired into your business bank account and we are repaid only when you make a credit card sale by deducting a small percentage of each transaction. Our program features no fixed monthly payments, no set time frame for repayment, no collateral, and the program does not affect your credit or future borrowing ability.

What are the program requirements?
In order to qualify for our working capital program, you must own a business that has been open for at least one year. You also must not have had a bankruptcy within the last 12 months. To qualify for our business advance program, you must currently be accepting credit cards with a minimum monthly volume of $2,500 in Visa/MasterCard.

What can I use the funds for?
Many of our clients use their capital to help grow or improve their businesses. This includes adding more seats to their restaurants, expanding their offices, showrooms or warehouses, increasing their advertising, adding to their inventory, stocking up on seasonal merchandise, or purchasing tools and equipment. Others use the cash to buy out a partner, or for emergency needs like unforeseen maintenance issues that could interrupt business. The bottom line is it’s your business and you should use the money for any need that will help you.

How much capital can I receive?
The amount of capital you qualify for depends on a number of variables, including time in business, annual sales volume, and industry type. Our working capital program can provide up to 150% of your monthly credit card sales volume. The maximum amount we provide is $250,000.

How soon can I receive the funds?
With our working capital program, the average time from receipt of a contract to having the cash deposited into your business checking account is 8-10 business days.
What paperwork is required?
All that’s initially required is a one page application, four months of previous processing statements, a copy of your business license, and your driver’s license. We will have a pre-approval back to you within 48 hours.

To speak with one of our knowledgeable business consultants, contact us.

Requirements

In order to qualify for our working capital program, you must own a business that has been open for at least one year. You also must not have had a bankruptcy within the last 12 months. To qualify for our business cash advance program, you must currently be accepting credit cards with a minimum monthly volume of $2,500 in Visa/MasterCard.

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