Frequently Asked Questions
How does the program work?
Your cash advance is repaid in small, daily increments from your credit card receipts. Your payment will decrease if your business is slow and you will repay faster when business is good! There are no fixed payments and no fixed term time frame.
What if I already have a business loan?
Our product is an advance, not a loan. As long as you meet our requirements, we can still provide you with immediate cash without affecting your other obligations.
How much can I qualify for?
$10,000 to $500,000 per location. We will need 4 months credit card processing statements to tell you exactly what you will qualify for.
How can I qualify?
You must have a business that accepts credit cards.
Credit card volume MUST be at least $10,000 per month.
Must be in business for at least 2 years.
How easy is it to get approved?
It is a lot easier and faster than a typical bank loan. We understand the reality and the hardship of owning and operating a small- medium size business.
Is there really NO APPLICATION FEE?
That is CORRECT. There is absolutely no application fee and certainly no catch. We do things differently than our competitors. We truly believe that charging an unnecessary application fee is not the way to do business. Our clients love our approach and keep coming back for additional cash.
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.
How quickly can I get a cash advance?
Funding typically takes place within 7 days or less. The funds are direct deposited into your business bank account and you can use the cash right away.
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.
How complicated is the paperwork?
The paperwork that you will need to fill out is quite simple and takes no more than ten or fifteen minutes to complete.
Do you offer a term longer than 6 months?
Yes. We offer programs that range from 4 to 12 months based on your business needs.
Do I have to switch my current credit card processor?
Yes. You must switch to our affiliated processors to receive funding.
Our affiliated credit card processing companies will meet or beat your current credit card processing cost structure. The bottom line is that you're not going to lose money for having to switch. (Most likely, you will be saving money by switching) Save up to 50%on your credit card processing fees, learn more…
Do I have to get a new credit card terminal?
Not usually. All you have to do is re-program your terminal, which takes only 10 minutes and it can be done over the phone. Our credit card processor will call you to give step-by-step instructions.
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