Merchant Cash Advance
A Merchant Cash Advance is a discounted, prepaid purchase of your businesses future credit card receipts. This program permits businesses to receive financing today for the sales that they will make tomorrow and in the future by paying back a small percentage of their daily credit card receipts until it the advance is fully repaid. We simply purchase a portion of your future credit card receivables and advance that amount to you today.
Cash Advances are designed for businesses that do over $5,000 per month in credit card sales, such as restaurants, retailers, hotels, salons and certain service providers. Financing is based on measurable credit card sales, which is this is a great alternative for those with challenges to their credit score.
A percentage of your business’s credit card sales are automatically remitted daily until your advance is paid off. Then, go back to receiving 100% of your credit card sales. The retrieval percentage is carefully calculated to maximize your benefits- keeping your incoming cash flow strong, while overtime repaying your advance.
Merchant Cash Advances are available from $5,000 to $1,000,000.
Already have a Merchant Cash Advance? Not a problem, we can pay off your balance and provide you with additional working capital. Don’t want to pay off your balance? Find out more about our Supplemental ACH Program.