Frequently asked questions

What is a business cash advance?
A business cash advance is an easy, efficient, and secure way to obtain operating or venture capital for your small business needs. It is important to understand that a business cash advance is not a loan. A business cash advance, also known as credit and receivables factoring, is the purchase of your future credit card receivables at a discounted rate. The amount of funding that you can get depends on your monthly credit card sales.

How can a business cash advance help fund my business' needs?
We offer a cutting-edge working capital program to help you manage your company's cash needs. Our business cash advance program is a simpler and more responsive alternative to traditional small business lending. A business cash advance from us offers you the flexibility needed to raise capital so that your business may continue operating normally during even the most challenging financial times.

How does the business cash advance program work?
Our program offers a fast and convenient way for business owners to get the cash they need to run their company. It is not a business loan, which means no checks to write, no fixed monthly payments, and none of the restrictions/excessive documentation typically associated with a bank loan. Approval rates are much higher than a bank loan and funds are typically wired to your business account within 10 days. Repayment is based on a small fixed percentage of your future Visa and MasterCard receipts until the pre determined payback amount is satisfied. We get paid as you get paid thus helping you manage the cash flow of your business, especially during slower months.

How do I apply for a business cash advance?
Just fill out our secure online business cash advance application today for quick and easy approval. You may also apply over the phone or via fax. Once we receive your application, you will be contacted by one of financial representatives.

How do I know if I qualify for a business advance?
Our proprietary approval process allows our merchants to enjoy high approval rates and funding within 10 days.
Qualification is easy:

• Have you been in business for at least 1 year?
• Is your monthly Visa/MasterCard volume at least $2,500?
• Are all prior bankruptcies resolved?
• You must have at least one year remaining on your current retail lease?
• If you answered yes to these questions then you are pre-qualified.

Will I be approved?
95% of small businesses, even those with little or no credit history, are approved for our business cash advances.  Once you meet our requirements and are able to provide adequate verification.

When will I find out if my business cash advance application is approved?
Once you have submitted the complete application package, we will review it and contact you within 24 hours. Approval is fast and simple. You may get funding in as little as 5-10 business days.

I am already with another financing company providing a similar financing; can you replace that arrangement and offer me more money?
Contact us to find out specifically how much we can offer you. We often offer larger advances than our competitors and will pay off your existing advance if it is in your best interest. Call us today to find out how much you are qualified to receive.

Are there any set-up fees?
No, there are no application or set-up fees for your business cash advance.

Do I need to change my merchant processor?
Yes, you will need to change. This is the revolutionary way in which the merchant fulfills their cash advance obligation by allowing the processor to split-fund the payment daily.

Are there fees associated with changing merchant processors?
There are no fees associated with changing merchant processors when your advance is funded. We will guarantee to meet your current credit card processing rates.

What is the interest rate associated with my business cash advance?
Your business cash advance is not an interest-based loan. Business cash advances are not loans at all; therefore your financial obligation will be met through a percentage of your daily credit card receivables.

How do I pay the money I borrowed back?
Your payments are based on a predetermined percentage of your average credit card sales over a period of time. We purchase a portion of your credit card receivables at a discount when we make the advance for you. There is no fixed payment amount or set time period. Payments roll with your cash flow, so if sales are slow for a period, you simply pay less.

Can I pay early?
Yes, you may repay your business advance early if you are financially secure and ready to do so. Remember, if you experience a high volume of credit card sales, your cash advance will be paid off earlier than scheduled as payment is always based on a predetermined percentage of your credit card sales determined from your average credit card sales volume.

Do I qualify for a discount if I pay early?
No, we do not offer a discount for paying earlier than scheduled. Remember, a business cash advance is not a business loan therefore there is no monthly payment schedule.

Can I renew my business cash advance?
Yes, and most of our clients do. We encourage renewals of your cash advance once you are 50% paid back.

Do you have any restrictions on how the business cash advance is used?
There are no restrictions on how you can use the money received from your business cash advance.

Whom do I call with questions about my account?

Customer Service is available to assist you:
Monday - Friday: 8:00 am to 6:00 pm EST
Phone: 1-800-210-8805
Click here to contact Customer Service.