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Frequently Asked Questions

  • A merchant cash advance is the purchase of future credit card receivables or bank deposits (sales) at a discount in exchange for upfront capital
  • The amount of the advance is based on the merchant’s average monthly credit card volume.
  • Typically, the advance is 100-200% of a merchant’s monthly average Visa/MasterCard and American Express processing volume.(50-150% on bank deposits)
    • Exampe: If a merchant is accepting $10k a month of credit card transactions we can generally qualify them for $10-$20k.
  • Example: We will advance a merchant $10,000 today in exchange for $12,000 of their future credit card sales.
    • In this example we are demonstrating a 1.2 Factor. The cost of the funds would be ($2k) as the payment factor.
  • The estimated term of a cash advance is typically between 5 and 12 months.


A cash advance is the ideal funding solution when a business owner needs to:

  • Meet payroll
  • Expand inventory
  • Improve facilities
  • Advertise
  • Pay taxes
  • Open a new location
  • Pay operating expenses
  • Working capital for merchants that experience seasonality or cyclicality

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  • Operating in business for at least 6 months (case by case exceptions)
  • Must have 4 months of credit card processing history
  • Minimum average monthly charge volume of $5,000
  • Batch out an average of 10 times a month
  • Minimum FICO of 500
  • No open bankruptcy
  • Must have a commercial checking account
  • A lease with a minimum of one year term
  • Must not be more than one month behind in rent or mortgage
  • Need a valid Business License or Corporate Documents
  • Resolvable tax liens & judgments – payment plan etc.
  • Seasonal businesses must provide 12 months of statements
  • Existing cash advance must be 50% or less than the proposed cash advance

During there underwriting process, there are additional procedures required to approve certain merchants

Additional procedures include but are not limited to:

  • Merchant Interview
  • Landlord Interview
  • Reference checks
  • Site Inspections (typically on advance amounts of over $25000)
  • UCC filing checks and confirmations

Here are our basic underwriting requirements for businesses that do not accept credit cards…

  • Minimum 2 years in business
  • Minimum 10 deposits per month
  • Minimum $2,000 average daily bank balance
  • Max 5 NSFs(days) per month
  • Minimum $15,000 monthly revenue
  • All forms of revenue accounted for, verified by bank deposits
  • Visa/MC processing is not required

Types of Businesses

  • Restaurants
  • Medical Offices
  • Automotive Repair and Parts Supply
  • Contractors
  • Hotel & Motels
  • Liquor Stores
  • Optical Stores
  • Gift shops and boutiques
  • Jewelry Stores
  • Pet stores
  • Escort Services
  • Gambling / Gaming Services
  • Businesses with average monthly Credit Card Sales under $2,500

Not a problem…you can still qualify!

No, you may still apply for funding without a business plan.

Personal collateral is not necessary, you may still apply for funding.

Not a problem…you can still qualify!

Not a problem…you can still qualify!

Not a problem…you can still qualify!