The percentage of reserve varies depending on the business revenue and results of underwriting.
A reserve of certain percentage of daily Visa and Master Card sales kept aside for repayment.
We make cash advances from $3,000 to $500,000. Depending on your Visa and MasterCard sales, you could receive up to 100% of your processing volume.
From pre-approval to set-up for funding will take 3 to 5 business days.
We look at the average monthly Visa and MasterCard processing sales over a selected period, along with a credit report review, longevity of the business and if there are any other liens on the business.
Nothing. There are absolutely no application or set-up fees, closing costs or hidden cost.
A Merchant Cash Advance is not funding but a purchase of future credit card receivables, better known as receivable factoring.
No interest charged on Term Funding. A flat fee is added to the funding amount.
Yes, you can apply for Term Funding more than once, after the initial funding is paid in full.Also, additional funding can be requested while the current one is in operation.
Yes, the Term Funding is open and can pay-off without penalty at any time.