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A business cash advance is an unsecured cash amount given in exchange for a small portion of your future credit card sales. The repayment is simple – a pre-agreed percentage of your future business’ credit card transactions.
Perhaps you have had issues getting a bank loan or just started looking for a way to get that extra cash. Cash Advances are a perfect alternative to bank loans. The processing company already sees your income through credit cards. This gives them the ability to decide on whether to loan you money or not. If they do, then instead of putting the dollar amount you were to be paid from credit card transactions, they take out a certain amount to pay back the loan plus interest.
Another option when the bank says no.
Your business must currently be taking credit cards. Will need to provide your last 3 months of credit card statements.
Approximately 5 Business Days to receive money.
“This money will get us through the summer and saved me from closing my doors.”
Monday-Friday 9am-5pm EST