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How do I qualify for a business cash advance?
We do not accept start-up businesses because the funds we
are giving you are a cash advance against your credit
card sales, therefore you must have at least one month
of VISA/MC credit card sales to qualify. |
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- Your business must accept a minimum of $5000 in
VISA/MC if you are in business one year+.
- If you are in business from one month to just
under one year, your VISA/MC sales must be at least
$10000 per month.
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How is the cash advance repaid? |
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This is the great part about the program. The
business repays the cash advance, not by writing out a
check each month, but automatically, through a small
portion of future, daily VISA/MC sales, generally 20% or
less. Although the percentage deducted from future
VISA/MC sales is fixed, the dollar amount repaid can go
down or up, depending on how busy or slow the VISA/MC
sales are on any given day. Business owners like the
fact that when they are slow, the funding amount repaid
is less, which helps a great deal with cash flow. |
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