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Business Capital is cash available to your company
that may be used for several reasons. Business
owners have heard for years, "you need money to make
money" and in today's business age this is the truth.
Restaurants need capital for equipment or dining room
sets, retail stores need cash advances for inventory,
maybe you want to buy out your partner. To each
his own but in any business cash is king and
FundsWired.com can help you get the capital you need to
achieve your immediate business goals!
In today's day we have retail stores that are also
selling online via E Commerce Web Sites. Consumers
can search for the best prices in minutes making the
competition very thick. The only edge retailers
are able to get on their rivals is to offer the best
price on their products.
What determines how much capital my business can
receive?
There are a few factors involved in how much capital
a business may be funded:
- The dollar amount of a business’s monthly
VISA/MC sales. The more VISA/MC sales, the more cash
advance a business is eligible to receive. When
determining what amount to fund a business, the
funding company takes an average of a business’s
last 4 months of VISA/MC sales. The amount funded
can be anywhere from 70% to 150% of that average.
- How long in business. In most cases, businesses
open one year or more can be eligible to receive the
maximum amount of funding. Those in business less
than one year receive less.
- Credit. Unlike conventional lending institutions
that place almost 100% of their lending criteria on
credit worthiness, the cash advance program is
different. Because this is not a loan, but a cash
advance against future credit card sales, therefore,
a person’s credit can be much less than perfect and
he or she can still receive the funding they need
for their business.
If a business owner has not had a bankruptcy in last
365 days, has no tax liens over $175K, and is
current on rent, generally he or she will be
eligible for funding.
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Have questions about funding?
Fill out our quick form below!
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