Merchant Cash Advance
Merchant Cash Advance is not a loan; it is a fund given against the monthly credit card sales volume to facilitate the instant availability of cash requirement of the organization. To get a cash advance, your company will need to fulfill the following conditions:
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Business must accept Visa or Master Card as a mode of payment
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Business must process payments of $1,500 or more in a month
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Business should have been operating for at least 2 years
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Non-seasonal businesses: credit card processing and bank statements for each of the previous three months immediately preceding the month of application as well as statements from the previous year for each of the three months immediately following the month of application
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Seasonal businesses: credit card processing and bank statements for each of the previous twelve months immediately preceding the month of application
Merchant Cash Advances are repaid from the future earnings, to be more specific; they are repaid from the future sales transactions processed through Visa and Master Card. A monthly percentage of these future sales is used as the determining factor for repayment. There is no repayment schedule, repayment occurs automatically and follows your business revenue flow.
Benefits of a Merchant Cash Advance:
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Use the funds received in cash advance for whatever purpose you deem desirable
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Process is as simple and risk free as possible
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Easily acquire cash advance against their credit card sales receipt
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Does not depend on your credit score, it uses your future credit card receivables for repayment
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Does not require a personal guarantee
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No fixed monthly repayment schedule
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Do not give away equity ownership in your business
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Repayment of your cash advance follows the revenue trend of your business and your cash sales are not used for repayment
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Helps you get through cash crunches and cope with shortages of working capital
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Useful in planning an expansion, etc.
If your business needs an injection of cash flow, apply for a business cash advance and start enjoying financial stability.
PROBLEM: You Are Interested In Getting Money Now!
SOLUTION: Let Us Help You Today!
How Can You Get Started Today?
Start by completing the Profile below. The attached form (not a binding obligation) is to assist us in obtaining preliminary information about your financing needs. All information given is retained in the strictest confidence and will only be used by your Business Finance professional to evaluate your company's specific needs. Upon receipt of your information, you will be contacted to answer any questions that you may have and to explain the services that may best suit your company. Or for a “complimentary consultation” and to learn more about our financing programs that can keep your business in complete financial control, call 888-601-5777 today or email us at info@gatewaytocapital.com. |