Business cash advances for merchants are provided by sources who purchase a pre-determined amount of Visa/MasterCard sales receipts.
Cash Advances (also known as "account receivables factoring" in the banking industry) have been around for a while, but it was not until just a few years ago that merchants could take advantage of this type of funding. A business cash advance can be a great way for a company to get the funding it needs and pay the lender in a timely manner. Since the payments come directly from your credit card merchant account through a percentage of each credit card transaction your business makes, the amount due on the loan can be quickly and easily paid back.
- Your business must accept credit cards as a form of payment
- Your business must process at least $2,500 / month in Visa/MC sales
- Personal or business credit is usually not a major factor
The funds from this program is not a loan. It is an advance against Visa and MasterCard merchant account receipts. It is re-payed through the merchant account itself. We can help you find a great source of business cash advances for you business. If you do not already have a merchant account, we highly recommend that you sign up for one. We can also help you find the right merchant account provider to allow you to obtain business cash advances. Come run a capital search to find a great source of business cash advance for your business.