WHAT IS A MERCHANT CASH ADVANCE?
The merchant cash advance is not a loan. It is a type of financing of advance payment that allows a business to take an immediate amount against its future revenue. The merchant cash advance is used to manage operational expenses and for the growth of your business.
There are a few procedures to repay the merchant cash advance, which depends entirely on the type of your business. Usually, the merchant cash advance repayments are not fixed; they fluctuate depending upon the volume of your actual future sales.
Your average monthly sale and income finalize if you are eligible to take the merchant cash advance.
Merchant Cash Advance Criteria
Rates: Rates start at 9.99%, no collateral is needed.
Term: 4 Months – 10 years fixed!!! For: Expansion, working capital, inventory, equipment, *all business related use of proceeds are eligible!!
Eligble Locations: Almost all US & Canada locations are eligible regardless of population! (*exclusions: NV, Puerto Rico, and Quebec.)
Flexible Repayment Options: Monthly, weekly & daily repayment. Acceptable Industries: No restricted industries!
Pre Payment Penalty: No prepay penalty options!
Typical Closings Time: Closings in 2-5 days + if qualified!
Credit Score: *500 minimum average
EZ documentation: Min documentation required, JVC signed credit app, 6 months minimum business bank, credit card statements, voided check, color copy of drivers license.
No close costs: Absolutely no out-of-pocket third-party closing costs associated with this program.
Fees: Application fee upon initial submission from $595.00 – $3,995.00 subject to initial review of pre-diligence etc., Length of Operation
Requirement: Minimum 2+ months in business, revenue producing, *Time in business and revenue will affect terms if offered. Actually, the core of our funding is centered to Real Estate
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Our specialists will tailor a business loan to fit your needs.
Get paid upfront for your 30-60 or 90 day old invoices.
Access capital for your business when you need it and only pay interest on the funds you use.
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Industry leading approval process that is easy and less intensive. Get the capital you need to allow your business to grow, today!