Merchant Loan Programs
Can't Get a Loan at the Bank? We can Help!
Typical Bank Process for Small Business Loans:
Strict credit requirements
Long Wait Times for Decision
Long Wait Times for Funding
Complicated Contracts
Extensive Documentation
VERY HIGH TURN DOWN %'s
Merchant Cash Advantages:
Let us help you with the $$ you need with a Merchant Cash Advance! Unlike a bank loan, a Merchant Cash Advance doesn't require sterling credit. Most loans will be approved with owners' credit scores as low as 500, sometimes even less! Upon approval, funds will be deposited into your bank account in as little as 72 hours. Once you are approved, you can renew your advance when 50% of your balance is paid down.
Simple "No Hassle Payback":
With a Merchant Cash Advance, there is no need to write a check every month, your payments are automatically held from your credit card transactions. There is no fixed monthly payment.
Revenue based Collections:
With a Merchant Cash Advance, we get paid when you get paid. Our payment is a % of your daily sales, so if you have a slow month, you are paying back less. If you have a good month, you are paying back more. This flexible structure allows our merchants to always be able to afford the payments.
No Credit or Collateral on the Line:
Unlike a commercial business loan, a cash advance is actually a sales transaction, so they are not reported on credit reports. Their is also no collateral required as is often the case with a traditional business loan.
Now you can set up your Cash Advance based on 100% of the funds that are deposited in your business account not just on the % you take in from credit cards. So all of the revenue generated by your business will be included in determining how much $ you can get when you take out your loan. This is great for any business that takes in a large % of their revenue in cash or checks.
So, let us help you with your funding needs.We will do our utmost to make sure you get the $$ you need!
Contact us today at: 719-231-0587!