The percentage of reserve varies depending on the business revenue and results of underwriting.
A reserve of certain percentage of daily Visa and Master Card sales kept aside for repayment.
We make cash advances from $3,000 to $500,000. Depending on your Visa and MasterCard sales, you could receive up to 100% of your processing volume.
From pre-approval to set-up for funding will take 3 to 5 business days.
We look at the average monthly Visa and MasterCard processing sales over a selected period, along with a credit report review, longevity of the business and if there are any other liens on the business.
Nothing. There are absolutely no application or set-up fees, closing costs or hidden cost.
A Merchant Cash Advance is not funding but a purchase of future credit card receivables, better known as receivable factoring.