Are we a Cash Advance Lender?
How much capital can you loan me?
What makes a company eligible?
What information do you need to apply?
How soon will I know if I am approved?
When will I receive the money?
How will I repay the loan?
What is the typical term of your loan?
Do I have to switch my credit card processor?
What if I need additional money? Can I reapply ?
Are we a Cash Advance Lender? | Top
No, we are not a Merchant Cash Advance company. We offer real loans through our lending partner with fixed terms and payments.
How much capital can you loan me? | Top
Our lender offers loans up to $100,000 based on the monthly cash flow of the business.
What makes a company eligible? | Top
Our lenders unique assessment model allows them to lend money to many businesses that have been turned down by traditional lenders.
Your company is a good candidate if you have a separate business bank account, you have been open for business for over one year and process at least $3,000 in credit card transactions per month. Or if your company does not accept credit cards you should have been open for business for at least two years and have an average business bank account balance of at least $3,000 per month. This selection process allows us to maintain reasonable rates for all our customers.
What information do you need from me to apply? | Top
Depending on how you receive payments, you may need some or all of the following:
- Tax ID number
- Credit card statements for the previous three months
- Merchant processor name, ID, and phone number
- Bank statements for the previous three to six months
- Social Security number of business owner(s)
- Drivers license number and state of issue
How soon will I know if I am approved? | Top
Within 2 business days of receiving your completed application, we will let you know if you've been approved.
When will I receive the money? | Top
Loans are funded within 7 business days.
How will I repay the loan? | Top
Daily debits are made from your business bank account to our lending partner. These micro-payments are proven to prevent the snowball effect often caused by missing larger monthly payments. We will inform you of your exact payment amount, and our online loan management portal allows you to monitor the activity.
What is the typical term of your loan? | Top
12 months. (6 months on approval )
Do I have to switch my credit card processor? | Top
No. We simply review your credit card information to determine the performance of your business.
What if I need additional money? Can I apply for a second loan? | Top
Yes. Once you have successfully repaid 75% of your loan, you are eligible to apply for additional capital to continue building your business.
