Merchant Cash Advance
What is a merchant cash advance?
A Merchant Cash Advance isn’t technically a loan, but rather a cash advance that is paid back by withdrawing a percentage of your credit sales, typically on a daily basis. Since a merchant cash advance is based on a certain percentage of the daily balance, the more credit card sales a business does the faster they are able to repay the advance. On the other hand, during times of slow business, the payback would be reflective of the incoming cash flow.
What do you need to qualify?
3+ months in Business (you can qualify for our top financing options with as little as 3 months in business)
$5,000+ Monthly Gross sales (the minimum revenue to qualify for financing options are $5,000 per month, or $60,000 in annual gross sales).
No minimum FICO (We have financing options for all credit profiles. There is no minimum FICO score required to apply)
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