A powerful alternative to the traditional small business bank loan is to receive a cash advance on your future credit card
receivables. This method of business funding is not a loan and is quickly becoming a most popular form of business finance.
We will purchase up to $500,000 of your future credit card receivables and give the small business owner the money needed
today! The advanced capital is then paid back by taking a small, fixed percentage of your future credit card transactions until
we are made whole. Terms of payback plow parallel with your current monthly credit card volume. The best part is that it’s fast,
you use the funding for any reason you choose, and there is no fixed monthly payment due. The capital is paid back only when
you transact sales - only when your business affords it!
It's the hottest thing going.
How it works:
After approval and upon acceptance of the contract, your advance is wired into your business bank account.
Each time a customer pays for a product or service, a small percentage is set aside.
This percentage
automatically goes to paying your cash advance. There are no bills, and no
fixed monthly payment due.
What is the difference between Accounts
Receivable Financing and Merchant Cash Advance? Both are a form of
factoring. Accounts Receivable Financing factors business to business
(B2B) invoices on goods sold or services already performed, while Merchant Cash
Advance factors your future credit card sales as they are made.
Upon receipt and pre-qualification, we’ll ask for your
merchant account and business bank statements (6 months
for non-seasonal businesses, 12 months for seasonal businesses), a copy of your lease/mortgage,
and a few other documents such as valid identification.
Within 48 hours, a Funding Manager will
contact you to discuss the specifics of our agreement. Factored Business Finance Corp will then deliver a contract to you before closing of the next
business day.
Should you accept the contract, simply sign and
return our agreement and within a week, typically within 72 hours, funds will be
deposited automatically into your business bank account.
Once you have this cash advance, we will begin collecting a
small, agreed-upon percentage of the daily Visa/MasterCard sales until our
agreement is fully executed. The credit card processor will transfer funds
automatically and electronically, just as it happens every day with the credit
card batches.
Merchant Cash Advance |
What is the difference between Accounts
Receivable Financing and Merchant Cash Advance?
