• How do I qualify for funding?
• How long does the approval process take?
• If approved, how long before I will be funded?
• How is your program different from a bank loan?
• What interest do I pay on the amount of my funding?
• How do we, as the merchant, pay out of our future sales?
• How much funding can I qualify for?
• Do I have to change to a different credit card processor than the one I now use?
• What financial information am I given?
• What am I allowed to do with the funds I receive?
• What percentage of applicants qualify?
• How are you able to provide this funding when banks or other funding sources won't do so?
• What obligations do I undertake once I qualify for funding?

The criteria for qualification are very simple:  we want to verify that you have been in business for at least one year, that you have positive trade references, and, that if you lease space the lease has at least one year of remaining term.  We also want to verify that you are current on your rent or mortgage.  We also need to see a report of your past four months of credit card receipts.

We can generally approve funding within 5 to 7 days of the application.

We generally wire the money within 24 hours of approval.

Our approach to funding is completely different from a bank loan.  First, we are not lending money but instead we purchase future credit receipts from you.  Essentially you are selling an agreed amount of your future Visa and MasterCard sales.  There is no loan to pay off, no checks to write, and no late fees.  Second, most bank loans require personal guarantees (so all of your personal assets are at risk), audited tax returns, and extensive additional documentation.  We don’t require any of these.  A bank loan also will involve significant upfront fees such as points, legal fees, filing fees, and other costs.  There are no fees of any kind associated with our funding.  Third, most banks will be wary of funding a business that has only operated for one or two years or even more.  We only require that the applicant has been operating for one year.

Unlike a bank, we do not charge a set rate of interest.  Rather, depending on the facts of your application, we determine how much of your future sales we are purchasing to cover the funds advanced and a return for us.  We take the risk that your business will continue to generate sufficient sales over a period of time for us to collect the amount of sales we have purchased.

Your credit card processor will deduct an agreed percentage each month from your Visa and MasterCard sales.  We show you upfront what percentage is deducted until we are paid the amount of future sales agreed to.  Typically, based on your credit card sales history, we try to set up a program in which our purchase of credit card sales will be completed in six to seven months.  The actual time could be sooner or later than this depending on the volume of your sales.  You retain 100% of sales in the form of checks, cash, and credit cards other than Visa and MasterCard. 

The amount of funding we will advance is determined by an average of your monthly credit card sales.  The funding we provide may be as little as $50,000 or as much as $5,000,000. In addition, if a business has multiple locations, the amounts above can apply to separate locations.

You will have to change if you are not currently processing with one of our processors who are set up to work with our funding program.  However, we generally find that we are able to reduce your processing costs and give you significant savings as an added benefit.  You will not have to change any processing equipment as this can be reprogrammed in a short phone call.

We provide our merchants with a monthly report showing how much has been deducted each month and the balance that is due. 

The answer is you can use the money in any way you desire within your business.  Our merchants typically use funds for purchasing inventory, capital improvements and expansion, payroll, purchasing advertising at a discount, paying off debt, and many other related uses.

Our history shows that our approval rates run about 95%.

Our niche in the market is the small to medium businesses that often falls under the radar of most institutional lenders.  The reason we can take the risk of funding a smaller business that banks will refuse is because we are focused on the reliability of your future sales and try to match our funding to a reasonable expectation of the continued success of your business.

You agree to continue to operate your business in the normal way and not to avoid credit card sales or switch to a different processor than the one agreed upon.