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Business Cash Advance is one of the most easy and popular methods of small business financing. Since most merchants accept credit cards as a form of payment, this funding model is available to virtually any company that accepts credit cards. These upfront cash advances are available based on future credit card transactions through an exciting program we are now offering to established business owners in almost any industry in any part of the country.

Any funds received through a business cash advance are not considered a loan, and it does not show up on a credit report. It's a cash advance paid against Visa or MasterCard transactions you accumulate on a daily basis. We will advance up to 1 Million dollars on future transactions based on documented monthly volume levels. No personal guarantee or financials are required. This is truly an unsecured advance you can have within 7 business days.

Prerequisites for a Business Cash Advance:

• The business must accept Visa or Master Card as a mode of payment.
  
• The business must process total payments of $1500 or more in a month.
  
• The business must be a least 2 years old.
  
• Submitting 3 months Credit Card Statements

The biggest advantage that Business Cash Advance offers to you the merchant is that you are not personally liable for the cash advance. Rather than using personal credit, personal collateral or acting as a personal guarantor to get a small business cash advance, the owner can sell his future credit card receivables at a discounted price to the cash advance company. This is pretty much similar to factoring, except in this case your credit card receivables are factored rather than the business-to-business invoices.

How does the advance get repaid?

The cash advance gets repaid through future Visa and MasterCard sales. Other payments received through cash, check or other cards are left with you and only the Visa and MasterCard payments are used for repayment. There are no fixed payment schedules for Business Cash Advance. It gets repaid automatically when you process a Visa or MasterCard Sale.

What are the differences between traditional bank loans and a Merchant Cash Advance?

A typical business loan would require a written loan proposal, business and personal financials and is time consuming and very restrictive. It could take weeks to get approved, if at all, through traditional bank lenders. Not to mention you have to personally guarantee the loan. Moreover, you will have to follow a strict monthly schedule of repayment regardless of your monthly business revenue flow. Also loans are often very difficult to get when you need them the most, rather than when you are in an affluent state and the banks are more likely to offer a loan. Bankers often focus on past credit history to determine the loan repayment program and require the use of the set monthly repayment schedule as a prime concern while approving a loan. The traditional bank loan will also be counted as part of your debt ratio and could hurt future loan opportunities.

As noted, the most unique feature of our cash advances is that they are repaid from future earnings, to be more specific; it is repaid from the future sales transactions processed through Visa and MasterCard. A daily percentage of these future sales is used as the determining factor for repayment. There is no specific repayment schedule, repayment occurs automatically and follows your business revenue flow.

The business is free to use the funds received in the form of a cash advance for whatever purpose they see fit, whereas in the case of a loan, the lender often dictates the purpose for which the company can use the funds. So, our Business Cash Advance does not resemble or have the constraints of a small business loan.

Do I need a New Bank Account for my Credit Card Processing?

No. But in order to receive funding you are required to switch your processing to Advantage Bankcard Services. This allows us to automate the repayment of the cash advance by taking a percentage from your Visa/MasterCard receipts when you process. This eliminates monthly bills, and repayment coupon books typical of traditional loans. It also makes cash flow easier on your business since we only get paid when you have sales to process, unlike traditional loans that require a fixed monthly repayment schedule which can put strain on your company cash flow.

Switching your credit card merchant account to us is an easy process. We will reprogram your existing equipment or software and keep your processing rates and fees at your current levels.

How does the application and funding process work?

1.Complete our no obligation Cash Advance Information Form below and an Advantage Bankcard Representative will be in contact with you to complete the process. You could receive your funding within 7 business days.

2. If you would like to speak to a representative now please call 800-565-9111 ext.18