Small Business Loans, Business Cash Advance - FAQ

How I can qualify for an unsecured business cash advance?

You have a business that accepts credit cards as a form of payment.
You process a minimum of $1,500 dollars a month.
You can provide 3 months of credit card statements and bank statements.
You have been in business at least 2 years.

How complicated is the paperwork?
The paperwork is quite simple and takes no more than ten or fifteen minutes to complete.

How fast can I get a small business cash advance?
As fast as 72 hours after all relevant documents are received.

How much of a cash advance can I receive?
$1,500 to $1,000,000

How will I pay back the business cash advance?
On a formula calculated based on your cash flow projections, we partner with you to determine your optimal payment.

How easy is it to get approved?
Approval is a lot easier and faster than a typical bank loan. We understand the reality and the hardship of owning and operating a small- medium size business. The majority of our Executive Funding Specialists have also owned and operated their own small to mediums sizes businesses themselves.

Will bad credit affect my cash advance request?
It is not necessary for you to have good credit to receive a business cash advance. A poor credit rating, including delinquencies, will not normally influence a cash advance.

How does the program work?
You are advanced up to $1,000,000 based on your current sales receipts A small percentage is deducted from your ongoing credit card receipts. There are no fixed payments and no fixed term time frame.

How much will a business cash advance cost?
Pricing is based on the size of cash advance, the estimated time of distribution, and various other integral details of the cash advance program. This explained fully in the Cash Advance Approval sheet.

Is there a fee for providing a small business cash advance?
No, there are no administration fees.

Is this a loan?
No. This is not a loan. It is a purchase of future receivables.

When I have repaid my first cash advance, how easy is it to apply again?
If you have experienced no change in financial status you will be approved automatically.

Can I receive financing from you while the financing from another company is still outstanding?
Yes, but we must pay off any outstanding cash advances out of our first advance to you. You receive all remaining proceeds.

Is there an application fee?
There is no application fee. The application is free and there are no up-front fees.

Can the advance be renewed?
When the advance balance is down to approximately 20% of the original balance, a renewal can be requested. The majority of our customers renew. The owner of the business simply requests a renewal by phone, fax, or e-mail. Renewals are usually funded in less than 24 hours of being requested.

Do I have to switch my current credit card processor?
Yes. You must switch to our affiliated processors to receive funding. Our affiliated credit card processing companies guarantee to will meet or beat your current credit card processing cost structure. The bottom line is that you're not going to lose money for having to switch. (Most likely, you will be saving money by switching)

Do I have to get a new credit card terminal?
Not usually. All you have to do is re-program your terminal, which takes only 10 minutes and it can be done over the phone. Our credit card processor will call you to give step-by-step instructions.

What if I am not happy with the affiliated credit card processor?
We will try to resolve any issues right away for you. If not, we will switch you to one of our other processors. But staying with one of our processors is mandatory.

Small Business Loans, Business Cash Advance - FAQ

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