Merchant Advance ( Credit Card Factoring) Parameters
Up to $300,000.
Decision in as little as 24 hours
97% Approval rate
Cash in 7-10 days
No up-front fees or closing costs
Available in all 50 states
Qualifications
Must own business at least 9 months
$5,000 minimum in credit cards sales per month
In good standing with landlord with 1+ year lease
$10,000 minimum in gross sales per month
Most business types accepted
Accept credit cards as a form of payment
Provide processing statements for the previous 6 months of at least $5,000 per month in credit card sales, $2,500 franchises.
Provide 1-2 months of bank statements with consistent balances for higher approval amounts
Has no open tax liens, judgments or bankruptcies
Acceptable personal and business credit (may have as low as 500 personal credit)
Special funding programs are available for newer businesses and internet businesses