Merchant Cash Advances – Financing
from our Asset Based Lending and Merchant Credit Card Processing Company
Merchant Cash Advances – Financing
Merchant cash advances provide merchants with a fast and easy way to access working capital by tapping into future credit card sales volume. This provides convenient access to cash for your current needs, while paying back the advance over time through the normal course of business. Unlike a conventional bank loan or line of credit, you do not have to budget for the large monthly payment to repay the loan. As your business continues to operate on a daily basis, a small percentage of each credit card transaction is used to pay back the merchant cash advance.Merchant Cash Advances – Financing
It is estimated that over 90% of US merchants looking for capital cannot get approved through traditional financing.
The main reasons are:
- The owner does not have enough collateral or is not interested in using personal assets for a business loan.
- The merchant has not been in business long enough to qualify.
- The owner has less than perfect credit.
- Banks are not lending to the restaurant and retail industries due to risk.
Why Use a Merchant Cash Advance?
Expand your business or add additional locations Sometimes the only thing holding back business expansion is the availability of working capital. Your business may generate enough sales to make up any investment very quickly but when dealing with banks and investors, you might find the money you need is not readily available to meet your demands. Merchant Cash Advances – Financing
Some business owners choose to use a merchant cash advance in place of traditional business loans when expanding. Some business owners use a merchant cash advance to augment other financial efforts. In either case, the flexibility and simplicity of this working capital product helps the small business owner realize goals for expansion and more. Merchant Cash Advances – Financing
If your small business is seeking expansion, you owe it to your efforts to see how a merchant cash advance might handle any incurred costs.
Increase your product line, add seasonal merchandise, meet unexpected expenses Retail and specialty store owners often need to rotate their inventory to meet customer demand or to just stay fresh. To meet the demands of professional and seasonal cycles, many of our customers have taken advantage of their merchant cash advances to stock-up, add to, and diversify their inventory.
Purchase New Equipment Many of our customers have used a merchant cash advance to purchase restaurant equipment such as commercial appliances, point-of-sale register systems and transaction counters. Other owners have purchased spa equipment, displays and many other items necessary to improve their perceived value and improve each customer experience. New equipment purchases are often difficult for the average independent small business owner. Many of these business owners are happily surprised to learn that with a merchant cash advance, processing credit card sales works like a hidden asset. Equipment purchases are not difficult when the necessary business capital is accessible and a merchant cash advance improves the accessibility of small business working capital. Merchant Cash Advances – Financing
Our merchant cash advance can make new equipment purchases feel painless. The application is quick. The funding process is simple and fast, putting working capital in-hand in as few as 72 hours.
Advertise and promote your business with new marketing programs Advertising and marketing programs are common uses for a merchant cash advance. Working capital allows a small business owner to place ads in local papers and publications, hire consultants, print promotional materials, creative costs and more. Every marketing project needs a budget, and using a merchant cash advance can be a smart way for a business owner to manage cash flows while getting more from every effort. Merchant Cash Advances – Financing
Buy out a partner Many small businesses start out as partnerships. In time, if one or more of the original partners want out, a merchant cash advance might be used effectively to buy out their interests. When applicable, this funding can make the buy-out procedure more painless and efficient for all parties involved.
Perform renovations Our merchant cash advance allows small businesses to completely renovate or just “freshen-up” their image. You can add some new tables or a bar to your restaurant, or put some new color on the walls of your shop. There are probably a million things you might do to renovate and improve your business, and a merchant cash advance can help you stop dreaming and start doing.
Cash Advance Frequently Asked Questions
Below you will find a list of frequently asked questions. Please click one of the topics to view the question and answer.
How can a merchant cash advance help fund my business needs? How does the program work?
- How do I know if I qualify?
- What can I use the money for?
- How soon can I get the money?
- Do I need to change credit-card processors?
- What kind of discount do I get if I pay early?
- Why do you have to review my personal credit?
- What qualifies as proof of ownership?
- How often are payments retrieved?
- Will I get a monthly statement?
- What do you mean by “gross volume”?
- What credit cards do you handle?
How can a merchant cash advance help fund my business needs? We offer a revolutionary new working capital program designed to help you manage your cash needs by providing you with a more responsive alternative to traditional bank lending. Merchant Cash Advances – Financing
How does the program work? Our products offer a revolutionary way to get the money needed for your business operations. The most important thing to remember is that it’s not a loan, so there are no loan payment books, no dealing with people who don’t understand your business, none of the traditional bank hassles. Our merchant cash advance transactions are based upon your future credit and debit sales. We purchase a portion of these future credit and debit sales at a discount. To settle your obligation, we retrieve a fixed percentage of daily credit sales when they are “batched.”
How do I know if I qualify? You must have been in business for more than 12 months, have at least $5000 in credit card transactions per month, and meet a few other simple requirements. Merchant Cash Advances – Financing
What can I use the money for? Most of our customers use the money for business-building needs like adding more seats to their restaurants, advertising or stocking up on seasonal merchandise. Others have used it to buy out a partner or for emergency needs like unforeseen maintenance issues that could interrupt your business. You are free to spend the money on whatever is best for your business.
How soon can I get the money? The average time from receipt of a contract to funding is usually 10-14 working days.
Do I need to change credit-card processors? You may need to change credit-card processors to one that has a relationship with AMI. It is the unique way we collect the future sales you sold us. Our affiliated processors guarantee to meet-or-beat the transaction rate on your processing needs.
What kind of discount do I get if I pay early? Since this is not a loan, there is no monthly payment schedule. We get paid when you get paid, therefore, there is no discount for early payment. You are free to settle your obligation early if you wish.
Why do you have to review my personal credit? We use a business-friendly scoring model that blends general economic data, business and guarantor information to assess risk. Considering your personal credit is a part of the process.
What qualifies as proof of ownership? Articles of incorporation, board-meeting minutes, a corporate tax return or a business license showing the guarantor’s name as an owner are all great proofs of ownership.
How often are payments retrieved? We collect a small percentage of your daily credit card sales as they are settled or “batched.”
Will I get a monthly statement? Yes, you will receive a printed monthly statement. You may also view your daily statements online.
What do you mean by “gross volume”? Gross volume refers to your total receipts from all sources, including cash, credit cards, debit cards and checks.
What credit cards do you handle? We handle Visa and Mastercard. Merchant Cash Advances – Financing