| HELPFUL VIDEO |
 |
|
| SMALL BUSINESS TIPS |
|
 |
The Benefits of Credit Card Factoring: Merchant Cash Advances Offer Many Benefits to Small Business Owners
|
|
|
How to Choose a Merchant Cash Advance Provider: Tips on Choosing a Credit Card Processing Company to Advance Your Business Cash
|
|
|
Is Credit Card Factoring, or a Merchant Cash Advance, Right for Your Small Business?
|
|
|
Credit Card Factoring Services from MerchantCreditAdvance: Get the Cash You Need to Boost Your Business
|
|
|
How to Best Use Funds from a Credit Card Receivable Advance
|
| + Article Archives |
|
|
| FAQ |
How is MerchantCreditAdvance able to help my business?
MerchantCreditAdvance has created a business capital system through which you, the business owner, are able to receive a merchant cash advance based on your company's credit card transactions in order to enhance your business's operations.
Who qualifies for a merchant cash advance?
In order to obtain funding, a business should generate a monthly minimum of $3,000 in credit card sales and be no less than 12 months old, among minor additional requirements.
After I have been approved, how quickly will I receive funding?
Typically, after a candidate has been approved, it takes between 10 and 14 days to receive the cash advance.
Are there any restrictions on how the money can be used?
The business capital we provide is meant to improve your company. Thus, you can use the money for a variety of business expenditures, ranging from the renovation of a building to a promotional campaign to the accumulation of inventory. As long as the expenditure(s) benefit your business, you can use the money in any way you see fit.
Will I need to switch my credit-card processor(s)?
At MerchantCreditAdvance we work with some financial processors, so you may need to make the transition. This is not a hard process though, and we will advise you on what to do. Our processors will give you the best rate, since we work with a variety of them.
Is there a reason why my credit needs to be reviewed?
We assure you that we are giving you the best rate after our research and background credit checks are done. In order to give you the most effective rate, we need to run the check to make sure your business has the ability to financially benefit from the transaction.
What qualifies as proof of ownership?
There needs to be some sort of documentation in order to be considered for the advance. You can ask our customer service representatives what specifically is needed, and they will let you know what you need. The application process will also ensure proof of a business once you are interested in moving forward with the transaction. Documents such as business licenses and tax return papers would constitute as sufficient examples of ownership.
Is there a discount if I pay my payments earlier?
There is no discount, because we don't require a specific schedule from you. The financial assistance we provide you isn't like a loan; therefore, a discount is not involved in this situation. You can make your payments earlier though at anytime you desire, but you don't need to pay until you are financially ready to do so.
What does "gross volume" mean?
Gross volume simply means the lump sum of your credit card, debit card, cash, and check receipts.
How often will I receive statements from MerchantCreditAdvance?
You will be sent printed statements each month.
When will MerchantCreditAdvance collect its payments?
We will collect our fixed percentages when your credit card payments have been settled.
Who will answer questions about my account?
If you have any questions concerning your account, please call 800-503-1146 between 9:00am and 5:00pm PST for assistance.
|
|
sitemap
