What is a merchant cash advance?
A merchant cash advance is a perfect alternative to a small business loan. It's not
a loan but an advance against your future credit card and debit card sales. The
process is fast, easy and hassle free.
What types of businesses qualify for a merchant cash advance?
Any small or medium size business that accepts Visa, Mastercard and Debit as a
form of payment from their customers qualify for a merchant cash advance.
How long does it take?
Approvals happen as fast as 24 hours and typically 10 days or less to get funded.
How much does my business qualify for?
The amount your business can qualify for is based on an average of your monthly
Visa, Mastercard and Debit card sales from $5000 to $250,000 per location.
Are there any fixed monthly payments?
There are NO fixed monthly payments, iCapital Financial Services will withhold an
agreed upon small percentage of your daily credit card and debit card sales.
How easy is it to get approved for a merchant cash advance?
Our merchant cash advance approval rate is 97%.
Will bad credit effect my merchant cash advance application?
A merchant cash advance is not solely based on your credit score; therefore
it is not necessary to have good to excellent credit to receive a merchant cash
advance.
Do I need to change my credit card processor?
No you do not need to change your credit card processor or change your
business bank account.
What can I use the money for?
You can use the money for any business purpose such as renovations, paying
suppliers, increase inventory, payroll, advertising etc…. |
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