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- Receive up to 200% of monthly credit card processing, 50-100 % for poor credit
- Programs range from 3 months to 15 months
- Cost factor is between 1.20 and 1.45 (1.06 for over 150K monthly processing)
- No more than 12% of monthly gross sales can be debited
- Repayment can be be a split batch, lockbox or ACH
- Bankruptcies must be discharged one year with paperwork and tax liens in a payment plan
- M10 batches monthly and minimum $3,000 in monthly processing required
- Minimum 2 years in business required
- Interest can not be written off in business taxes using a 1099-INT form
- Minimum 500 FICO to apply with a signed application and your SBA commitment letter