Merchant Cash Advances

  • 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