Who Qualifies For Loans or Advances?
Are you eligible for funding? If your business is open and generating revenue, there's a great chance you are. (Startup Businesses Need to Apply Here Instead.)
Depending on your historical sales volume, you can receive a lump sum of cash up to $500,000 within days. The MerchantCashAdvanceIndustry.org founder has connected small businesses with more than $100 million in financing since 2006. Retail and food service establishments are the most popular users of our funding, but any business with documented cash flow history is a candidate.
Applying through our web portal does not require your most sensitive information, but it will allow you the opportunity to speak with a qualified financing expert. There is no cost and no obligation. Here are some of the features of each program:
- Traditional Merchant Cash Advance: Requires you accept a minimum of $1,000 a month in credit or debit card sales. There is no gross sales requirement. Funding maximum of $500,000.
- ACH Business Loan: Requires you generate a minimum of $10,000 a month in gross sales. You do NOT need to accept credit cards to qualify for this option. Funding maximum of $500,000.
- Jumbo Business Loan: Competitive rates on loans up to $2 million. Requires a minimum of $150,000 a month in gross sales. You do NOT need to accept credit cards to qualify for this option.
The underwriting is flexible, so it can't hurt to inquire if you're just below the minimum.
Learn more about our company
The Traditional Merchant Cash Advance is not a loan, so there are a number of benefits you'll reap:
- No collateral
- No repayment due date
- No fixed payments
- Quick approval process
- Credit score is a marginal factor in approval
- Financing is not reported to the credit bureaus
- Funds wired to your account within seven days
Merchant Cash Flow Loans are based on your monthly business bank deposits. Advantages include:
- You do not need to accept credit card payments
- No collateral
- Credit score is a marginal factor in approval
- Quick approval process
- Funds wired to your account within seven days
- Your business is judged on merit, not on arbitrary credit criteria
