Determine how much your average monthly credit card sales are for the last six months. Then check the simple requirements below:
- You have been in business for 1 year or in some cases less.
- You have at least $8,000 in credit card sales monthly.
- You have accepted Visa,
MasterCard or Amex
Call us and we’ll complete a simple one-page application;
You will be eligible for an advance of between 80-120% of your average monthly credit card receipts.
This is the best part of the program. We are banking on the fact that you will continue to do business as you did before. So, we fix your payment at 15 to 20 percent of your future credit card receipts until the loan is repaid. This includes principal and interest.
You keep 80% to 85%. That means that if you do very well your cash advance gets paid back sooner and if business is bad you pay back less. WHICH MEANS NO MORE WORRIES!
And here’s the absolutely best part of this program. Once you have repaid 50% of the advance, you can make a simple phone call to re-borrow the paid amount. It’s by far the quickest and easiest way to get cash short of going to your own ATM.