How a Merchant Account Cash Advance Works

Having immediate access to working capital is an important business finance tool that is frequently overlooked. Even the most successful businesses frequently need more cash than they can obtain from a commercial bank.

"Merchant Account Cash Advance" is a small business funding tool we provide to merchants who need immediate cash funding that can not secure financing through banks or traditional lenders.

From working closely with hundreds of Canadian Small Business Owners for over 4 years now, I have learned and understand that a business's success is sometimes determined by having an "emergency capital" plan in place to assist the growth of your business.

Why is "Merchant Account Cash Advance" a popular funding choice for small business owners?

THIS FUNDING TOOL IS NOT A LOAN!

It is a cash advance based on your future credit card sales which provides a real solution to a business owners who require extra working capital to grow their businesses efficiently, effectively, and seamlessly. Terms are flexible. Renewals are straight forward and simple.

So simple, nearly 70% of all merchants who choose to exercise this type of funding renew upon completing their first funding cycle.

• A Merchant gets working capital quickly, typically in less than 7 business days
• No collateral required.
• More funding available over time. During a typical three to five year term of a bank loan, a merchant could obtain around five times more the working capital from a merchant account cash advance company
• No bank hassles. No red tape. Easier approval process. (90% approval rate)
• Should not affect a merchant's ability to obtain working capital from traditional lenders. This type of funding does not show up on credit reporting because it is not a loan. The cash advance company is purchasing an asset from you - your future credit card sales at a discount.

This is not a "Lender-Borrower" relationship. 

This is a "Buyer-Seller" relationship.

• Automated collection from a merchant's Debit/Credit Card Processing. It is more like a payroll deduction. The percentage the funding company retrieves does not change. As a result, if a merchant's sales volume declines, the funding company retrieves less and if a merchant's sales volume increases, then the funding company retrieves more. Therefore, this type of funding works with a merchant's cash flow.
• The money can be used for anything the business owner chooses. No business plan or nor previous tax records are required to be qualified for funding. NO RED TAPE.

Bank Loans Vs. Merchant Account Cash Advance	Banks	Factoring
Take from 45 to 90 days to get a merchant their money	Yes	No
Require two to three years of tax records	Yes	No
Require a list of collateral	Yes	No
Requirea business plan	Yes	No
Want perfect credit	Yes	No
Charge you credit application fees and points	Yes	No
Tie up your credit and credit-record	Yes	No
Change rolling interest on loans	Yes	No

What can the funds be used for?

• Additional working capital
• Equipment purchases
• Opening new locations
• Renovating or remodeling your business
• Advertising
• Cash flow needs for established seasonal businesses
• Purchasing additional inventory
• Emergencies
• Buying out your business partner
• Funding payroll
• Paying Back Taxes
• Paying Debt
• Whatever you want!

How do I know if I'll qualify?

What you will be required to supply to qualify is:

• Four months of debit/credit card statements from the previous year (12 months for seasonal businesses)
• Provide landlord information & must have 12 month lease or more

Business MUST NOT:

• Generate less then $3000/month in debit & credit card sales
• Have no more than $175,000 in unresolved liens
• Be behind more then 1 payment for business rent or business mortgage

Business Funding FAQ's

Q:HOW MUCH CAN I QUALIFY FOR IN A CASH ADVANCE? 

A:Your cash advance is based on your average of amount of sales in a month, which is figured out by your average credit card sales from previous merchant account statements. We can fund amounts from $3000-$200,000 per business. We have access to a $500 million portfolio that is available to business's like yours. The question really is, how much do you want?

Q: HOW DO I REPAY MY BUSINESS FUNDING? 

A:The Merchant Account Cash Advancing Company collects a small percentage of each of your debit and credit card transactions until the full terms are fulfilled. Typically the retrieval rate is 20 percent or less of your daily credit and/or debit card sales.