Frequently Asked Questions at Business-Cash-Advance.com
How will you help to fund my business needs?
Through Business-Cash-Advance.com, we will provide you with a business
financing program that is designed to help you manage your financial needs through a more responsive
alternative to traditional bank lending. Once qualified, we will wire the cash directly into your
business checking account typically within 72 hours after approval.
How does the program work?
Our program is a convenient way to finance your business operations.
The most important thing to remember is that this is not a bank loan. It's an alternative form of
business financing that is called factoring. There are no payment books, no checks to write, no
speaking with people who don't understand your needs, none of the traditional bank hassles, and
most of all… no more "no's." We will provide your business with a cash advance based upon your
average monthly Visa/MasterCard sales.
We review the last 4 months of your merchant statements to
determine your average monthly VISA/MC sales volume, and project your future sales based on
that average.
We then purchase a percentage of those future VISA/MC sales at a
discount, and wire that amount as cash, directly into your business checking account, for your immediate
use. You will receive in cash, an amount slightly higher than your average monthly sales.
Example: You average $ 10,000 in VISA/MC sales on a monthly basis.
We'll deposit $ 10,350 into your business checking account as cash.
The purchase amount is being repaid as we deduct a small percentage
from your daily VISA/MC sales only, going towards your repayment. Typically, repayment is completed in
approximately 7 months. No payment books, no checks to write, and no specified time frame for repayment.
How do I know if I qualify?
First, show that you've been in business for 12 months or longer*
and that you've been accepting Visa/MasterCard for at least 4 months. Second, demonstrate a minimum
Visa/MasterCard volume of $2,000 monthly which is determined from your merchant statements. Finally,
you must have no prior unresolved bankruptcy. If you meet this criteria, you can begin the application
process immediately, by using our Apply Form.
* If you have been in your business for less than 12 months, please
be able provide evidence of prior industry related experience.
What can I use the money for?
Many of our customers use their cash advance for business-building
needs like adding more seats to their restaurants, expanding their office, showroom or warehouse space,
increasing their advertising, adding to their inventory, stocking up on seasonal merchandise, or
purchasing tools or equipment. Others use the cash to buy out a partner, or for emergency needs like
unforeseen maintenance issues that could interrupt your business. The bottom line is it's your business
and you should use it for any need that will help you.
How soon will I get the money?
The average time from receipt of a contract to having the cash
deposited into your business checking account is 8-10 business days.
Do I need to change credit-card processors?
You may need to change credit-card processors to one that has a
relationship with our business funding program. It is the unique and convenient way to repay the
capital funding. Our affiliated processor will meet all of your current rates and fees.
What kind of discount do I get if I pay early?
Since this is not a bank loan, there is no monthly payment schedule.
We get paid only when you get paid.
Have one of our helpful representatives contact you. There is absolutely no obligation and your application is completely confidential. * Indicates a required field
