FAQ | Cash Advance

What type of loan is this?
This is not a loan; it is considered a cash advance against future credit card sales.

Do you conduct a credit check?
In most cases, we do conduct a credit check. However, the decision from underwriting is primarily based on other factors like your history of credit card transaction volumes, transaction sizes and business financials.

Does this type of financing affect other personal or business loans?
No. We do not report these transactions/advances to the credit bureaus so it will not effect your credit rating or your ability to borrow elsewhere (unless you fail to honor your finance agreement).

What percent of my credit card transactions are deducted from monthly processing?
This will vary depending upon the risk ratios determined by Underwriting. It can range from 10% to 30% of every daily batch used to repay the advance. The percentage determined by underwriting is based upon your transaction volumes, average transaction sizes, profit margins and overall risk ratios.

What's the typical cash advance?
A typical cash advance is equal to 1.5 month's worth of your total credit card processing revenues. We prefer businesses with monthly processing revenues of between $25k to $150k.

Who are your most desirable business customers?
We prefer to advance money to businesses seeking capital to help grow or expand their operations. We're not interested in advancing money to a business that is on the verge of failing with poor financials and/or transaction volumes.

How long do I need to be in business to qualify for an advance?
We prefer businesses that have been operating for at least one year. We do not fund start-ups or early-stage companies.

What is the application process?
Just download our short, streamlined form from this site, fill it out and fax it to us for review. We cannot process or evaluate financing requests if the form is submitted incomplete. This form must also be accompanied by our Merchant Data Template, as instructed on the form as well as 6 months worth of consecutive processing statements.

How long does the application review process take?
Assuming that you've provided everything we've requested, a response is guaranteed within 72 hours after submitting the Cash Advance Express App.

What is the pricing for your cash advances?
Pricing varies based on the myriad of criteria established in Underwriting. The pricing will be discussed with you once your Express application has been processed.

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