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Working Capital for your Business If your business accepts credit
cards geting cash for your business can be fast
and simple. You could receive up to $150,000
per location in less than 10 business days -
some - time in as little as 72 hours. A Priority Capital Merchant Cash
Advance powered by AdvanceMe eliminates many
hassels and delays common with traditional financing.
It builds on the strength of your business existing
and future credit and debit card sales, so a
damaged personal credit history is not an immediate
disqualifer. What It is A Merchant Cash Advance is a funding
product providing working capital to business
owners. Merchants sell a specific amount of
their business' future credit and debit card
receivables (at a discount) in exchange for
cash they can use for whatever their businesses
need. Once approved, a lump sum of cash
is deposited into the merchant's business checking
account. The collection process is automatically
handled by the business' credit card processor.
As each day's credit and debit card transactions
are settled, a specific percentage is forwarded
and applied to the remaining Merchant Cash Advance
balance. Our Merchant Cash Advance is a proven,
trusted way for you to get quick money for your
business needs. You decide how to spend the
money, whether it is for renovation, marketing/advertising,
taxes or payroll, handling the costs of emergencies,
or growth strategies. There is low documentation, and no personal collateral is required. There are no application fees and no hidden charges. Becuase it aligns so well with the way they operate, 3 out of 4 qualified customers will return multiple advances to help stabilize and grow their businesses. |
How it Works From start to finish, the entire
process of a Merchant Cash Advance is just 4
easy steps: 1. Applying You
submit a quick application form. A customer
service representative contacts you directly
to complete the qualification process. Verification
includes a number of simple facts about your
business and its operations. 2. Transacting. Upon
qualification, you will agree to allow a specific
percentage of your business' future credit card
sales to be forwarded as they are settled. In
exchange, you will receive a lump sum of working
capital into your business' checking account
and you decide how to spend the money on your
business. 3. Forwarding. As
each day's card sales are settled, a specific
percentage is automatically forwarded by the
business' credit card processor. This percentage
is fixed, so each dollar amount forwarded reflects
your daily credit card and debit card sales
volume (see image below for payment forwarding
detail). Completing. Forwarding
stops automatically when the total amount of
card sales your business sold has been forwarded-
usually in less than 12 months (depending on
card sales volume).
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