We advance your business funds against future Visa and MasterCard receipts. A mutually agreed upon percentage is taken out of the daily transactions until full repayment of the advance and our one-time fee for the service.
We provide advances for all types of businesses. The amount of the advance varies from $4,000 to $250,000 and more. Advance amounts are based on the average of your business' last 4 months of Visa/MasterCard statements.
There is no set time frame to repay the advance. The payback period is not fixed because it is based on your actual Visa/MasterCard processing volume. We only get paid when you get paid through future sales.
We are not a bank. Therefore, there is no interest rate. There is also no requirement of collateral, credit or personal guarantees. Best of all, we can fund you within 5-7 business days.
