Merchant Advance


How does it work?

We purchase a fixed dollar amount of your future credit and debit card sales at a discount.  Once the agreement is signed, a lump sum is deposited directly into your bank account. We can usually fund our clients in less than 10 days. A small agreed-upon percentage of your daily credit and debit card sales is then taken from your account and applied towards the advance.  For example, if the agreed-upon percentage is 10%, we will be debit your account in an amount equal to 10% of your daily credit and debit card receipts until the purchased amount has been collected. The advance amount, which can be up to $150,000 per location, will be equal to a percentage of your average monthly credit and debit card processing volumes. It normally takes between 6-8 months for us to collect the advance. However, the payback period is not fixed since it will depend on your actual future credit and debit card processing volumes. Unlike a traditional bank loan which requires fixed payments, if your business has a slow period the amounts collected towards the advance will be lower.

Do you qualify?

In order to qualify, a merchant must meet the following program requirements:

  • The business is a restaurant, retail or services business.
  • The business processes at least $5,000 per month in combined Visa,
    MasterCard and debit sales.
  • The business has been in operation for more than 1 year.
  • You have more than 1 year remaining on your lease.
  • You have no open judgments or bankruptcies.

*Note: This is not a loan product, but a sale of future credit card receivables.