Cash for your business when sales and bills don't line up. An advance is repaid from a share of your card sales, so a slow day costs you less.
FUNDING RANGE$5,000 TO $1,000,000
WAYS TO FUND4
FUNDS ARRIVEAS SOON AS THE SAME DAY
KEEP THIS SLIP
(The short version)
* The range quoted for merchant cash advances in general (Wikipedia, "Merchant cash advance"). Your offer states your own share.
Merchant cash advance
OPTION 01 OF 04
Cash now, paid back from a share of your future card sales.
REPAID FROMDAILY CARD SALES
PAYMENTSEACH BUSINESS DAY
SLOW DAYSMALLER PAYMENT
DECIDED ONHOW YOU SELL
GOOD FORSTOCK, REPAIRS, SLOW SEASONS
Details on merchant cash advancesWorking capital
OPTION 02 OF 04
Money for day-to-day running: stock, rent, the weeks between paying suppliers and getting paid.
USE IT FORINVENTORY, BILLS
WHENBEFORE A BUSY SEASON
TERMSSET OUT IN YOUR OFFER
GOOD FORCASH THAT ARRIVES LATE
Details on working capitalPayroll funding
OPTION 03 OF 04
Pay your people on time when payday lands before the money does.
US EMPLOYERS PAYING
EVERY TWO WEEKS45.7%
EVERY WEEK31.8%
SOURCEBLS, FEB 2022
GOOD FORPAYDAY BEFORE PAYMENTS
Details on payroll fundingDebt consolidation
OPTION 04 OF 04
Pay off several balances with one new one, so there is one payment to keep track of.
BEFORESEVERAL DEBITS
AFTERONE PAYMENT
TERMSSET OUT IN YOUR OFFER
GOOD FORSTACKED BALANCES
Details on debt consolidation01/04
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(How repayment works)
Example: a diner takes $20,000 now and agrees to repay $25,000 from future card sales, at 15% of each day's card sales. Here is one week.
Left to repayBefore Monday
$25,000.00
Paid this week$0.00
Worked example after Wikipedia, "Merchant cash advance": $20,000 now for $25,000 of future card sales. Shares of 15 to 35% are typical; your offer sets your own amount, cost and share.
Payroll is due on Friday.
The delivery van needs a new transmission.
The busy season starts before the stock is paid for.
Three daily debits should be one.
One form about the business and what the money is for.
An advance is weighed on how the business sells, more than on your personal credit score.
You see the amount, the total you repay and how it is collected before you sign.
Money can reach your business account the same day you are approved.
No. Legally it is a purchase of part of your future card sales, not a loan. That is also why it usually costs more than a bank loan, so compare the total you repay, not only the amount you receive.
You pay less. The payment is a share of that day's card sales, so a quiet Tuesday takes a smaller amount than a busy Saturday.
From $5,000 to $1,000,000. The amount in your offer depends mostly on how much the business sells.
Funding can reach your business account the same day you are approved.