Business credits depend on the merchant’s yearly gross revenue, and offer the consistency of a fixed reimbursement structure. The reimbursement structure allows a merchant to reimburse daily as a modest amount is debited from their business account.
Business Advances
With a Business credit, repayments depend on a fixed proportion of receipts. It is friendly for your business’ cash flows, and is utilized for sale and purchase of future credit and debit cards.
Business Loans
A predictable and fixed reimbursement plan, with financing dependent on the business’ yearly gross revenue and cashflow cycle.
Perfect for Merchants with:
Moderately steady business revenue
Yearly gross revenue surpassing $100,000
At least 2 months in business, 9 months for eCommerce
Features:
Set maturity date
Small daily/weekly debits on weekdays from your business bank account
Term loans available 4-18 months
Benefits:
Non-asset-based (non ABL product)
Same day pre-approval process
Funding as quick as 24 hours after endorsement
Higher endorsement rates than conventional banks
Business Advances
Business advances are not loans, they are selling and buying of future credit and debit card receipts from a business. To small business financing it’s a cash flow friendly approach since the reimbursements are based on a fixed proportion of the receipts.
Perfect for Merchants who:
Receive a part of their yearly gross revenues through credit card payments
Have sales that is seasonal, periodic or variable monthly
Annual gross revenue that surpass $100,000
Has been doing business for at least 9 months
Features:
As there is no fixed maturity date or everyday payments, we get repaid as you get paid.
A small set percentage of card sales is retained daily until the balance of receipts purchased are reimbursed.
Benefits:
Non-asset-based (non ABL product)
No switch in credit card processing required
Pre-approval process within a day
Funding as quick as 24 hours after endorsement
8313 Southwest Fwy, Suite # 215, Houston TX 77074, USA
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