We have partnered with a national cash advance company to provide the
ability for merchants to participate in a unique way to fund your
business needs without all of the paperwork of a bank loan. An agreed
upon portion of future sales (rights to receive, RTR) are purchased in advance.
The payback is based on a percentage of your future Visa/MasterCard
settlement volume until the advance is repaid.
Cash advances are a smart way to get working capital for many small and
medium-sized businesses. You can obtain the working capital needed to
stabilize, grow, and take advantage of opportunities. A cash advance is
the purchase of future credit card receivables; it is not a loan. Sometimes
called "credit card receivable funding" or "credit card factoring," eligibility
for a cash advance is primarily based on the strength and consistency of
your business' credit card sales.
For many business owners, a cash advance offers benefits that are not
available from lenders and other financing sources. For example, while a
business owner's personal credit history may be reviewed, a poor or
damaged credit history is not an automatic disqualifier for a business.
While many working capital options might take weeks or longer to secure,
a cash advance puts money in-hand in as few as 3 business days,
and this money can be used for any business purpose.
We encourage you to take advantage of the information and resources
offered to learn all you can about your business' potential options for
business working capital.