Frequently Asked Questions

Our job is to get you the best source of funding for the best terms possible. Because we are not a bank, we have more options available to offer you than any of the regular financial institutions.

Some of the funding options available:

MCA: The factor rate on these discounts 1.10 to 1.45 plus

Asset backed loans: typically have an interest rate of 5% to 11%

Term loans: usually have an interest rate of 10% to 18%

There are two ways to payback: A) Daily ACH from your bank account 5 days a week, not including holidays and weekends. B) We take a percentage of our credit card transactions until the advance is paid off. If sales slow down, our payback slows down.

The percentage varies based on how much you want to be advanced compared to your monthly sales. Its typically between 1020%. Our goal is to help you grow your business and to not interrupt or hurt your overall cashflow.

You will typically qualify for up to one months worth of your credit card sales volume or 100% of your monthly volume. Perhaps a little more or less depending on your overall gross sales and cash flow.

Personal credit is just one factor we take into consideration. We have helped many business owners with poor credit. We are an alternative source of financing than a bank.

There is no early repayment fee.

As part of our underwriting process, we need to perform a landlord verification call. Assuming your landlord gets back to us in a timely manner, a decision can be made within 12 business days. Altogether we can provide financing within 24 hours from approval.

Your must process at least $10,000/month in sales for at least 60 days, be current with your landlord, and you cannot have any open bankruptcies, in the last 12 months and no tax liens.