HOW MUCH CAN I BE APPROVED FOR?
You can qualify for as much as 25% of your gross annual revenues. Most customers get approved for 1-2 times monthly revenues.
WHAT IS THE INTEREST RATE?
Traditional bank loans use compounding interest rates to finance business loans whereas we use a fixed cost of capital. This cost will vary from business to business, is determined on an individual basis and range from 8¢ to 25¢ on the dollar.
HOW DO I REPAY THE ADVANCE?
We offer several payment options based off of approved terms. Most customers will be offered fixed daily or weekly payment structure. We can also take a percentage of total gross sales, or a percentage of credit card sales.
DO I NEED TO ACCEPT CREDIT CARDS?
No. Your business must process at least 5 sales or transactions a month. These can be in the form of cash or check deposit or invoices.
ARE THERE ANY RESTRICTIONS ON USAGE?
No. Unlike traditional banks we do not require you to document how the funding is used. This is unrestricted working capital for your business.