Merchant Factoring
Factoring
Merchant Factoring
Do you need a faster, more effective and hassle-free alternative to traditional bank financing to acquire money for your business? We can help.
Discount Merchant Factoring Program
Merchant Advance Factoring is a program that provides your business with advanced funds on your future credit card processing deposits. An agreed upon percentage is taken directly from your business's future Visa and MasterCard credit card processing deposits until the advance is fully repaid.
Advance amounts can be anywhere from $10,000 up to 125% of your business's average monthly credit card processing volume. This volume is calculated from the prior six months of credit card processing statements. Funding is quick; you generally receive funding within 5 days after a signed contract is received.
Advance repayment takes about seven months. Unlike a bank, the payback period is not fixed, because the repayment amount is based from a percentage of your business's credit card processing receipts. It may take longer or shorter than seven months to repay the advance.
A business is required to process their credit cards with us in order to receive funding simply because we must be tied into the business's back-end processing bank. You can be assured that rates with our company will never be higher than what you are currently paying. Generally, businesses actually save money by processing with us, so this is an additional benefit to the Merchant Factoring Program.
Merchant Factoring is also known as merchant funding and is not a loan. There is no interest rate, and there are no requirements for collateral, financials, tax returns, audits, etc.
Ready to get the money you need for your business today?
Contact us today, and we would be happy to explain how the advance program works. It's simple!