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WORKING CAPITAL PROGRAM
CREDIT CARD CASH ADVANCE
Stop losing sales because customers can't get financing!
Poor credit does not mean a rejection!
Who is Advance Credit
Funding?
We are
a company with over 50 years of equipment leasing and commercial finance
experience. Having experience working with both vendors and customers we
understand your business better than the lenders who have turned down
your customer. We can help close sales.
How do I know if my
client qualifies for the Working Capital Program (WCP)?
The
customer must be in business for 2 months, have at least $5,000 of
monthly credit card transaction and meet a few other simple
requirements. We can fund up to $1,000,000 in as little as 3 – 5 days.
We have over a 90% approval rate!
How much funding can be
advanced with the WCP?
That
depends upon your customer’s monthly credit card volume. We can provide
100%-150% of their monthly credit card volume.
Is there a Personal
Guaranty?
No.
Will taking a merchant cash advance affect the customer’s credit?
No.
Can the advance be renewed?
Yes, after a
portion of your advance is paid and the advance is in good
standing, you can apply for additional funding. This allows you, the
seller, to plan on another sale to the customer in about 4 months.
Is there a credit check?
Yes, primarily to
look for tax liens. Poor credit does not necessarily mean a rejection.
How is WCP different from a bank loan?
We purchase future credit card processing receipts. Each night the customer batches, we collect a percentage of the credit card sales; we continue the process until the advance is fully paid.