Merchant cash advance companies provide funds to your business in exchange for a percentage of the business daily or weekly credit card or bank accounts income. A company's remittances are drawn from customers credit cards purchases and bank accounts on daily or weekly basis until the obligation has been met.
Most providers from partnership with a payment processor will take a fixed percentage of merchant future credit card sales.
Once you fill out our merchant application and send us your 4 most recent months of bank statements all pages and 4 most recent months of credit card processor statements if applicable and we will send your info to our underwriting department . The approval can take one business day to two weeks depending on the size of the loan.
**Other documentation may be required upon lender request to finalize the loan.