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Knowledgebase : About Our Business Loans
_An agreed upon percentage of your credit card processing is sent directly from your processor to us or an agreed upon daily ACH is taken out of your bank account until the cash Advance is paid in full._
_Qualifying for a Merchant Cash Advance is far easier than a bank loan. No checks are ever written, no late fees or hidden fees. In addition, there are no personal guarantees, no loss in equity or need to post collateral to secure the cash advance. _Also_...
_It advances cash to merchants based on anticipated future sales, offering an alternative to the traditional bank loan. With a Merchant Cash Advance - which is not a loan - businesses receive a lump sum in return for a percentage of their future revenue._
_Over 85% of our applicants get approved and funded in less than 5-7 business days. Our review standards are streamlined to provide an expedited approval process that requires minimal documentation. Qualification is fast, simple and easy. Not only have _t...
_Pre-approval is usually done the same business day. Funding takes two to three business days depending on the amount of the transaction. All in all, we can fund your business in less than a week!_
_Once the agreement is signed it usually takes 2-3 days until the money is sent directly _into_ the business account of your choice and is received as early as the next business day._
_The average size of our cash advance is about $25,000, although cash advances range from $3,000 to $100,000.00_
You will need: 1 page signed application, 6 months of credit card processing statements, 2 recent months of business bank statements (6 months bank statements if not processing credit cards).
_Many small business owners are unable to obtain traditional bank loans because they have insufficient credit or collateral. As a result, more and more businesses have been turning to Merchant Cash Advances for infusions of working capital or other immedi...
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