During the last few years of the “Great Recession”, and again recently with the corona virus panic, traditional lending sources have all but dried up for small business looking to expand, or receive a life line to their cash flow. Banks have always been known to reject half of their business loan applications, and they are even more stringent during financial crisis. Trying to use credit card lines to augment cash flow, has proven a costly option to business owners with interest rates at an average of around 22%.

Merchant Services America can provide business merchants with cash advance programs at a much lower cost, and within 1 day from application approval! With a simple, one page application form and no application fees, your business can make use of cash advance funds in as little as 2 days! You don’t need a high credit score for approval. Merchants with credit scores as low as 500 may have failed to qualify for programs with traditional lending institutions, but are approved thru us!

How It Works:
Approved merchants receive a cash advance up to the equivalent of 1 month’s credit card processing sales.
A specified percentage of your credit card sales are remitted to pay back the cash advance during your settlement process every day. The specified percentage is fixed and may only change upon mutual agreement. There is no set payment due each month like a traditional loan. If your business has a slow month, your payment for that month is lower as well.

With a simple, one page application form and no application fees, you can make use of cash advance funds in as little as 2 days

For example, A merchant has a monthly average sales volume of $20,000, and is approved for this amount of cash. After the first month, The merchant’s sales volume for the month is roughly $18,000. The merchant pays $1800, or 10%. If the merchant generates sales of $22,000 the next month, they again pay 10% or $2200. The next month they may generate sales of $12,000 and again pay 10% or $1,200. It’s no surprise cash advance products are popular throughout the small business community, but important that you carefully scrutinize your options! Our programs are cheaper, and easier to attain compared with other, costlier and more time consuming traditional loans.