Business Cash Advance
Based on Checks

We offer a unique payback alternative for businesses that have a significant portion of its sales from checks that it receives from customers.

Benefits

• Save money by electronically sending checks to the bank instead of driving them to the bank
• Improve cash flow by increasing the frequency with which you deposit checks
• Streamline operations and enhance data capture by maintaining electronic records about checks you receive
• This service is not associated with any particular bank, so you can switch banks

Qualifications

• Check volume is >$25,000 per month, relatively steady month-to-month trends
• Average check size is $500. You may be asked to provide four months of deposit slips and checks, depending on the checking statements details available
• Number of deposits is over 12-15 per month
• Total sales are >$30,000 per month
• Business not home based
• FICO score > 550
• 1 year or more left on business lease

How it works

• You apply and get approved for the business cash advance, the check scanning service and the scanner lease
• Scanner is shipped to your business and connected with the help of a customer service representative at an 800 number
• You receive training from the same or another customer service representative
• Scanner is used successfully 2 to 4 times, to demonstrate successful batches
• Final verification of business cash advance terms are made, then a wire transfer is made to your business checking account

How to apply

Please visit our Free Business Cash Advance Quote page and apply now to get a free quote, or just click the Apply Now button to the left. To see a writeup about the next steps after you apply for a check-based business cash advance, please click through.