Low-Credit Merchant Cash Advance?

This is a unique form of financing

It is available to small and medium-sized businesses that accept credit cards from customers that have low or no credit ratings.

Low-Credit Merchant Cash Advance Versus Business Cash Advance

Low-Credit Merchant Cash Advance

Typically requires no credit inquiry

Requires a credit inquiry

Requires a switch in credit card processor

Frequently, though not always, requires a switch in credit card processor

Advance size is typically 1/3rd the size of a Business Cash Advance

Business Cash Advance based on monthly credit card volume

In order to qualify, the business must:
  • Must process at least $3,500/month in Visa/Mastercard sales from customers
  • Credit cards processed daily
  • Multiple daily transactions
  • Average transaction size $500 or less
  • Immediate delivery of goods and/or services to the customer (no future delivery)
  • Cards are swiped in person at the place of business
  • Brick and mortar locations (not home-based)
  • Merchant owns their inventory (no drop shipping)
  • Batches out their terminal at least 12-15 times per month
  • Accept credit cards for at least one (1) month

Advantages of a low-credit merchant cash advance, also known as a starter advance include:

  • No fixed monthly payments or payback period
  • Approved in as little as 24 hours
  • No interest payments
  • No monthly minimum payments
  • Must have history of processing customer credit cards from your business for at least 60 days (except for merchants that qualify for our new merchant program or other programs)

Continue to see next steps for a Low-Credit Merchant Cash Advance

  
 
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New Merchant Cash Advance Program

A restaurant that is planning to open or that has been open for less than a month may qualify for this cash advance program. You must demonstrate a plan to reach $25,000 per month in the future. Please contact us at 1-877-221-3003 for more information.