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Low-Credit (Starter) Merchant Cash Advance?

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	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)