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Which Merchant Cash Advance Do I Qualify For?

Business Cash Advance Program Description

The business cash advance program is different from the fixed-term loan, a traditional bank loan and a low-credit merchant cash advance. This program hinges most significantly on the credit card sales of a business, and as a result, moderate or even lower credit scores are a secondary factor. Additionally, most of these programs do not require the owners to personally guarantee repayment.

If you'd like to compare these to a fixed-term loan or a low-credit merchant cash advance, you can visit those pages and view the business cash advance calculators.

Comparison of Business Cash Advance and Typical Bank Loan or Corporate Credit Card Programs

Business Cash Advance	Bank Loan or Corporate Credit Card
Not a loan, rather an asset purchase	Uses interest rates. For instance, with credit cards or many loans, underpayment may result in a growing amount that you need to pay back
No fixed payments. If your revenues slow down, the repayment slows down	No fixed payments. If your revenues slow down, the repayment slows down
No personal repayment guarantee	Typically require personal repayment guarantee
No credit bureau reporting (except fraud)	Shows up on your credit report
Get money in as little as 7 days	Can take months to get the money
Can be used for any purpose	Typically, can be used for specific purposes only

Initial Criteria

Most commonly, the answers to these questions can help identify which business cash advance program is most applicable to the business.

Industry
Length of Ownership
Monthly Credit Card Processing
Average credit card ticket size
Monthly sales
FICO Score
Existence of Tax Liens or bankruptcy
Time left on lease
Current on lease
Non homebased business
Requested Amount of Advance
Whether in a cash advance now, and amount

We have available several different programs, each with different characteristics. Below is summary of our three most popular business cash advance programs: (a) Standard Business Cash Advance Program, (b) Starter Business Cash Advance Program, and (c) New Restaurant Cash Advance Program.

Standard Business Cash Advance

These advances are typically viewed as the lower risk deals, from the perspective of the business cash advance company. Typical industries that qualify for this program include:

Restaurants
Tanning Salons
Medical Offices
Nightclubs/Bars
Book Stores
Hosiery Stores
Clothing Stores
Music Stores
Luggage Stores
Day Spas
Tobacco/Cigar shops
Beauty Shops
Hair & Nail Salons
Shoes/Accessories
Movie Theatres
Liquor Stores
Gift/Stationary Shops
Sporting Goods Stores
Hotels/Motels
Coffee Shops
Florists
Laundromats/Dry Cleaners
Eye Glass Stores
Gourmet/Specialty Food Stores

Typical Requirements:

Process at least $3,500 per month [href to opening page] in Visa/Mastercard Sales From Their 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
Merchant owns their inventory (no drop shipping)
Batches out their terminal at least 12-15 times per month

Industries that will not qualify:

Airlines
Electronics/Stereos
Anything Illegal
Employment Agencies
Drug Paraphernalia
Flea Markets/ Booth vendors/ Kiosks
Pornography
Gas Stations
Anything pre-paid
Home Based businesses
- 900 Numbers
- Carpeting
- Gift Cards
- Phone card sales
Home Furnishings
- Mattress
- Shutters/Blinds
Art Galleries
Auction Houses
Telemarketing
Car (New or Used) Sales
Internet sites and stores that are home-based (see our fixed-term loan, however)
Investments Opportunities
Jewelry Stores
Bail and Bond Payments
Lotteries and Gambling
Check Cashing
Membership Clubs (sports)
Computer/Computer Repair
Merchants selling on E Bay or PayPal
Construction Companies
Moving and Storage
Consultants
Stamp & Coin Stores
Contractors (see our fixed-term loan, however)
Supermarkets (see our fixed-term loan, however)
Credit Repair
Timeshares
Cruise Lines
Travel Agencies (see our fixed-term loan, however)
Debt Collection Agencies
Vacuum Cleaner Sales
E-Commerce (see our fixed-term loan, however)
Wire Transfer Money

Low-Credit Merchant Cash Advance

This program is an alternative to a business cash advance and applies to merchants that have a credit rating below that required for a business cash advance, or that are in exceptionally risky industry categories. In general, credit scores are not considered for this program. To learn more about Low-Credit Merchant Cash Advance programs, please visit the pages that describe the program, walk you through application process and the next steps.

New Restaurant Cash Advance

There is a special program available for qualified companies planning to start a new restaurant.

Cash Advances on Checks

In the past several months, this new cash advance program has become available for businesses that accept checks from customers. This requires the business to begin processing all checks using a check scanner service, which on its own can improve cash flow and reduce costs. If this program is of interest, please visit our Business Cash Advance Based On Checks page.