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How it Works?
1. Through our network of select lenders we arrange for your business to receive a business cash advance by purchasing an agreed to amount of the Merchants business’s credit card sales at a discount.
2. The selected lender will verify the Merchants business profile including, total gross sales, history and business relationships. The Merchant may qualify for funding from $ 5,000 to $ 500,000.
3. To repay the advance, the Merchant agrees to pay a small percentage of each of their credit card transactions, or an agreed to amount from their checking account.
Note: With a business cash advance or known as a merchant cash advance there is no pressure to pay the advance over a specific timer period. The Merchant pays back the advance as their customers make purchases. Its simple, easy, and certainly affordable.
4. The rates on Merchant Cash Advances are competitive, and usually are from 1.19% to 1.49%. As an example: If a Merchant got an advance of $ 20,000 at 1.19%, the total amount to be paid back would be $ 23,800.
5. Merchant Cash Advances are done very quickly, in most cases the transaction is completed in 5 to 7 days.
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