How to Qualify for a Business Cash Advance
What is a Business Cash Advance?
A Business Cash Advance provides small business owners with access to much needed capital. Alternative Business Capital funding partner advance the money by purchasing a pre-determined amount your Visa and MasterCard credit card sales, through your merchant account. Through an automated process, we collect a small percentage whenever a credit card sale is made.
The Business Cash Advance program is an alternative style of financing, called receivable financing. This type of funding allows a business owner to sell their future credit card receivables at a discount so you can a lump sum of money deposited into your business checking account for working capital, equipment purchases, advertising, promotions, renovations and more.
Basic Requirements
- Must be in business at least one year.
- Provide 3-6 months of Visa/MasterCard credit card and bank statements
- Minimum credit card volume: $4,000
- Minimum credit score: 520 FICO/Beacon
- Current on rent/mortgage
- No open bankruptcy, judgment or liens
- Acceptable Business Type
- Be willing to change credit card processors, necessary
- Meet other minor requirements
Not Eligible
- Home-Based Business (SOHO)
- Mail Order Telephone Order (MOTO)
- Internet Only Business
- Adult Entertainment, Pornography
- Unacceptable Business Type
You Qualify if:
- Your Business Accept Visa and MasterCard
- You Process a Minimum of $4,000/month
- You've been in business at least one (1) year
- You can provide 3-6 months credit card processing statements
Do you meet the above qualifications? WHY WAIT! 
FAQ
How much does it cost?
The fee will range from 1.25 to 1.45 and is based upon underwriting guidelines, time in business, length of lease, credit history, credit card volume, average monthly sales and past business history.
THERE IS NO INTEREST RATE - THIS NOT A LOAN
How much can I qualify for?
You will qualify for $10,000 to $1 Million based on your credit card volume and other underwriting guidelines.
What determine the size of a Business Cash Advance?
It is based on your credit card volume and total sales volume over 180 period. We approve your business for the highest possible amount based on the documentation provided.
How does a business repay an advance?
Our funding partner collects a small percentage on each credit card transaction through our preferred processing bank.
Will I need to change credit card processor?
- Yes, if you're not processing with our preferred processing bank
- We will meet or beat your existing credit card rates or fees
- We will provide a merchant account at no additional charge
- We will provide a free credit card terminal, if necessary
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