HOW THE ADVANCE FUNDS NETWORK CREDIT CARD FINANCING WORKS:
Our most popular program for merchants today is when we advance you funds against your future credit card receipts. There are several programs available for a merchant to choose from. A mutually agreed-upon percentage is taken of your daily Visa/MasterCard (American Express) receipts until full repayment is achieved or a Daily, Weekly, Bi-Weekly or monthly fixed payment is made.
Amount of a cash advance varies from $5,000-$750,000 and is primarily based on the average of your last 4 months Credit Card statements.
It takes approximately 6-18 months to pay back the advance. The payback period is not fixed because it is based on your actual Visa/MasterCard receipts. The percentage or fixed amounts are only withheld until the entire agreed upon amount is paid back. It is a very cash flow friendly program especially in today's uncertain times whenbeing liquid is a matter of survival.
In order for us to receive payment though the credit card company, you may choose to switch to one of our approved credit card processing networks. Our rates will beat or match the rates of your current credit card processor. In addition, 95% of the time you are able to use your existing equipment.
We are not a factor and not a bank; therefore, there is no interest rate. There are also no requirements of collateral, financials, tax returns, etc.
We can fund you within 5-7 business days.
You will receive monthly statements recapping all monies paid in the previous month together with an end of month balance. You can also go online to check your daily balances and monthly activity.
Merchant Benefits
- No personal guarantees
- No collateral pledge on your home or business.
- No fixed payments (unless requested)
- No coupons or checks to write
- No impact on your ability to qualify for other financing
- No business use restrictions on the funding
- No hassles - quick application & fast funding
We get paid when you get paid!
Apply now for a no cost, no obligation quote. Online application is easy and only takes a few minutes. You'll receive your quote within 24 hours. Please call to speak to a Financial Advisor at 888-310-3110.
Please visit the Funding Criteria Page for more details on all our available programs for businesses looking for financing options.
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