Merchant Cash Advance
Min $2,500/month Credit Card Volume
$10,000 gross monthly sales
FICO Score is not a determining factor
Must be in business for at least 3 months
All industries accepted
How It Works
AFN will work on your approval with no upfront fees. The company will look at your credit transaction details instead of your credit report. Your receipts will tell a clearer story about the amount of money your businesses has the potential to earn over the course of time. AFN can then get your business the funds that it needs, as the company will feel confident about your ability to repay the advance. The lender will deduct a percentage of your future sales or you can make set payments until you have satisfied the requirements of the agreement.
Merchant Cash Advances vs. Traditional Lending
Traditional business lenders have a habit of being strict and judgmental. They sometimes fail to see a business’s potential because their focus is on credit score and collateral. A merchant cash advance gives a young business a chance to survive by disregarding credit score and focusing on earning potential. Therefore, you can still find your way to flourishing business ventures even if you have been through tough financial times. A merchant cash advance measures your worthiness by the feats that you can accomplish rather than your credit history. We look at over 2000 different data points including the human element which we know is the real driving force behind every business.
Merchant Cash Advances vs. Traditional Lending
Traditional business lenders have a habit of being strict and judgmental. They sometimes fail to see a business’s potential because their focus is on credit score and collateral. A merchant cash advance gives a young business a chance to survive by disregarding credit score and focusing on earning potential. Therefore, you can still find your way to flourishing business ventures even if you have been through tough financial times. A merchant cash advance measures your worthiness by the feats that you can accomplish rather than your credit history. We look at over 2000 different data points including the human element which we know is the real driving force behind every business.
The Advantages of a Merchant Cash Advance
Many advantages exist with a merchant cash advance. One of the largest advantages of this funding is that the application process is quick. While traditional lenders try to bury you in paperwork, AFN makes the process convenient with a short application. You could receive an answer to your request within hours. Additionally, the funds belong to you once you receive them. AFN places no restrictions on how you use them. Furthermore, you can still apply for additional funding with other sources because your AFN loan is a non-collateralized separate product.