Business Funding
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What is Merchant Cash Advance? A Merchant Cash Advance provides business owners with access to their needed capital. The company providing the funds advances the cash by purchasing a pre-determined amount of the business sales volume sold through a merchant account. Business owners can qualify for a Merchant Cash Advance between $5,000 and ranges up to $500,000 with our programs. |
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What is Merchant Loan?
A small business loan refers to receiving a lump sum of working capital to use for business purposes. The best feature about this type of loan is that there is a fixed payment amount which is automatically deducted from your business bank account on either a daily, weekly, or monthly basis. |
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What is Merchant Line of Credit? A line of credit is a flexible business financing option that allows quick access to a defined amount of working capital. The way it works is a business is approved for a set amount of credit and has access to that amount through a streamlined process which allows for quick and easy access to draw on the approved amount when needed. We can facilitate access to line of credit financing from $5,000 up to $250,000. |
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| Merchant Cash Advance* | Loan Programs* | Line of Credit* | |
|---|---|---|---|
| Funding Maximum | Advance up to $500,000 | Loans up to $1 Million | Funds starting at $5,000 to $250,000 |
| Time until Funding | Funding as fast as 24 hours | Funding as fast as 24 hours | Terms up to 18 months |
| Key Feature | Easy Fast Application | Loan terms 3-60 months | Approved amount accessed anytime |
| Frequency of Payments | Flexible payments based on receivables | Automatic daily or weekly payments | Weekly Payments |
| Minimum Credit Score / FICO | 500 | 550 | 550 |
What is Merchant Cash Advance?
A Merchant Cash Advance provides business owners with access to their needed capital. The company providing the funds advances the cash by purchasing a pre-determined amount of the business sales volume sold through a merchant account.
Many like the fact that you are only required to pay a fixed % of your credit card sales so if your sales slow down to a second COVID wave or other unforeseeable issues your safe. You have no accruing interest or fixed payback period.
Business owners can qualify for a Merchant Cash Advance between $5,000 and ranges up to $500,000 with our programs.
What is Merchant Loan?
A small business loan refers to receiving a lump sum of working capital to use for business purposes. The best feature about this type of loan is that there is a fixed payment amount which is automatically deducted from your business bank account on either a daily, weekly, or monthly basis.
Business owners can get access to working capital as small as $5,000 that ranges up to $1 million.
What is Merchant Line of Credit?
A line of credit is a flexible business financing option that allows quick access to a defined amount of working capital. The way it works is a business is approved for a set amount of credit and has access to that amount through a streamlined process which allows for quick and easy access to draw on the approved amount when needed. We can facilitate access to line of credit financing from $5,000 up to $250,000.
* = Must have a current Merchant Account with Commerce Technologies or sign up for such services to apply for Business Funding.
