Merchant Cash Advance Program

I'm a start up business. Can I get a cash advance?
No. Cash advances are only offered to businesses at least 1 year old and that currently accept credit cards. Go to your local bank and see if they can assist with an asset back loan through the SBA. You'll need a business plan.

I'm buying a business. Can I use the existing business credit card history to get an advance?
Yes. The approval requirement is that you've worked in that business for at least one year and the current owner you're buying the business from can verify your management experience.

I've been in my current business for less than 1 year. Do I still qualify for a cash advance?
Yes. We require that you have at least 1-year management experience in that same business type/industry. You'll need to provide a owner reference from that previous business that can validate your experience.

I don't accept credit cards. All my business comes from cash and checks. Do I qualify?
Many times, we can offer a cash advance or our business loan solution for merchants in this situation. We'll need to verify you cash/check sales by getting the last 6-12 months bank statements. This will show us your deposit history and will give us a better idea of how much you qualify for.

I do accept credit cards however the majority of my sales come from cash/checks. Do I qualify?
Yes however the amount you qualify for may be different than merchants whose credit card transactions make up a bigger portion of their sales. In this circumstance, we have several solutions that we'll review with you in order to get you the maximum dollars needed. Contact an Advisor for a no obligation review.

Does My Bank Offer Merchant Cash Advances?
No. Banks do not view your future credit card receipts as an asset. We do.

If you have a unique situation and you don't see the answer please call to speak with a seasoned Advisor who can help. Don't go it alone. Call Merchant Advisors today. We truly are America's Small Business Funding Experts.