We realize that no two businesses are alike.
One of the benefits of working with Merchant Advisors is our flexibility and our
creative approach to come up with a funding solution that's right for you.
If you have a unique situation that doesn't seem to fit our standard qualifying
criteria above, don't worry. We'll look for ways to help you get the funds
your business needs. Read on and see if any of the circumstances below are
closer to your present situation. As always, you can call our office to
speak to a funding Advisor with absolutely no obligation. We
understand. We care.
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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.
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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.
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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.
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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.
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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.
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Does My Bank Offer Merchant Cash
Advances?
No. Banks do not view your future credit
card receipts as an asset. We do.
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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.
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