Requirements
- Business must be processing credit cards for a minimum of 60 days
- Business monthly credit card volume must be at least $5,000 per month
- Business must be current with landlord and have at least 12 months left on the lease. If applicant owns building, he/she must be current with mortgage.
- Business cannot have any open bankruptcies
What is a Merchants Cash Advance?
Advance My Business Cash will purchase a business’ future credit card processing receipts. Every time the merchant batches, a percentage of the credit card volume is used towards the repayment of the advance; this process repeats until the advance and premium are fully satisfied.
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