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FREQUENTLY
ASKED QUESTIONS
Q:
Is this legitimate?
A: Absolutely - and it's backed by two of the most admired financial
institutions in the world. But with all of the things you hear about on
the web, we're glad this is on the minds of our customers. Over the
past 7 years, more than 20,000 business owners have
received over $1 billion
of working capital to invest in their business as they see fit, without
collateral or personal guarantees. Our financial partners are backed by
companies like Wells Fargo and Brown Brothers Harriman. We are not part
of either company; rather, we are an independent provider of funding
solutions they provide.
Q: What is the paper work involved?
A: This is virtually a paperwork free process. The only thing we need
is your last 4 months of credit cards processing statements, plus a 1
page application. "That’s all"
Q: How long does it take to get
approved?
A: Once we receive your completed application, approval takes only 24
hours.
Q: How much can you advance me?
A: We advance you based on your monthly gross sales volume. We take
into consideration the last 4 months credit cards processing
statements; you may qualify for up to twice your monthly gross sales
volume.
Q: What is the interest rate?
A: This is not an interest based loan, however all the numbers will be
provided to you to the penny.
Q:
How long does it take to get the money?
A: Once approved the cash is typically wired into your account within
5-7 business day.
Q: Can I pay back the advance early?
A: Yes, you can always pay off the balance remaining on the advance at
any time.
Q: Is any collateral required?
A: No, we use your proven business track record to determine funding.
Q: Will the Cash Advance show up on my
credit report?
A: No, this will not show up on your credit report, so you can still
apply for additional financing and it will not impact your debt to
income ratios.
Q: Do I have to get a new
credit card terminal?
A: Not usually. All you have to do is re-program your terminal, which
is free of charge, it takes only 10 minutes and it can be done over the
phone. Our credit card processing department will call you to give
step-by-step instructions.
Q: Do I have to switch my current
credit card processor?
A: The funding process works through your credit card terminal so we
may
need to switch you over to our preferred credit card processor. We work
with an outstanding organization that will match or may actually beat
your current rates, and will make the transition virtually seamless.
We understand that it may not be possible for you to switch processing
and can adjust accordingly to extend funding.
Q: Can I renew my advance?
A: Yes, and 80% of our merchants do. You may renew the advance every 4
months and receive more cash. You will never have a cash flow problem
again.
Q: Who do I call with questions about
my account?
You can call our Customer Care Group at 1-866-903-5012, between the
hours of 9:00 am and 6:00 pm EST.
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