Merchant Cash Advances are hassle-free and fast. Businesses who would be caught in the red tape associated with traditional loans, often get approvals within 24-48 hours of a request with a Merchant Cash Advance provider. Because there are no checks to write, and the money is paid back at every Point of Sale automatically, there is no concerning yourself with late fees. In addition, there are no fixed payments, late fees, hidden fees or interests. That means the agreed upon funding will never change percentage, and there will be no surprises. Because there is no collateral for the amount of the advance, the only side that takes a risk, is the Merchant Cash Advance Company. If your business is having a great day you can pay the balance off quickly. If your business is having a slow day, you are not penalized. The percentage always remains the same, and the amount differs based on your sales. Perhaps one of the most important aspects in today’s society, where your credit score can make or break you, Merchant Cash Advance companies do not appear on your credit report. To summarize, with the absence of guarantees, collateral, and equity, Merchant Cash Advances are a risk-free solution to your monetary needs.

Merchant Cash Advances have supported business owners in all industries. The only requirements are that you are a business that deals with credit card transactions totaling to a minimum of $10,000 and has been active for 6 months..

The average size of our cash advance is $25,000- $75,000, although cash advances range from $10,000 to $2,000,000.

As part of the qualification process, the owner’s credit will be reviewed. This is a soft pull, we do not do any hard inquiries. However, if your credit is not the sole determination of whether you will receive the cash advance. Rather, we look at the history of your business profits, along with a projection based on your industry and location. Many business owners with damaged credit have received hassle free funding.

No collateral is ever required for a Merchant Cash Advance.

Approval times are based on the business owner. This means, the faster you get the required paperwork to your representative, the faster you will have access to your loan. Generally, the approval process takes an average of 24- 48 hours. If we are able to get in touch with the trade references you provided, and you have signed the approved agreement, you can retrieve the necessary funds the next day.

After your cash advance is approved, the money is electronically deposited into your business checking account

How and when you use the funds is completely up to you. Use it to build an addition to your business, purchase new equipment and inventory, extend your promotional capabilities, or save it for a rainy day.

We will recommend credit card processing vendors that will be more cost effective to your business. We are here to support you in your goal of using your funds wisely in order to succeed, which entails making smart decisions on whom you choose as vendors. Because we have strong relationships with credit card processing vendors, the rates they offer to our clients are unbeatable.

Just call 212-221-3644 and speak to one of the Prompt Capital Funding Merchant Solutions customer service representatives.

Because our product is a cash advance, not a loan, you are free to apply to our company. If you qualify and meet our requirements, we will provide immediate funds.

Prompt Capital Funding will beat the terms of any Merchant Cash Advance. Like switching car companies before the end of the lease, we will pay off your existing advance if it is the logical thing to do for your business. Because our staff is comprised of previous business owners, we will always ensure that you are given the right recommendation to ensure your success in the competitive world of small business.

Call us toll-free at 212-221-3644 or email us if you prefer  [email protected]. Our commitment is to serve you the best we can. Because your success ensures ours.