The benefits are endless and very enticing if you need extra cash. We can quickly advance cash within days without any hassles, monthly payments, or collateral.
Best yet, it’s not a loan and bad credit is not a challenge. You are never billed and the is paid back within months from your daily credit card volume.
1.It is working capital that helps small business merchants grow without borrowing money.
2. Pre-approval takes between 2 to 4 hours and funding can occur within 5 business days.
3. Once approved, FFA opens their merchant account within hours.
4. The application is simple and set-up fees are free with no deposits or collateral to put up.
5. This is automatically retrieved from your credit card processing volume.
6.It is geared to enhance cash flow, not constrict it. It helps capitalize the business
7. A percentage of a merchant’s gross revenue is retrieved at approximately a very small % of their daily gross sales.
8. Additional access to cash is always available and we can fund multiple locations at the same time.
9. Our renewal department calls the merchant when 70% of the has been paid back.
1. There are no fixed payments to mail every month. The payment varies with daily credit card volume.
2. No bill is ever sent, only a statement showing the merchant’s balance and credit card processing volume.
3. The merchant is not tied to a fixed period because repayment may take a little longer, depending on sales.
4. FFA “split-funds” every time a credit card is swiped through the terminal.
5. There is no collateral usually required, attachment on personal property, or extraneous requirements to fund the cash.
6. The merchant can come back for quick emergency money anytime after repayment; within a few days.
7. We will lend on multiple locations as many times as you want, without lengthy credit checks or paybacks.
8. Merchants do not need excellent credit scores and past bankruptcies are strongly considered.
9. The merchant can use the money for consolidating debt if he wants; so long as it helps the business grow.
10. Processing volume can be as low as $4,000.00 per month average over the last 4 months.
1. The program must never be considered, or spoken of, in terms of a loan because it is not.
2. FFA underwrites the application.
3.FFA invests in small businesses looking for short-term capitalization, not long-term loans.
4. FFA are relying on future credit card receivables and advance cash for working capital purposes.
5. We avoid using words and phrases such as loan, interest rate, payment term, APR, principal or any other
traditional lending institution language that would imply that is a loan.
6. The merchant payback fee split-funded by the processor. After application is approved, an agreement is forwarded and funding can occur within 5 business days.
7. FFA underwrites the merchant account and does not charges a discount rate for the transaction processing.
8. FFA needs 4 months of credit card statements.
9. Monthly credit card volume may qualify the merchant for $3,000.00 to $150,000.00 in funding.
Demand for is constant because businesses always need money.
Seasonal businesses are always looking for cash because lenders are reluctant to lend on a cyclical business.
Approximately 92% of business owners are refused loans from traditional lending. Most seek alternative means.
2. The business or its ownership has less than prefect credit and co-signers are hard to find.
3. Most small businesses do no fit the lending models of major banks and risk paying high interest rates.
4. Insufficient time in business, low volumes, and risky merchants pose a high probability for default.
5. Large debt ratios, high overhead, employee turnover, and slow payments are major turndowns.
6. The business must be in good standing and operating for at least 9 months, unless otherwise approved.
7. One exception is a well established existing location that is purchased by a credit worthy individual.
8. An existing client opening an additional location can be approved fairly easily.
9. There are special programs available for new businesses that meet conditional underwriting criterion.
10. They must provide four months of credit card statements.
11. Although we prefer sound established businesses, all businesses are strongly considered.
12. If in doubt, just ask. Do not pre-judge your situation and let us take a good look at the business.
Amount is based on the merchant’s projected future Credit Card sales volume.
By reviewing the merchant’s four most recent credit card processing statements, we can calculate the average of your monthly credit card volume. Seasonal businesses require more statements in order to properly determine their average volume. There are three simple programs you we offer merchants, depending on their specific situation.
Call A Funding Specialist Today-888 342-4FFA
No Obligation to see how much you qualify for? Lowest % in the USA!
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