ACH- REVENUE BASED FINANCE
The ACH-Revenue Based Program is designed for businesses that derive little revenue from credit card sales. It is ideal for manufacturers, wholesalers, distributors, contractors and other service providers. This unique program gives these businesses access to working capital based upon their cash flow and not traditional metrics like asset/collateral coverage and the balance sheet.
Like Business Cash Advance, this product is not a loan but the purchase of future receivables. In this case, the future deposits of the business. Financing is based on the amount of cash flow electronic debits (ACH debit) over 4 to 6 month periods. This product enables businesses to leverage future cash flow to obtain the working capital they need to grow.
ACH-Revenue based products offer businesses $10,000 to $500,000. We are currently funding in all 50 states in the U.S.
WHY ALTERNATIVE FINANCING?
Banks and traditional financing companies simply do not offer small to medium sized merchants any business capital. The amounts are typically too small for them, there are no (or few) material assets that can serve as collateral and the underwriting process is long and cumbersome. Furthermore, the types of documentation that banks and traditional financing companies require are simply not available, or the business tax liens or business owners credit score are irreconcilable with the guidelines of these institutions.
WHEN WILL I NEED ALTERNATIVE FINANCING?
Alternative financing solutions are for business owners seeking short-term working capital to grow their business by hiring, increasing marketing, buying more inventory, renovating, opening a second location, buying out a partner or simply paying bills and taxes.
We are funding currently in all 50 states in the U.S., with international expansion coming shortly.
WHO IS ELIGIBLE FOR ALTERNATIVE FINANCING?
Any legitimate operating business that accepts:
credit cards or bank deposits and has a valid lease (or owns real estate).
We adjust funding amounts and rates based upon personal credit, business credit, landlord, bank and vendor references. Tax liens or judgments must be in payment plans.
FUNDING AMOUNT QUALIFICATIONS
- Funding is based on your monthly sales deposits
- We may fund 25 to 70% of your cash deposits.
- Must have a minimum of 12 to 15 deposits per month.
- No more than 5 NSFs allowed.Must have a positive ending balance.
Bad Credit ok! (NO BKs, shortsales) Tax liens, must have a workout letter from the IRS or Tax Entity In these times, we know that many good, hard working people can have bad credit. We evaluate every application on its merits. We listen to your story and see how we might best help you and your business succeed.