WORKING PROCESS

HOW LONG DOES IT TAKE TO GET PRE-APPROVED AND FUNDED?

We give pre-approval within 48 hours of your submission. We fund most new clients within 3 to 10 business days. Funding amount above 75K, funding in 7 to 14 days. We can move as fast as you can provide all the requested documentation!

How much do I qualify for?

  • Funding is based on your monthly sales deposits
  • We may fund 25 to 60% of your cash deposits.
  • Must have a minimum of 10 to 15 deposits per month.
  • No more than 5 NSFs allowed.
  • Must have a positive ending balance.It all depends on your credit card or check deposit history. We will make sure to give you multiple options and advice for what suits your business best.
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HOW DO I PAY THE MONEY BACK?

We collect payments electronically from either your credit card processor or directly from your bank account daily or weekly depending on the program. It could be a daily percentage of your gross electronic batch or a fixed amount drawn from your bank account to reduce your balance. The percentage never changes and the gross amount collected fluctuates with your daily sales. If you do less in sales the amount collected is less, depending on the program.

 

WHEN CAN I RENEW?

Most of our customers recognize the value of having working capital available when they need it. That is why over 85% of our customers renew with us. The general rule of thumb is that if a customer has performed as expected and has paid back approximately 70% of their balance they can easily apply for a renewal. Normally our customer care representatives will reach out to see if a renewal makes sense for you