Working Capital for your Business :
If your business accepts credit cards, getting cash for your business can be fast and simple. You could receive up to $150,000 per location in less than 10 business days—sometimes in as little as 72 hours.
AMS eliminates many hassles and delays common with traditional financing. It builds on the strength of your business’s existing and future credit and debit card sales, so a damaged personal credit history is not an immediate disqualifier.
What Is Cash Advance ?
A Merchant Cash Advance is a way of providing working capital to business owners. Merchants sell a specific amount of their business’ future credit and debit card receivables in exchange for cash they can use for whatever their businesses need.
Once approved, a lump sum of cash is deposited into the merchant’s business checking account. The collection process is automatically handled by the business’ credit card processor. As each day’s credit and debit card transactions are settled, a specific percentage is forwarded and applied to the remaining Merchant Cash Advance balance.
Because a set percentage of credit and debit card receipts are forwarded, your card-sales volume determines the amount of each payment.
Our Merchant Cash Advance is a proven, trusted way for you to get quick money for your business needs. You decide how to spend the money, whether it is for renovation, marketing/advertising, taxes or payroll, handling the costs of emergencies, or growth strategies.
There is low documentation, and no personal collateral is required.
- There are no application fees
- No hidden charges.
- 3 out of 4 Customers will return for multiple advances
How it Works ?
From start to finish, the entire process of a Merchant Cash Advance is just 4 easy steps:
- Applying. A customer service representative contacts you directly to complete the qualification process. Verification includes a number of simple facts about your business and its operations.
- Transacting. Upon qualification, you will agree to allow a specific percentage of your business’ future card sales to be forwarded as they are settled. In exchange, you will receive a lump sum of working capital into your business’ checking account and you decide how to spend the money on your business.
- Forwarding. As each day’s card sales are settled, a specific percentage is automatically forwarded by the business’ credit card processor. This percentage is fixed, so each dollar amount forwarded reflects your daily credit and debit card sales volume (see image below for payment forwarding detail).
- Completing. Forwarding stops automatically when the total amount of card sales your business sold has been forwarded—usually in less than 12 months (depending on card sales volume).