Capital for Merchants
How This Works:The Concept is simple. Capital For Merchants will pay you for your future credit card transactions. As transactions roll in, we collect a small fixed percent of those daily credit card receipts.
Benefits
Flexibility…since we are not a bank or lender, we can be very flexible in structuring an advance to meet your unique needs. Capital for Merchants is an attractive alternative from traditional sources for short term funding needs. Looking at leasing new equipment? Capital for Merchants is the perfect antidote for high priced leases. Why pay 2 to 3 times the value when you can purchase the equipment, using Capital for Merchants funding for a fraction of the lease cost? The equipment is yours and becomes an asset rather than a liability.
Let’s get started.
Getting started is easy, all you need to do is fill out a simple application or give us a call and answer a few questions. One of our representatives will review with you what will be required to get the funding you need, fast. We can typically get you funding within 72 hours, and since we are not a bank, we can do this with a lot less hassle. Qualification is easy; simply document to us the monthly credit card volume you are currently settling, tell us how long you have been in business, how much capital you are looking for. We will get right back to you with the funding amount we can commit and the requirements for closing.
Frequently Asked Questions
- What are the main requirements to qualify?
You must be in business for 1 year or more. You must have been accepting credit card for the last 6 months or more. You need at least $2,000 per month is credit card sales. You must have at least 1 year remaining on your business property lease or own your building. 90% or more of your credit card transactions must be swiped. You must exclusively process credit cards through North American BanCard during the term of the Advance. - How can I use the cash?
Any way you want. We are only interested in your continued success. - How soon do I get the cash
Funding will be made after your 2nd daily batch showing a credit card volume equal or greater than what you estimated. - How much cash can I get?
Depending on your credit card volume, you can get up to $100,000 per location. - How soon do I get the money?
After completing the application you can expect your money in as little as 72 hours. - How can I monitor the progress of my advance with you?
Once you are funded, you will be assigned a customer identification # and password that will allow you to monitor the progress of your advance, ask us questions, and request additional funding. Once signed into our secure site, you will be able to view the details of your advance and the daily and advance to date details. - How does this purchase work?
It’s simple, as you settle your daily credit card sales, (Visa and MasterCard), Capital for Merchants will receive a small percentage of those funds automatically, and the remaining balance will be deposited into your account. - Will this advance purchase delay my money coming to me?
Absolutely not, your money will be deposited in the same manner, and within the same time frames as it always has. This purchase will not impact the timing our your deposits at all.
