What is Credit Card Factoring?
Credit card factoring is a process that turns your business's future credit card sales into cash! We employ the credit card factoring process in order to give you fast cash for your business.
Who Can Use Credit Card Factoring?
- Restaurant Owners
- Franchisees
- Retail Store Owners
- Salon Owners
- Auto Shop Owners
- ...and many many more
As long as you are a merchant and your business processes credit card sales, you can reap the benefits of credit card factoring. If your business processes at least $5,000 in monthly credit card sales, you can get up to $500,000 for your business.
Do I Qualify?
Use the following checklist to determine if you qualify to receive a business cash advance:
- Owned business for at least 6 months
- Process at least $5,000 in monthly credit card sales
- Have no unresolved bankruptcies
- Have at least one year remaining on lease
If you act now, you can have cash in your account in less than two weeks, instead of waiting and waiting for your credit card sales to be processed.
Credit card factoring optimizes your business's credit card sales. First, the amount that you process in monthly credit card sales determines how large your merchant cash advance can be. Second, once you have received your merchant cash advance, the repayments are automatically deducted from your daily credit card sales. Only a small percentage of these sales is deducted, making this procedure easy on your business as it promotes sales.
