Which Business Factoring Program is Best for Me?
Answer the following questions to determine which business factoring program is best for you and your business.
*Results are assuming you have on unresolved bankruptcies and at least one year remaining on your business lease.
Starter Program
We designed our starter program for merchants who do not qualify for our standard program. These merchants can receive an advance from $1,000 to $7,000. They may use the funds however they wish and we will automatically deduct a small percentage of daily credit card sales to repay the advance. When the advance is repaid and the borrower has built up their credit with us, he/she will be eligible for a larger advance.
Standard Program
Through the standard program, small business owners can receive up to $500,000. Repayments are also deducted from daily credit card sales and the funds can be used without restrictions. Requirements are as follows:
- Owned business for at least six months
- Business processes at least $3,500 in monthly credit card sales
- Owner has no unresolved bankruptcies
- Business has at least one year remaining on lease
Premium Program
Our premium program is set aside for small business owners, with higher credit scores and higher monthly credit card sales. Through this program, merchants can get the lowest rates in the industry and loan terms of up to 12 months. Premium program requirements are as follows:
- Owned business for at least six months
- Applicant has no unresolved bankruptcies
- Business has at least one year remaining on lease
- Applicant has credit score of 650 or higher
- Applicant qualifies for $50,000 business cash advance or higher
