What we need?
- 500 credit score is ok!
- Merchant just needs to be 6 months in business.
- Merchant only needs a minimum of 20k gross revenue per month for each of the last 3 months.
- IRS liens are ok as long as there is a payment plan already in place that is being paid.
- We require a minimum of 5 deposits per month.
- We will take 1st, 2nd, 3rd, 4th, 5th and even 6th position as long as the revenue numbers work out.
- No Brick & Mortar proof or rental checks or valid leases needed!
- We will consider almost all industries. Trucking needs 35k revenue over last 3 months.
- We can fund in all the 48 continental states in the US.
- We advance from $5,000 - $500,000. We do not fund deals below 5,000.
- We always offer prepayment discounts to your merchants, starting at 15% down to 10%! Many merchants will love this potential discount!
What will decline a file?
The following issues will usually cause a file to be declined. If there are:
- Open Bankruptcies
- Any month with below 10k revenue
- Any past default on a Merchant Cash Advance company
- No credit score at all
- If there are a very large number of NSF’s and/or overdrafts in one month
- If there are too many negative daily balances in a month (5 days or more) or too many days with a combination of negative balances and/or very low daily balances
- We do not fund Non-for profit companies.
- We only fund US companies, we don’t advance to Canada or any other country.)
Nevertheless, if you are personally acquainted with a file and could explain why certain things happened, and how things are now better, then please send it in and we can discuss it. When in doubt, send it in!
Commission and ISO protection.
- We give double digit commissions on ALL newly funded deals.
- We will protect your interests. Tell us who works for you and we will not allow them to send us deals directly.
- Commission is paid the day after funding!
- On "refi's" you are paid on the full renewal amount!