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Our Representatives Are Standing
By!
At U.S. Financial, we pride ourselves on providing
personal customer service. Feel free to call at
888-581-5990.
If you don't see an answer to your question below, our friendly
staff is standing by.
Call Today!
888-581-5990
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How does
merchant cash advance work? |
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With a merchant cash advance, we are purchasing a
portion of your future credit card receipts at a discount. We
give you cash now and then we are repaid with a small percentage
of your daily credit card sales until the merchant cash advance,
plus our fee,
is reimbursed. |
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How can merchant cash advance
help fund our operation? |
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Our merchant cash advance program was designed to
give store owners immediate cash without the hassle of going to
a bank for a loan. If your store needs cash but you cannot, or
do not wish to, go through your bank then you should consider a
merchant cash advance.
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How much funding can I receive with a
merchant cash advance? |
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The amount of cash you qualify for depends on
your currently monthly credit card volume. Typically, we
advance 100-150% of your current monthly credit card receipts.
So, if you are currently processing $30,000 per month in
credit cards you would be eligible for $30-45,000 in merchant
cash advance.
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Are there restrictions on how I
use a
merchant cash advance? |
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There are no restrictions on how to use the funds
you receive from a merchant cash advance. Some common
areas where the funding has been used: company expansion,
advertising, special promotions, new store openings, or even to
buy out an existing partner. But you decide what you want
to use it for.
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How does a merchant cash
advance differ from a bank loan? |
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To obtain a bank loan in today’s credit
environment you will have to pass stringent requirements to be
approved. It is estimated that only 10% of business
customers who apply for bank financing are approved. Also,
to get approved you'll be subjected to a lengthy, and sometimes
tedious, process of producing financial items such as tax
returns, personal financial statements, etc, etc,. With a
merchant cash advance there is a simple application process.
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Does my company need "A" credit
to be approved for a cash advance? |
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That’s the great part of our program. Since
we are not “loaning” you money, but simply advancing cash
against your credit card processing receipts, we can accept
individuals and companies with bruised or damaged credit.
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Will using a merchant cash
advance affect my credit? |
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No. If you meet the terms of our contract, the
cash advance will never be reported.
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Will I need to switch my credit
card processor? |
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In most cases the answer is yes, you will need to switch to one of our
credit card processing partners. When you switch, we will usually match,
or beat, your
current processors rates.
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Can I use the merchant cash
advance more than once? |
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Yes, you can. After you have paid off a
portion of your advance and are in good standing, you can apply
for additional funding.
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What do I need to submit to get
approved for a merchant cash advance? |
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To get approved, we will need basic documentation
consisting of: a simple application, some credit card
processing statements, a bank statement, and proof of ownership
of your business.
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