These funding vehicles are for businesses who accept credit cards. If you accept credit cards and have sales over $5,000 monthly, you might be a great candidate for merchant advances and card credit.
With Merchant Advances lenders review your merchant processing history to determine approval. If you do consistent credit card sales of $5,000 or more each month, and if you have limited chargebacks, you can qualify for this program even if you have challenged personal credit now.
This program offers approvals as high as $250,000. Your approval amount will vary based on the amount of credit card sales you typically process in a month. The lender will see how much you process each month in credit cards, will then determine the time frame they want paid back, and will then give you an offer of what percentage they will collect on your future credit card sales until they are paid back.
This financing program is not based on the quality of your personal credit. The lender will look at your credit just to insure you are not currently in trouble, such as having any large outstanding collections owed or judgments or liens. The lender just wants to insure no creditors are going to purse you causing you to default on the merchant loan, they don’t look at the personal credit to make their main lending decision.
This is a great funding program for you if you have good credit card procession volume monthly , even if you have personal credit issues.
“The business credit coaching program has been great. I am a startup company and because I had good personal credit, my funding adviser was able to help me obtain my startup capital, within 60 days.”Stella H McKinney, Dallas TX
“Hi my name is Ivan Sugussen, from Castle Food Company. I have been in the business of credit coaching for about five months now. I am really excited about what just happened Tuesday. I was approved for a $10 million line of factory credit. This is going to be vital to my company as we continue to grow. I have found the coaching program to be very thorough, and while it did take some time, I can say with full confidence, that my company is now creditable and has the financial backing to allow us to grow.”Ivan Sugussen, Castle Food Company
"Because I had an existing business and good personal credit, I was able to go through you program really fast. So far, I have obtained about $50,000 in business credit. I am already on step five and it has only been a couple of months. Thanks for all the help."Mari Mcclure, Chalmette LA
"You guys have been great. Thanks to your help, and thanks to my coach, I was able to get the startup capital for my company in about four weeks after signing up. You taught me how to use my personal credit, but without it showing up in my personal credit file. And at the same time, start building my business credit."Sherry O Hawkins, Tampa FL
"I cannot thank you enough. I was able to get enough capital to cover the expenses we had during our full season. Thanks to your help, I am now building good business credit. I also just got funded based on my account receivable, and a loan for miscellaneous."Sadie R Williams, Readings VT