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FAQs
1) How can I
qualify?
You have been in business at
least one year
You have at least one year
remaining on your property
lease
Your business accepts credit
cards as a form of payment
Your business processes a
minimum of $2,500 in credit
card sales a month
2) How can I use the
cash advance?
You can use your cash
advance to fulfill almost
any of your business needs.
Expand or remodel your
business
Increase inventory
Replace existing equipment
Promote or advertise your
business
Add locations
The best part is - the
decision is yours!
3) How do I apply?
It’s easy – simply fill out
our online application or
call a Merchant Business
Funding Group representative
at 1-866-202-2820!
4) How does the
program work?
Merchant Business Funding
Group offers products and
services that are
specifically designed to
provide small to mid-sized
business owners with
flexible and unsecured
access to capital. Your
business will receive cash
in exchange for the purchase
of a small portion of your
future credit card receipts.
The cash advance will be
deposited into your business
checking account allowing
these funds to be accessible
immediately. This is not a
loan, it will not require a
complicated application
process, personal
guarantees, collateral, or
unnecessary fees.
5) How soon can I
get the advance?
Once the required
documentation is provided in
full with the application,
money can be received
quickly through an
electronic transfer.
6) How do I pay back
the cash advance?
A small percentage of your
daily credit card sales is
deducted until the balance
is collected.
7) How can I check
my account status?
There are two ways to check
your account status. You can
request a monthly statement
that shows the previous
month’s activity or you may
also access your account via
the web.
8) Can the cash
advance be renewed?
Yes, when the advance
balance is down to
approximately 25% of the
original balance, your
business can request another
advance.
9) Who do I call if
I have any questions about
my account?
You can call a Merchant
Business Funding Group
representative right now at
1-866-202-2820. |
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