|
Unsecured Business Loans FAQ |
|
1) What is the paper work involved? The only thing we need is your last 3 months of Visa / Master-card merchant account (processing) statements and a business loan / cash advance application. 2) How long does it take to get approved? Once we receive your completed application, approval takes only 24 hours. 3) How much can you advance me? We advance you based on your monthly gross sales volume. We take into consideration the average of last 3 months of your Visa / Master card merchant account statements. 4) What is the interest rate? This is not a interest based loan, however all the figures will be provided to you. 5) How long does it take to get the money? Once approved the cash is typically wired into your account within 3 to 5 days or less 6) Can I pay back the advance early? Yes, you can always pay off the balance remaining on the loan at any time. 7) Is any collateral required? No, we use your business track record to provide business advance. 8) Are there any closing costs? No, there are no closing costs or fees. 9) Will the Cash Advance show up on my credit report? No, this will not show up on your credit report. 10) Do I have to switch my current credit card processor? Yes, you will be upgraded to one of the best processors in the country and we will match or beat your current processing rates. 11) Can I renew the loan? Yes, most of our merchants do. You can renew the loan every 4 months and receive more cash. Your cash flow situation will be excellent. 12) Is there any cost to switch merchant service provider? All set-up fee’s are waived Quick links Testimonials |
|