Retail Capital will transfer a lump sum of cash into your business’s bank account in exchange for a percentage of your future credit card sales, which will be paid to Retail Capital until the total agreed amount is paid back. And since the amount to repay is paid through your business’s credit card sales, the payments match the cash flow cycles of your business.
The application process is quick, easy and simple, and your business can receive funds within 5 days of submitting an application. There is no security needed, so your assets are not tied up in funding your business. Also, the Business Cash Advance gives flexibility in managing cash flow as the advance is only paid back through your credit card transactions. Since the payments are directly tied to your business’s sales, you don’t need to worry about making payments or missing deadlines.
There are no restrictions on what you can spend your advance on. As a business owner, you know exactly what the strengths and weaknesses of your business are. You can fund a variety of business purposes including working capital, stocking up for a busy period, advertising, remodelling, expansion, paying taxes and more.
Each business is different and the advance is tailored to suit your business. The amount of funding you receive is primarily determined based upon your monthly credit card sales. For more information, contact Retail Capital today to speak with one of our business cash advance experts.
Repayments are based on an agreed percentage of your daily card sales. This percentage is paid over daily until the entire amount due is collected. This saves you from worrying about making payments and missing deadlines so you can focus on running your business.
Business cash advances are offered to businesses in a variety of different industries that accept credit or debit cards as payment. Typically, customers who choose a business cash advance are small and medium-sized business owners that have been in business for at least 6 months.
Business owners who do not have a perfect credit rating or collateral to offer are still able to get approved and receive funding. Because business cash advances are dependent on future credit card sales, personal credit history is not considered as much as when applying for a small business loans from banks.
Contact us today to find out if your business qualifies. Let’s create the future your business deserves, together.
* These fields are required.