Merchant Retailer / Line OF Credit
Merchant and Retailer Line of Credit
Chef standing in dining area of restaurant and hand sliding credit card through machine
What is a Merchant and Retailer Line of Credit?
It's a program that allows our clients the ability to borrow against their future monthly credit transactions (Visa, MasterCard, American Express, Discover, etc.).
Use the money however you see fit, whether it be for inventory, expansion, advertising and more!
Terms (length) of financing:
9 months (i.e. if the company borrows $9,000, then over 9 months the $9,000 will be paid back in 9 months)
Approval time: 2 business days
How long for funding? 7-10 business days
Preliminary documents needed: Three months bank statements and three months merchant card processing statements
Percentage of Amount Advanced: 80% of the average of the last three months
Minimum Line Amount: $10,000
Maximum Line Amount: $500,000
Credit Score Requirement: N/A (based solely on credit card transaction volume)
Does this product need a personal guarantee? No
What is the biggest advantage of this program? Our clients are not required to use 100% of the proceeds from the line of credit all at once. You will ONLY pay for the amount that you borrow at the TIME that you borrow.
Key Industries: Retail and clothing stores, Restaurants, Dry cleaners, Convenient stores, Doctors, Contractors, Auto Repair.
Get on track today to provide your business the cash it needs to grow and operate.
I Am DIRECT