Business Cash Advance

Receive cash against future credit card processing. 

With Merchant Cash Advance, you can turn your future credit card sales into cash today! Its that easy; and as a valued Haven Merchant Services merchant, we can offer you capital when you need it.

Business Cash Advance Program:

At some point during their operation, almost every small business needs to get a small business loan or business cash advance to operate smoothly.

Bank loans require a great deal of preparation and paperwork, including a business plan, cash flow projection report, a statement of your personal financial status, your past business tax returns, a credit rating report and numerous other business reports. Even after applying for a business loan, the chances of approval are slim and you may have to wait for a long time to receive the funds (if your business loan is approved).

Fortunately, you can take out all the work and time from the business loan application and put it to your actual business development by applying for a business cash advance, an alternative to a small business loan, with Haven Merchant Services.

We have a perfect business loan alternative for you. Through partnerships, Haven Merchant Services, has a business cash advance program that can provide your business with business cash advance against your future credit card (Visa/MasterCard) sales from your customers.

What is Cash Advance?
Cash Advance is not a loan, it is the sale of your credit card receivables at a discount. As a merchant, you can sell a specific amount of your future credit card sales and receive payment now. You can use your capital to grow, build, and strengthen your business.

Once approved, the upfront capital (purchase amount) is deposited directly into your bank account. Payback of the advance is made through an automated deduction of an agreed upon percentage of your net settled credit card sales until the purchase price is satisfied.

  • There is no "Interest Rate;" instead you agree to payback a predetermined amount.
  • There is no "Term;" instead it's a percentage of your settlement. The payback time varies with how much or how little your business processes.

    Merchant benefits include:

    • Provides those merchants who are ineligible for traditional financing the capital needed to sustain, grow, and develop business.
    • You are not required to put up your home or business as collateral.
    • Payback to the provider ebbs and flows with your processing volume. If volume is down, the amount deducted it less.
    • Funding is available much more quickly and requires a fraction of the paperwork.
    • Payback becomes part of doing business.
    • No upfront fees or closing costs.

    A cash advance is an ideal funding solution for small to medium size businesses who need cash to:

    • Grow business, open new locations
    • Advertise
    • Expand inventory
    • Improve facilities
    • Pay taxes
    • Pay operating expenses
    • Get through a slow period - great for businesses who experience seasonality or cyclicality
    • Meet payroll

    With cash advance, we offer a way to improve the future of your business by accessing cash now. Our Business cash advance program offers the following advantages against typical small business loans:

    • 94% Approval Rate (compared to much smaller approval rate for small business loans)
    • Funds typically available in 10 days or less (Small business loans can take months)
    • From $20,000 Up to $1,000,000 per Tax ID Number  (the amount we can advance you is based on how much monthly Visa/MasterCard sales you do each month).
    • Depending on your business type, we can typically advance you up to 20% - 30% more than your business' monthly processing average.
    • You are free to use the funds however you choose.

    Cash Advance Program Requirements: to be eligible for our Business cash advance program:

    • Have you accepted Visa/MasterCard transactions for at least 6 months?
    • Is your monthly Visa/MasterCard Volume at least $20,000?
    • Are all prior bankruptcies resolved?
    • Do you have at least 9 months remaining on your current retail lease?

    The funds from the business cash advance program is not a loan (not a typical business loan). It is an advance against Visa and MasterCard merchant account receipts.  It is repaid through the merchant account itself.

    To Apply For The Cash Advance Program, Contact Us using our Apply Now form or call one of our Merchant Services Specialists at our toll free number, 1.866.864.2836.

    		•

    Get More Info

    Search Engine friendly shopping cart

    Locations

    Corporate Office
    Haven Merchant Services
    IdeaOverTen, LLC
    3140 Tilghman Street/#128
    Allentown, PA 18104
    866-864-2836 (Toll Free)
    610-437-4340 (Local)
    866-414-6165 (Toll Free Fax)
    eMail Us

    Satellite offices
    Stroudsburg, PA
    (Poconos)
    New York, NY
    Stony Brook, NY
    (Long Island)
    Toms River, NJ
    Groton, CT
    Toledo, Ohio
    Los Angeles, CA
    Site Powered By IdeaOverTen

    IdeaOverTen, LLC is a registered representative of Cynergydata, LLC, a Registered ISO|MSP of Wells Fargo, N.A.

    Complete Site Directory