Merchant Cash Advance

As a service to our customers, Merchants First offers AdvanceMe to provide cash advances. AdvanceMe can get you a quick cash advance for your business, or even some capital for a renovation or new equipment. This option provides alternative funding for small and mid-sized businesses that may find it difficult to get quick funding from banks or leasing companies.

AdvanceMe provides capital by purchasing fixed dollar amounts of your future credit card sales at a discount through a lump sum cash payment. We’ve helped many types of merchants like restaurants, service-related businesses, retail stores and more. Merchants have no bank hassles, no personal collateral is required and funding can be deposited in 5-10 business days. Additionally, there is not one large check to write and the funding may be used for any business-related purpose.

Benefits of using AdvanceMe for Quick Merchant’s Cash Advances

Merchants enjoy the benefits of our cash advance service.

Working capital in as quick as 5-10 business days
Easier Approval Process than banks and leasing agencies
Simple Paperwork process
Pre-Qualification process
Limited Financial Review
No Personal Collateral Required
No Application or Closing Costs

How Merchant’s Cash Advance through AdvanceMe Can Help

Some merchants see only drawbacks to cash advance services. However, cash advances to businesses are common and can be very beneficial if you need quick, hassle-free funding for business purposes.

The money is too expensive!

Some may feel the cash advance comes as a hefty price. However, the cost is actually between 3% and 8% of your gross sale. It's like giving 3-8% of your customers a 25% discount. So, what is really bought are future sales in bulk at a 25% discount. Plus, ownership of your inventory is not at risk.

I can get the money from the bank.

Some merchants may have the ability to get money from the bank. This option may be the best for businesses that have the time to wait for a cash advanced. It’s important to consider:

What asset will you pledge as collateral?
Is your FICO "personal credit" score greater than 625?
How soon do you need the money?

Banks generally take anywhere from 45 to 90 days to get a merchant additional funding. You need funds quicker, you’re able to advance $10,000, $20,000 or up to $100,000 from us while you’re waiting for the bank to approve your loan. Remember that the bank will require the following things that we DO NOT:

Two to three years of tax returns
A list of collateral & a business plan
Perfect credit
Charge you credit application fees and points
The bank’s loan will tie up your credit