Overview How does it work? Common Questions Do you qualify? Why choose us?

"My experience with Merchant Advisors has been great. The customer service is spot on and very nice. I would recommend Merchant Advisors in a heartbeat."

Denise
Divine Leather
Galesburg, MI

 

To Qualify for a Small Business Cash Advance:

  • Your business accepts Visa and MasterCard
  • You process a minimum of $1500 per month in Visa and/or MasterCard receipts
  • You’ve been in your current business at least 1 year.
  • You can provide statements for the last 3 months credit card processing activity.
  • You are not a start up merchant.

We realize that no two businesses are alike.  One of the benefits of working with Merchant Advisors is our flexibility and our creative approach to come up with a funding solution that’s right for you.  If you have a unique situation that doesn’t seem to fit our standard qualifying criteria above, don’t worry.  We’ll look for ways to help you get the funds your business needs.  Read on and see if any of the circumstances below are closer to your present situation.  As always, you can call our office to speak to a funding Advisor with absolutely no obligation.  We understand.  We care.

Some Common Qualifying Questions you may have:

I’m a start up business. Can I get a cash advance?
No.   Cash advances are only offered to businesses at least 1 year old and that currently accept credit cards.  Go to your local bank and see if they can assist with an asset back loan through the SBA.  You’ll need a business plan.
I’m buying a business.  Can I use the existing business credit card history to get an advance?
Yes. The approval requirement is that you’ve worked in that business for at least one year and the current owner you’re buying the business from can verify your management experience.
I’ve been in my current business for less than 1 year.  Do I still qualify for a cash advance?
Yes.  We require that you have at least 1 year management experience in that same business type/industry.  You’ll need to provide a owner reference from that previous business that can validate your experience.

I don’t accept credit cards.  All my business comes from cash and checks.  Do I qualify?
 Many times, we can offer a cash advance or our business loan solution for merchants in this situation.  We’ll need to verify you cash/check sales by getting the last 6-12 months bank statements. This will show us your deposit history and will give us a better idea of how much you qualify for.

I do accept credit cards however the majority of my sales come from cash/checks.  Do I qualify?
Yes however the amount you qualify for may be different than merchants whose credit card transactions make up a bigger portion of their sales.  In this circumstance, we have several solutions that we’ll review with you in order to get you the maximum dollars needed.  Contact an Advisor for a no obligation review.

If you have a unique situation and you don’t see the answer please call to speak with a seasoned Advisor who can help. Don’t go it alone. Call Merchant Advisors today.  We truly are America’s Small Business Funding Experts.
Does My Bank Offer Merchant Cash Advances?
No.  Banks do not view your future credit card receipts as an asset.  We do.