Get Access to Needed Capital to grow your business
National Bankcard's Business Cash Advance program gives businesses instant access to much needed capital by purchasing a small percentage of their future credit card sales processed through a merchant account. Learn how your business can qualify to receive anywhere from $3000 up to $300,000 in needed capital based on your current credit card turnover. Unlike a small business loan, a Business Cash Advance has no upfront fees, closing costs or loss of equity and is much easier to apply for than a traditional bank loan or credit line.
What are Business Cash Advance Program benefits?
- Funding can occur in as little as 10 days
- Easy payback terms and conditions
- Can include all fees in cost of goods
- Available funding for opportunistic buys
- Tax deductible
- Improves cash flow
- Builds business credit
- Does not affect a business' d debit-to-income ratio
- Increases opportunities to buy for retailers
- No need to markdown inventory to raise cash for new inventory
- May receive additional funding for other purposes upon requests
- No set term
What are the requirements for a business to qualify?
- Restaurant, Retail or Service Business
- At least 1-year in business
- Accepts credit cards as a form of payment
- Provide processing statements for the previous 6-months of at least $4,000 per month in credit card sales, $2,500 franchises
- Provide 2-months of bank statements with consistent balances for higher approval amounts
- Acceptable personal and business credit (may have as low as 500 personal credit)
- Has no open tax liens, judgments or bankruptcies
- Is in good standing with landlord with at least one year remaining on their lease
To learn more about the Business Cash Advance program simply click the button below or speak to one of our knowledgeable sales representative by calling 800-991-2291.
