QUALIFICATIONS

Merchant Cash Advance

Collateral Required: Equipment valued at least $35,000 or greater

Approval Amounts: Up to $5 million

Term: Variable

Rates: 6.25% – 25%

Credit Requirements: Personal credit score 500+

To Use For Purchase:

  • Time in business – 2 years or greater

  • $10,000 or higher deposited monthly in your business bank account

  • Some financial services industries are prohibited

To Use For Collateral:

  • Time in business – 2 years or greater

  • Equipment purchased within 30-45 days via cash or credit card with invoice that shows that Equipment could have been purchased via equipment vendor

Deal Submission Requirements: Equipment invoice, Business bank statements with 6 months revenue to support equipment payment

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