Accounts Receivable Factoring

 

Credit Card Receivables Financing

A Restauranteurs Lifesaver

We offer a revolutionary new financing program designed to help you manage your cash needs by providing you with a more responsive alternative to traditional bank lending. Our products offer a new and easy way to finance your business operations. . So if you are remodeling, expanding, buying new equipment, launching an advertising program - whatever your working capital needs, contact us for information about this great product. This is not a bank loan. There are none of the traditional bank hassles. Loans are made in days...not weeks.  Loan payment is based on a percentage of your future credit card sales. Read more to see if you qualify.

How Can I qualify?

You must have been in business for more than 6 months and have at least a minimum of six months of credit card sales, and meet other simple requirements. We may be able to provide funding even if your company does not meet the above requirement if the credit history of the owner warrants such decision. Call us and find out if you qualify.

Why Borrow?

Restaurants need money to operate. One of the leading causes of business failure is cash flow problems. When restaurants attempt to get money from their banks, they are turned down 92% of the time. If you find yourself needing cash quickly to cover short-term needs, this program may be for you. If you have been rejected for a conventional bank loan, this program may be perfect for you. Many of our customers use the money for business-building needs like adding more seats to their restaurants, purchasing more equipment, advertising or stocking up on seasonal merchandise. Others have used it for emergency needs like unforeseen maintenance issues that could hamper or slow down your business. Whatever your needs are, they can be accomplished by this type of financing.

Payment


  Payment is made automatically by withholding from the merchant’s daily credit card batch settlement. Standard withholding percentage is 15% of    VISA/MC sales. If the advance amount is more than 70% of the monthly volume, the withholding percentage will be higher accordingly. 

Financing Cost
A typical cost of the advance is approximately $1,059 for every $10,000 advance over the standard term. In other words, the payback ratio is 1.1059, i.e., you pay back $1.1059 for every $1.00 you borrow. This payback ratio is the lowest in the industry.

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 Account Receivables Factoring | Accounts Receivables Factoring Works For Your Business