Merchant Cash Advance
Need Cash For Your Business?
Northwest Processing Solution provides the cash flow you need with the merchant cash advance program. Get the money you need to grow your business, repay it out of that growth. It‘s that simple.
Can a business cash advance fund my needs?
You are free to use funding from your cash advances for anything you desire. A merchant cash advance can be used for advertising, expansion, renovations, payroll, equipment purchases, inventory purchases, general business cash flow, or anything business related.
How do business cash advances differ from business loans?
Bank loans are complex, difficult, and drawn-out. Applying for a business cash advance takes literally minutes. Approval is typically done within five to seven days.
Business cash advances are based on your business’ future credit card transactions. Unlike traditional loan programs, a cash advance is totally unsecured (does not require collateral or a personal guarantee). The merchant cash advance is based on future credit card receivables. A good credit score is not required for approval.
- No application fee
- No closing costs
- No fixed payments
- No equity loss
What type of business/merchant is eligible for the cash advance program?
Any business that physically processes a minimum of $2500 per month in credit card transactions, and is not a home-based business, can be approved for a merchant cash advance. Four months of the merchant’s processing statements must be available for review to determine the funded amount. At least three trade references must also be provided.
How is a business cash advance repaid?
Repayment of a business cash advance is simple and easy to manage! You repay it with a small, fixed percentage of your daily credit card transactions. Automated and flexible payments make using a business cash advance simple and easy. Because advances are based on future credit card sales, your business pays back its advance based on sales volume. Repayment amounts are suited to your ability as a business to make those payments. When receivables are slow, payment amounts are less.
For further information you can reach us at info@NWPSolution.com or 866.649.8540. An experienced Sales Representative will contact you within one business day.