What is Credit Card Factoring? Credit card factoring is when a small business gets a fast cash advance based on past credit card sales history. The loans are paid by way of a percentage of future sales, eliminating the need for a fixed monthly payment. Instead of being based on your credit history, it is based on the sales your business has been doing in the past 4 months.
Pay at your convenience Instead of having fixed monthly payments, you will be able to pay little by little, as you can. In order to repay the advance, small debits will be automatically deducted from a collection of credit card transactions. You don't even have to change your payment services provider.
Credit Card Factoring is Easy, here’s how. When people hear how accommodating this process is to the average business owner, the first thought that comes to mind is most likely that that it must be a rigorous ordeal to be approved.
Surprisingly, it is not hard at all! All you have to do is fill in the form on this page with details about your business and your credit card sales. Our lending partners will be able to pre-qualify you for a loan within 24 hours and you will then receive the approved cash advance within 10 days or less!
Does my credit score effect my loan amount? No, there are no credit checks involved in obtaining a business cash advance loan with credit card factoring. Even if you have a low credit rating or have been denied by other lenders in the past, chances are that you will find our lending partners to give you one of these fast cash advances very quickly. Afterall, over 83% of applicants get approved within 24 hours for this loan
It is quick, simple, and convenient... There are so many benefits to choosing credit card factoring over other options. This is a hassle free process! You will be told whether you are approved or not almost instantly.
It is a stress free loan because there is no lien on your property or stocks in business. You do not have to worry that anything will be taken away from you if your business sees rough times. Rather, a credit card factoring loan helps you in rough times because your repayment is always based on your sales amount. If your business sees a lean phase, your repayments reflect that too.
The offer of credit card factoring guarantees peace of mind since the money is being deducted from sales you make and that the company will not get paid unless you do. You do not have to worry about not being able to pay back your debt. Everything is automated for your convenience. You will not have to worry about living on a shoestring and sending checks or coupons out every single month. This is one of the most important aspect of any cash advance loan!
No upfront fees with a credit card factoring loan You really have nothing to lose in this process. There are no upfront or hidden fees, this will not impair your ability to be financed in the future, and there are no business restrictions upfront with your funding. Who couldn’t use some extra cash in order to buy more inventory for your business, or even some newer computers or office furniture? Everyone needs monetary assistance sometimes; make getting it as easy and fast as possible.
Getting an approval is easy, just fill in the details on this page, and a financial representative will be in touch with you to help you through the process. There are no costs or obligations for a free quote.