When the need arises, CapFund Financial can help you secure immediate working capital for your business. You can obtain $10,000 to $2,000,000 in less than one week to be used at your discretion. The merchant cash advance program provides quick and uncomplicated working capital to you – the business owner. You sell a specified amount of your business’ future credit and debit card receivables in exchange for the cash you need.
Once approved, a lump sum of cash is deposited into your business checking account. The collection process is automatically handled by your business’ credit card processor. As each day’s credit and debit card transactions are settled (batched), a specific percentage is forwarded and applied to the remaining Merchant Cash Advance balance.
CapFund Financial is committed to your business’s success and our partnership is the foundation for unlimited growth.
Cash advance programs are designed for business that:
- Have exhausted traditional funding methods
- Need working capital immediately
- Do not have the time or patience to file lengthy paperwork
- Need an alternative to bank funding
Benefits to the Program:
- Sell a specific amount of your business’ future credit/debit card receivables in exchange for cash.
- Easy payback, with fixed payments.
- No Fico requirements.
- Build business credit.
Requirements for Underwriting:
- Funding Application
- 4-6 months of credit card processing statements
- 4-6 months of business bank statements