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As many businesses strive to succeed, a lack of resources can often hinder growth and expansion. With the Merchant Warehouse Cash Advance Program, merchants can borrow against future credit card sales so funds are available within days!
Here’s How It Works:
- Merchants who process with Merchant Warehouse are eligible for a cash advance for an up-front, unsecured advance of money.
- Merchants request the amount needed, review and complete the application.
- Based on the merchant’s average Visa® and MasterCard® monthly volume, we establish the maximum allowable balance.
- Upon approval of the cash advance, funds are available almost immediately, and we simply deduct a pre-determined percentage of the merchant’s daily Visa and MasterCard sales until the funds have been reimbursed. (The average advance amount is $20,000 and the average payback time is approximately 6 months.)
Benefits of the Cash Advance Program for Our Partners:
- For each referred merchant who gets approved for a cash advance, the referring partner receives a commission of 4% of the cash advance amount! Now that’s fast cash!
Benefits of the Cash Advance Program for Merchants:
- Unsecured advance avoids the requirement for a personal guarantor on the loan
- No monthly payment schedule or penalty for an extended payback period
- No fees or finance charges
- No company financials or tax returns required
- The cash advance is available in a matter of a few days
- The loan does not show up on the borrower’s credit report
Pre-Requisites for Merchant Eligibility:
- The business must be established and operating for a minimum of 13 months
- The merchant must be a Merchant Warehouse account customer - There are no costs to switch, and we can meet or beat anyone’s current costs!
- The merchant must provide 6 months of the most current previous processing statements
- The merchant must provide trade references
To learn more about what our Cash Advance Program can offer you, please call
(800) 498-0823 or email us at referrals@merchantwarehouse.com.
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