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Biz Cash Advance Intro

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Why is it a cash advance and not a loan?

Banks make loans and their processes are regulated by the federal government. We are a financial service that offers businesses cash advances for working capital. Our process is based upon a traditional financial technique known as factoring, which focuses on business receivables. What makes Discount Credit Card Machine so unique is that our emphasis is on your future credit card transaction receivables. To do this, we partner with a merchant services provider to make the whole procedure more effective and essentially seamless. As your business goes, so goes your repayment, because there is no set repayment schedule. Because the entire process is handled electronically and is coordinated with your credit card transactions, your loan is repaid with no major impact upon your business. Plus, you have cash in your hands within 7-10 days after approval affording you the opportunity to make immediate purchases or enhancements that will result in business and profit increases

 

Conventional Loan

Cash Advance

Detailed Financial Statements for 2-3 years

Financial statements not required

Audited Tax Returns for 2-3 years

Audited Tax Returns not required

Must be in business for a minimum of 2-3 years

Must be in business 9 months or less*

Personal Guarantees of all owners

Guarantee against fraud or intervention**

Lengthily Approval Process

48 hours for approval

Costly Application Fees

No application fees

High Credit Scores Required

Proprietary Scoring system does not require high credit scores

Costly Closing Cost

Only your future credit card sales

Collateral of all business Assets

2 pages basic application and copy of last four months credit card processing statements.

Complicated Application

Repayment based only on current sales.