With the decline in the current economy and expenses always rising, Cash Flow Plus would like to let merchants know that there are ways to obtain funds for your business to help you when you need that extra cash on hand.
Merchants using credit card processing systems can borrow as much as 125% of their average credit card sales for a 6-month period. For example, if your business processes $10,000 in credit card sales per month, you can borrow as much as $12,500 to reinvest in your business or take care of other high-cost loans on your books. The loan is paid back by taking 25% of batches and is generally paid off in 6 months or less.
The benefits to borrowing against your credit card sales are several: you get access to immediate cash, as most loan checks are issued within 10 business days of application; there is no personal guaranty required; and exactly 25% of your credit card sales are collected as payback until the loan is paid off, whether you have high or low credit card volumes each month.
Contact us for more information!