An Important Commercial Financing Strategy Using Credit Card Receivables: Cash Advances Based on Future Credit Card Sales
Restaurants, bars, service businesses and retail stores will frequently benefit from converting future cash flow into immediate working capital. This commercial financing strategy uses an under-utilized business asset ----- credit card receivables. Cash advances are based upon a merchant's sales volume and will typically vary from $5,000 to $300,000.
How Can a Business Qualify?
One year in business as restaurant, bar, retail or service business
Business accepts credit cards as a form of payment
Ability to document credit card sales of $4000 or more per month for most recent six months
No open tax liens, judgments or bankruptcies
Acceptable personal and business credit (minimum personal credit scores of 500)
If leasing: in good standing with landlord and at least one year remaining on lease
More Details about this Commercial Financing Strategy
No up-front fees or closing costs
Quick funding: Many approvals within 24 hours
No financials required for most situations
No Collateral
No set term to pay off the advance although there is a minimum of 90 days.
No fixed payments: As goods and services are purchased, a small percentage of each credit card sale is collected from one of the processing banks
Easy 2-page application
Contact Information
Stephen Bush
Chief Executive Officer
Phone: (937) 780-4030
bush@aexllc.com
PO Box 353, Leesburg OH 45135-0353 USA
Chief Executive Officer
Phone: (937) 780-4030
bush@aexllc.com
PO Box 353, Leesburg OH 45135-0353 USA
AEX Commercial Financing Group specializes in quick closings for difficult commercial real estate loans from $100,000 to $25 million and business cash advances up to $300,000 throughout the United States.
About AEX Commercial Financing Group
Copyright 1995-2009 AEX Commercial Financing Group and Stephen Bush.
All rights reserved.