Get up to $150,000 in cash in as little as 5 days.
- The cash advance is based on your current monthly credit card processing volume
- One page application.
- No collateral required
- No lengthy underwriting process
- No fixed payback amount
Use the cash any way you like: purchase new inventory, pay for repairs or renovations, pay back taxes, whatever you like.
This is not a bank loan, so you are in control!
Although this is not a bank loan, it is a valid cash advance with an expectation of being paid back. The beauty with a cash advance is that the underwriting process is much simpler, and much quicker (just a few days, rather than months).
Furthermore, with our cash advance, you are free to do what you like with the funds. In other words, you don’t have to justify your intended use of the money as a part of the approval process. The only “collateral” we need is proof that you are a valid business with positive, reliable cashflow through your credit card merchant account.
We’re proposing to advance you a significant amount of cash, and we intend to do it quickly. In some cases, we may be advancing as much as $150,000. We need to do some due diligence up front to verify that you are a valid business in good standing with positive cash flow. After all, that is how you pay us back.
We ask for these documents in good faith with the intention of serving you in the most expeditious manner possible. We appreciate your understanding.
Your funding is based on your future credit card sales, and you sell us a fixed dollar amount of those future sales at a discount. Through an automated process, we collect a small, previously agreed upon percentage from your daily credit card sales—and only after the sales are made.
First, you must meet 3 simple prerequisites:
- You must have been in business for at least 1 year
- You must be processing at least $5,000 per month in Visa / MasterCard transactions through your merchant account
- You must have at least 1 full year left on your commercial lease, or own your commercial property outright
Beyond that, the application process is used to verify that you are a business in good standing, that you have verifiable positive cash flow, and that you have the ability to pay back the advance.
Most anything. Most of our customers use the money for business building needs like advertising, adding more seats to their restaurants, or stocking up on seasonal merchandise. Others have used it to buy out a partner or for emergency needs like unforeseen maintenance issues.
So fast your head will spin! The average time from receipt of a contract to funding is usually under 5 business days.
Since this is not a loan, there is no monthly payment schedule. PayProTec Cash Advance purchases a specific amount of your future sales. We get paid only when you get paid; therefore, there is no discount for early payment.
Once a day. We collect from a small percentage of your daily credit card sales.
No. Instead of a monthly statement mailed to you, you simply view your daily and monthly statements online by logging into a private and secure portal.