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Business Cash Advance
 Get up to 3 times your average monthly credit card sales! Deal Requirements 1.Time in Business: •Merchants must be In business for at least 12 months and under the same ownership for that period of time. • Exceptions:•Restaurants -Casual and Fine Dining -with an average ticket over $50 must be in business at least two (2) years. •All types of restaurants in high risk geographies (see slide No. 12) must be in business at least two (2) years. 2.Processing Volume :•Merchants must process a minimum of $3,500 per month of credit card volume. •Merchant must batch out/deposit a minimum of 12 days per month. 3.Time Remaining on the Lease :•Merchants must have at least 9 months remaining on their lease. 4. Bankruptcies :•Merchants must not have open bankruptcies. •Merchants must not have dismissed bankruptcies in the last 12 months. 5.Previous Cash Advance with a Competitor :•For merchants with a pre-existing cash advance, the pay-off balance should be less than 50% of the cash advance they qualify for and less than $20,000. •Any pay-off balance over $20,000 will be reviewed by credit committee. TIER 1 Preferred Merchants in these SIC Codes enjoy the highest approval rate and have proven to be the best suited for cash advance products. 1. Restaurants
3. Motels (privately owned and franchises) 4. Wine & Liquor Stores 5. Gift Shops/Boutiques 6. Shoe Stores 7. Optical Stores 8. Beauty Parlors 9. Health Spas (sophisticated/full service beauty salons) 10. Auto After-Market (except transmission & muffler shops) 11. Jewelry Stores (min. of 3 years in business to qualify) 12. Pet Businesses (Pet Shops, Groomers, Kennels etc)
Restricted Merchant List Additional documentation is required for
Restricted Merchants.
Restricted Merchants
1.Advertising Services 2.Bail Bonds 3.Big Ticket Retail (Electronics and Audio Equipment) 4.Casinos 5.Day Tours 6.Entertainment (Night Clubs, Comedy Clubs, and Dinner Theaters) 7.Flea Markets 8.Health Clubs with Monthly Membership Fees 9.Internet Sales (not on Prohibited List) 10.Nurseries and Garden Centers 11.Online Dating/Memberships 12.Mail Order/Telephone Order (MO/TO) Documentation Requirements for Restricted Merchants 1.Most current tax return (business or personal) 2.12 months processing statements 3.Latest 3 months of bank statements 4.Current financial statement (business or personal) 5.Proof that merchant has been with credit card processor for one year Prohibited Merchant List
Prohibited businesses are not eligible for
funding.
1.Adult entertainment
2.Airlines 3.Annual memberships 4.Antique / Collectibles 5.Appliance stores 6.Appraisal services 7.Auction houses 8.Big ticket rental (e.g., car, boat, RV, and apartment) 9.Billiards 10.Boating / Marinas 11.Consumer counseling 12.Cruise ships 13.Day Care services 14.Direct / Multi level marketing 15.E-Bay sales 16.Event planning 17.Firearms 18.Flooring 19.Furniture indoor/outdoor 20.Furriers 21.Gas Stations / Convenience stores 22.Guard Dog services 23.Hair Replacements 24.Heating Oil 25.Home-Based / Door-to-Door 26.House Remodeling / Improvements 27.Import / Export 28.Insurance 29.Internet Prescription 30.Internet Software Downloads 31.Jewelry stores 32.Kiosks 33.Limousine or Taxi services 34.Mattress stores 35.Moving companies 36.New or used card dealerships 37.Plumbers 38.Pools / Spas 39.Property management / Realty 40.Recreation vehicle and/or campgrounds 41.Roofing 42.Schools 43.Seminars 44.Temp agencies 45.Tile / Carpet 46.Time share advertising / Sales 47.Tractor Trailers 48.Travel agencies 49.Upholstery 50.Warrant companies 51.Weight loss centers 52.Windows 53.Wireless phone / Accessories
High Risk Geographical Areas
1.These metropolitan areas are experiencing
higher than average rates of unemployment,
housing foreclosures, and other negative
economic indicators.
2.Merchants in these areas will be subject to a
more in depth due diligence.
SFC codes are equivalent to the first three digits of the area's zip code.
Contact us regarding this unique program.
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