Merchant Cash Advance FAQs

Frequently Asked Questions (FAQ’s) and Answers about
Merchant Cash Advance, Consumer Receivables Financing, & Loan Servicing…

Please click on the question below to obtain the specific answer.

Merchant Cash Advance:

  1. What is merchant cash advance?
  2. Are all businesses eligible for merchant cash advance?
  3. What is the interest rate?
  4. How much advance can I get?
  5. How long do I have to pay back the advance?
  6. Do you have use of fund restrictions?
  7. How quickly can I get the money?
  8. Can I pre-pay or pay –off early?
  9. Is there an application fee?
  10. Will you check my personal credit?
  11. Will I be required to switch payment processor?
  12. How can I qualify?

Consumer Receivables & Retail Installment (Contracts) Funding:

  1. What is consumer receivable funding?
  2. How does consumer receivable funding work?
  3. Do you have a minimum and maximum volume requirement?
  4. Will you finance all credit types?
  5. How much will you advance, discount, hold in reserve, and charge on each purchased account?
  6. What are your shortest and longest term contracts?
  7. Do you retain a reserve?
  8. When are reserves withholdings released?
  9. Will you work with me if I’m already working with other lenders?
  10. Will you support online application and approval process?
  11. How long will it take to receive a decision on an application?
  12. How can I get started?
  13. What is the process and how long will it take to approve my account?

Loan Servicing:

  1. What is loan servicing?
  2. How does your loan servicing program work?
  3. Do you have a minimum servicing volume requirement?

Got any more questions, concerns, or comments?

We’ll love to hear from you and be glad to address them. For a simple description of Merchant Funding, Cash Advance & Consumer Receivables and how they work go to the Merchant Cash Advance page, and for definition and terms, please see glossary. Thank you.

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