What is Merchant Cash Advance?

Merchant Cash AdvanceA merchant or business cash advance is a financial tool for small and medium-sized businesses that need working capital. Merchant cash advances are not loans. Unlike a business loan, merchant cash advances typically do not require a personal guarantee, liens or collateral, do not have a fixed payment schedule, have no absolute obligation to repay (the buyer assumes the risk of non-payment), and no restrictions are placed on use of funds.

The merchant cash advance provider purchases a specific amount of future credit card receivables from the business at a discount and receives a small percentage of the owner’s daily future credit and/or debit card receivables. Each time a sales transaction is made, a percentage of the card receivables is forwarded to the cash advance provider or purchaser until all of the purchased receivables are forwarded to the merchant cash advance provider. Repayment follows the owner’s revenues and is directly related to the success of the owner’s business.

Los Angeles Merchant Cash Advance | First National Processing

Flexible Financing

merchant cash business advanceWe determine the amount of funding you receive based upon your previous Visa and MasterCard sales performance. As a result your business can be approved even if you have bad credit or have been turned down for business loans in the past.

Whatever your business cash needs – cash for expansion, cash for advertising and marketing, cash for an unexpected emergency, 1st National Processing offers a solution that allows you to convert your future Visa and MasterCard transactions into immediate cash.

Benefits

Designed to fit the needs of small and mid-sized businesses, this unique financing program offers a level of flexibility that cannot be found in traditional bank loans:

Flexible Payments

There is no fixed payment schedule. The amount you pay each month is determined by how well your business performs.

No Purchase Restrictions

Unlike traditional lenders, we do not specify how you must use the capital we provide. You spend the money where your business needs it.


1 Comment

Los Angeles Merchant Cash Advance | Business Credit Card Factoring LA CA | 1st National Processing

December 6, 2010 at 10:33 pm

[…] other names, such as business cash advance, merchant funding, merchant account cash advance, or merchant cash advance – provides retail and service business owners with credit card sales, quick and easy access to […]

Our Testimonials

We own a number of rental properties and were not aware of the power of plastic for rent payments. 1st National has helped us reduce our monthly bank NSF fees, speed our payment processing & pass the fees to our renters preferred method of payment. Thank you, 1st National Processing.

David Ebrami
Ebco Realty, Inc.
I have been using 1st National's credit card processing service for over 4 years. They are fabulous. As a Criminal Attorney, I travel a lot and need to help some clients in remote places. Their telephone based (Telepay) and Online Processing tools, give me the flexibility and immediate access I need to operate my practice efficiently. Thank you: 1st National Processing.

Kendric Rollins, Esq.
Rollins Law Group