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How a Merchant Cash Advance WorksHow does it work?We purchase a percentage your future Visa and Mastercard credit card receipts and advance you the cash now. How much can I get?$5,000 to $250,000 per incorporated location but we will need 4 months of recent credit card processing Statements to tell you exactly what you may you qualify for. Fax your statements to 1-800-439-1860. How do I pay the money back?We take a set percentage daily from your Visa/MasterCard sales, that way we work with your business to help with cash flow. (No fixed payments and no set time period). You keep all of your cash business, your checks, American Express, Diners Club, and Discover Card volume. How do I qualify?If you accept credit cards you may qualify for a cash advance today! No collateral required and no traditional personal guarantees. NO set payback time period or NO set monthly payment amount. It doesn't matter if you don't have a great credit score, since we do not report to any credit agencies. When will I find out?After you submit the online enrollment form, one of our professional representative's will contact you either by phone or email within the next 24 hours. When do I get the money?Typically funding takes place within 72 hours after approval. The funds are directly deposited into your business checking account. Can I get a deal like a bank?Fast Merchant Advance is not a bank. This is not a loan. We provide working capital for businesses who aren’t willing or able to use conventional channels for funding. Do I have to change credit card processors to be on this program?If your current processor is not already certified on this program you will need to switch your merchant services to Processing Solutions. OUR PROMISE: We will either beat your current rates and save you money on your credit card processing charges or meet your current rates and give a $100 Visa Gift Card because we couldn't beat them! How do I get started?See if our plan is right for you and your business. Fill out our online application and an experienced representative from Fast Merchant Advance will contact you to discuss your options. Disclaimer: We provide working capital for Day Spa's and Spa related businesses who aren't willing or able to use conventional channels for funding. This is a cash advance and not a traditional loan. We are investing in your business. |