A Business Cash Advance is not a loan, but rather the purchase of future credit card receivables. It is a factoring offshoot that enables small business owners to turn future income into cash-in-hand today.
For example our firm may purchase $12,800 worth of your income yet to be generated for the price of $10,000. In order to recoup our purchase, we determine a set fixed percentage to withhold from each each credit card transaction you generate. The percentage withheld is not the same for everyone, nor is the cost of funds.
The amount of capital you request relative to your average monthly credit card processing volume is a major factor in the options presented to you. We don't believe in a one-size-fits all model because we realize the cash flow need of every business is different.
There are several unique benefits to a Business Cash Advance with N.Y.C.M.S.
- Minimal credit score requirements (Only need a FICO score of 500)
- No Financial statements necessary
- No collateral
- Fast approval process
- Minimal paperwork
In this economy, Business Cash Advances are a means for business owners to reach their goals. At our firm, we employ experts with specialized experience in the Business Cash Advance field. We work diligently to find you the largest amount of capital and at the lowest cost. Contact us today to find out what options are available to you.
