Rates & Fees
Traditional loans feature fixed interest or APR rates, meaning that the amount you repay is not static, it can grow over time. Our underwriting department works with your small business on an individualized basis and creates a merchant cash advance plan that is dependent on your business strength. This allows us to offer cash amounts that make sense for your needs, with repayment amounts that are fixed and don't go up. When you take out an advance with us you will discuss the terms over the phone with your dedicated representative, and they will never change on you. With a merchant cash advance, what you see is what you get.
Refinancing is available once your first advance in 70% repaid. This grants an enhanced ability for our customers to get additional liquid cash from us and continue on an upward trajectory of business growth.
Our repayment plans are based on flexibility. We are essentially purchasing a percentage of your future earnings by giving you liquid cash up-front, so our plans are optimized for your future success. We collect repayment on the advance as a small percentage of your daily sales. This has the important benefit of protecting your cash flow in the event of a dip in profits. If for any reason we are unable to collect payment, late fees of $29.95 per day will be incurred, which is why it is essential that we verify your information to avoid this.
As with any service or product, failure to repay a merchant cash advance may result in legal action.