A merchant cash advance, also known as a business cash advance, is financing based on your future credit card receivables. This type of merchant financing is repaid on a daily basis as a percentage of your credit card sales. Therefore, if your sales are high, your advance is paid off faster and if sales are lower, your payment is lower.
The Cash Advance Program
With no fixed payments and no fixed time frame, we take the hassle out of acquiring the money you need to grow your business. The cash advance is available to merchants processing with Bryte Carolina or new merchants coming on board.
With our Cash Advance Program, there’s NO need or reason to:
Apply for complicated business loans
Cross your fingers on a credit check
Put up a cent of personal collateral
Or, change the operation of your terminal equipment
How You Qualify
You’ll qualify for an advance on your future credit card sales if you:
- Currently Accept and Process over $5,000 per month
Are current with your rent/mortgage payments
Have at least 6 months left on your lease or own your building
Are free from bankruptcies in the past year
Your business’ unresolved liens don’t exceed 200