What is a BUSINESS CASH ADVANCE?
A Business Cash Advance provides small business owners with the
ability to raise needed capital. We advance money by purchasing a
pre-determined amount of the business's sales volume sold through
a credit card merchant account.

How long will I have to wait to find out if the Business Cash
Advance has been approved?
Approval is usually obtained within 24 hours once required
documents are sent to underwriting. Funding usually takes 1-3
weeks, from the date an application is submitted.

How much can a business qualify for?
Businesses can qualify for $3,000 to $300,000.

How does BFS determine the size of the Business Cash
Advance?
The amount of receipts purchased is determined by the average
credit card volume over a 180 day period. We encourage
submission of any documentation, (bank statements, sales tax
receipts) that supports total sales volume in order to be approved
for the highest amount possible. We will approve your business the
largest amount based upon the documentation provided.
How does a business repay the Business Cash Advance?
BFS collects a small percentage of each credit card transaction
through a preferred processing bank.

Does the business receive the same low rates as their
existing credit card processing account?
Yes, we will match current processing rates and in some cases "Lower" current rates.

How do you know if a business will qualify?
Restaurant, Retail or Service Business
At least 1-year in business
Accepts credit cards as a form of payment
Provide processing statements for the previous 6-months of at
least $4,000 per month in credit card sales, $2,500 franchises
Provide 6-months of bank statements with consistent balances for
higher approval amounts
Acceptable personal and business credit (may have as low as 500
personal credit)
Has no open tax liens, judgments or bankruptcies
Is in good standing with landlord with at least one year remaining
on their lease
Special funding programs are available for newer businesses and
internet businesses. Call for information.

The Fee?
The fee can range from 1.25 to 1.45 and is based upon:
underwriting guidelines, length of time in business, length of lease,
monthly credit card volume, average monthly sales volume and
past business history.

What are the other benefits?
The program is simple!
Funding can occur in as little as 10-days
Easy payback terms and conditions
Can include all fees in cost of goods
Available funding for opportunistic buys
Tax deductible
Improves cash flow
Builds business credit
Increases open to buy for retailers
No need to markdown inventory to raise cash for new inventory
May receive additional funding for other purposes upon requests

480-626-0245

info@phoenixmoneylady.com