How a Cash Advance Works
The unique program we offer business
owners like you where we provide immediate working
capital in the form of a cash advance. The great thing
about our product is that unlike a bank...
- There are no personal guarantees required.
- No liens on your home or business.
- No fixed payments.
- It doesn’t show on your credit report.
- And we can get you the cash in as little as 5-7 business days.
- And you never have to guarantee a minimum monthly payment!!!
The way it works is really unique. We
give you a cash advance based on your Visa/MasterCard
Business and the way you pay us back is through a small
percentage of your future Visa / MasterCard
transactions. There is no interest rate on our
product. It’s an advance, not a loan. We charge a
one-time flat fee.
Here’s how it works: let’s say
hypothetically we gave you $10,000 and we were taking
15% of your credit card transactions. If a customer
came into your store and swiped their card for $100,
then in this case, 15% or $15 would come to the lender
and go towards your remaining balance. The rest
($85) goes to you. You keep 100% of all cash and
check sales and only repay through a percentage of
credit card sales.
This just keeps on going until your
account is settled.
The great thing about this arrangement
is that we only get paid when you make a credit card
sale. So if you have a slow month, an emergency or some
unexpected event, you don’t have to worry, because your
balance never gets higher. Since we charge a one time
fee up front and we don’t have an accruing interest
rate, you’re not penalized for taking longer to pay
back. For example, if we you owed us $10,000 on our 6
month plan and for some reason it took you 16 months to
repay, you’re still only paying $10,000. Our product is
truly intended to be a business friendly working capital
tool that will work with your business.
The great thing about EZ Business
Capital is that there are no fixed payments. We
simply receive an agreed upon percentage of your
Visa/MasterCard sales until the advance has been paid.
If for example that percentage is 15% and your customer
makes a $100 purchase with their V/MC, we get $15.00
from that sale. This simple process is repeated
until the balance is paid… usually within 6 to 8 months.
|