How It Works

HOW IT WORKS

Merchant Cash Advance Knowledge Base

Who can answer my questions, or help me start the funding process?

Fill out our quick form or call us at 1.855.214.2143 and one of our representatives will be happy to assist you.

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I already have a cash advance with another company, can I still qualify for additional merchant cash advances?

Yes, it is possible. We can pay off your current cash advance and give you the remainder of your available funded amount.

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Is there any prepayment penalty for paying back the advance early?

No, there is no penalty for early payoff. You can repay anytime you wish.

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How quickly can I get the money?

Once approved, you will receive the funded amount within a few hours.

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How much can I qualify for?

We will look at your total sales for the last 4 months and make a determination that is generally between 50% and 150% of your average monthly sales.

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How long will it take to find out if I am approved?

Once the application and documentation are received, an approval notice typically takes approximately 24-72 hours.

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Why do you perform a credit check?

We only do a soft credit pull so you can find out what loan products and rates your business will qualify for before we have to do any hard credit pulls. A soft credit pull doesn’t affect your credit, but gives us enough information to provide you with relevant options.

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Can I qualify if I have bad credit?

We look more at your revenue forecast than your credit score. We can work with most businesses as long as you have a credit score of 550+.

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How much do you charge? What are your fees?

We don’t charge anything until and unless you get funded. You’re welcome to use our online application or call us at 1.855.214.2143 to learn about your options.

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How much will the money cost?

The cost depends entirely on the terms and rates you qualify for.

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Do I need a business plan to obtain working capital?

No business plan is required to obtain merchant cash advance financing. This is one of the many advantages of our programs over a traditional lender.

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How can I use the money?

You are free to use the money as you choose, Funding Source Capital LLC will not be monitor how you spend the cash we get you. Our funding policies do not include a section for money usage purposes.

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How do I apply?

Applying is easy. Click here.

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How can I qualify?

Our requirements are:

  • Be in business for a minimum of 6 months.
  • Deposit on an average $15,000 monthly into your business checking account.
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    What is a Merchant Cash Advance?

    A merchant cash advance is a fast, easy way to get the cash you need to grow your business. The funding is based on the regular monthly deposits into your business checking account. The bigger the deposits, the more available cash you can access.

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