Merchant Cash Advance


Merchant Cash Advance is a lump sum payment to a business in exchange for an agreed upon percentage of future credit card and/or debit card profits. The way this works is we provide funds to businesses in exchange for a percentage of the businesses daily credit card income. This percentage is taken directly from the processor that clears and settles the credit card payment. A company’s remittances are drawn from customers’ debit- and credit-card purchases on a daily basis until the advance has been met. Merchant cash advances are not loans – they are a sale of a portion of future credit and/or debit card sales.

There are generally three different repayment methods for the business:

  • Split Withholding, or Split Funding: When the credit card processing company automatically splits the credit card sales between the business and the finance company per the agreed portion (generally 10% to 22%). This is generally the most common and preferred method of collecting funds for both the clients and finance companies since it is seamless.
  • Lock Box or Trust Bank Account Withholding: All of the business’s credit card sales are deposited into bank account controlled by the finance company and then the agreed upon portion is forwarded onto the business via ACH, EFT or wire. This is the least preferred method since it results in a one-day delay in the business receiving the proceeds of their credit card sales.
  • ACH Withholding: When the finance company receives the credit card processing information and deducts its portion directly from the business’s checking account via ACH.

Who do we fund?

-Liquor Store
-Retail Store

Will fund High RISK Merchants Also:

-Home Businesses
-Sole Proprietorships
-Bails Bondsman
-Computer Hardware Sale, Service and Repair
-Escort Service & Adult Entertainment
-Internet Business
-Modeling & Talent Agencies
-Moving Companies
-Private Investigators
-Security Companies

Underwriting Guidelines:

-Monthly Deposits of at least $5,000 (California $7,000).
-Must be in business 3 months (case by case 2 months).

Why Elite Factoring?

-Unsecured – No Collateral
-No Processing Required
-All Business Industries
-High Risk Welcome
-Fast Approvals
-No Hassle Funding

Contact Us Today For More Information To Get Started!!