Frequently Asked Questions

The following are Frequently Asked Questions about AdvanceMe and our unique Merchant Cash Advance:

What businesses generally qualify for this kind of funding?

AdvanceMe specializes in funding small to mid-sized businesses. We have also successfully funded over 100 of the top franchise concepts, and helped other businesses commonly rejected by traditional financial institutions.

How does my business apply for the AdvanceMe funding program?

Fill out our online application form and get the process started immediately. You must have owned the business for a minimum of one year, be able to provide proof of ownership, process at least $5,000 in credit card sales per month, and meet a few other simple requirements. You can always call toll-free 1-800-927-1613 to speak with a sales representative for more detailed information.

Will AdvanceMe have to review my personal credit?

Yes, but this information does not carry as much weight as it does in other financial arrangements. It is important to remember that, with AdvanceMe’s Merchant Cash Advance, a business owner's poor or damaged personal credit history is not an automatic disqualifier for the business. Many businesses that have trouble obtaining capital from banks can qualify and enjoy continuing success with AdvanceMe’s Merchant Cash Advance.

How soon can my business get the money?

This all depends on you. If you are able to provide the requested information promptly, AdvanceMe is usually able to provide funding to merchants within 3-5 business days.

What can my business use the money for?

Essentially, you can use the money for most anything your business needs. Many businesses will renovate or add physical improvements to their establishments, many will buy additional inventory or handle payroll issues, and many use the money to take advantage of a timely opportunity. We let each business decide how it is best served.

Will you take 100% of my business' daily credit card sales?

No. AdvanceMe takes only the agreed-upon percentage of your business' credit and debit card sales. The actual percentage is clearly stated on your AdvanceMe contract.

When my business' obligation to AdvanceMe is satisfied, do you stop taking a percentage of its credit card sales?

Absolutely. Upon completing its obligations to AdvanceMe, your business will automatically begin to receive 100% of its credit and debit card sales.

How often does AdvanceMe receive payments?

The agreed-upon percentage of credit and debit card sales is electronically remitted to AdvanceMe automatically on each day that your business' processor settles its credit and debit card receipts (when they are batched).

With my business' original agreement with AdvanceMe satisfied, can it receive additional funding?

Certainly. In fact, since it is so easy to do and so beneficial to their business efforts, 75% of eligible AdvanceMe customers return to take advantage of additional funding opportunities.

How can I check on my account status?

AdvanceMe has dedicated customer support ready to help you answer any question. You can always call toll-free at: 1-800-927-1613

Call Today: 1-800-930-6258

Email:dsanders@advanceme.com