What is AdvanceMe’s Merchant Cash Advance?

A Merchant Cash Advance is a funding product that creates financial opportunities for business owners. With AdvanceMe’s Merchant Cash Advance, a business sells AdvanceMe a predetermined amount of its future credit card sales in exchange for an immediate lump sum of working capital. AdvanceMe’s collection process is automated through the business' credit card processor, and normally requires less than one year to complete (depending on the business' actual credit card sales volumes).

How Merchant Cash Advances Work

From beginning to end, it’s a simple four–step process:

1. Application:

A Merchant submits a quick online form. A customer service representative contacts the Merchant directly for additional information to complete the qualification process. This may include the verification of a number of simple facts about the business and its operations.

2. Transaction:

Upon qualification, AdvanceMe purchases a predetermined amount of the business' future credit card receivables at a discount in exchange for a lump sum of working capital, which is deposited into the business' bank account.

3. Collection:

The credit card processor automatically sends AdvanceMe a fixed percentage of each day’s credit and debit card sales as and when they are settled (batched).

4. Completion:

Collection stops automatically when the full amount of receivables sold by your business is received by AdvanceMe – usually within 12 months (depending on the business' credit card sales volumes).

Read Merchant Cash Advance Case Studies

• A Restaurant's Merchant Cash Advance Case Study
• A Bed-and-Breakfast's Merchant Cash Advance Case Study
• A Day Spa's Merchant Cash Advance Case Study

AdvanceMe’s simple process and attentive customer service encourages 75% of our eligible clients to return for additional funding.