Phone: (732) 795-9980
Below are our detailed answers to the most frequently asked questions regarding our Merchant Cash Advances.
Please reach us at contact@staffordbusinessfunding.com or call (732) 795-9980 if you cannot find an answer to your question.
Virtually any type of legal business can qualify for a Merchant Cash Advance. Contact one of our Advisors to find out more.
Once approved, funds can be deposited within same day (during normal business hours).
A Merchant Cash Advance does not have an interest rate since it is a special type of funding that is an advance against future sales. The "factor rate" of a Merchant Cash Advance varies with each type of business and the amounts and frequencies of receivables, for example.
Unlike many other types of business or capital funding, our Merchant Cash Advance has no restrictions on how you or your business can use your funds.
Primarily, we look for consistent revenue with monthly receipts at a minimum of $7,500, and a minimum of 6 months in business.
Yes, you may qualify for a Merchant Cash Advance even if you have a low credit score since it's mostly based on your business' cash flow/receivables and other business factors.
Disclaimer: Approval is not guaranteed and is dependent on several business factors. Approvals are based on the Underwriter's review and analysis. The Underwriter's decisions are final.
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