WHY Choose Us
- Fast 48 Hour Approval
- No Application Fees
- No Closing Costs!
- No Hidden Fees!
- Obtain Cash Quickly!
PayPoint Merchant Account Services promises to help small business owners and merchants establish credit card processing at very reasonable rates. We can also help merchants obtain the business funding needed to grow or maintain their business as quickly as possible with the highest level of service and ethics, with a Business Cash Advance.
Business Cash Advance - Small Business Financing Option
Increase Business Cash Flow Now Without Collateral or Headaches.
Many business owners know the difficulty of obtaining secured or unsecured small business loans from conventional lenders offering business financing. The process is long and difficult with qualifying criteria being more restrictive than most business owners can meet. While secured business loans are actually more difficult to obtain, unsecured business loans still require stringent credit checks and a strict monthly repayment schedule. This directly affects your monthly business cash flow and growth potential.
A Business Cash Advance is a much better way to obtain small business funding and create additional business cash flow, even with a relatively low credit score. This form of business financing does not require collateral and can be obtained within days of applying. Rather than a fixed monthly payment, the business cash advance is repaid automatically through Visa®, MasterCard®, American Express® and Discover® sales, and follows your business cash flow, rather than impeding it. Effectively, you are borrowing against future credit card processing receipts through your merchant account services provider. There is never any loss of equity or collateral security required.
How Does a Business Cash Advance Work?
- Has no application fees or closing costs.
- It is NOT a loan. No collateral is needed!
- You sell future credit card sales to us...
- Funds are repaid thru your future credit
card processing sales - automatically!
The simplest way to explain our business funding program is that you can convert future credit card processing sales into CASH, today! This is done by selling us a certain amount of your future credit card processing sales at a discount. Once your business cash advance has been approved, you will establish a merchant services account with PayPoint Merchant Account Services. The funds will be repaid by the ongoing credit card sales processed through this account. As credit card processing receipts settle, a fixed percentage of Visa®, MasterCard®, American Express® and Discover®, sales is deducted and used to repay the business cash advance. Other payments received through cash or other cards remain yours and are deposited into your business account as usual. The percentage of future sales used to repay the cash advance correlates to the discounted cost you have sold them for. The amount repaid each month is determined strictly by your Visa®, MasterCard®, American Express® and Discover® sales volume, and will not affect your business cash flow.
Advantages of a Business Cash Advance
The most desirable feature of our business funding program is that the small business owner can obtain cash quickly. There is no need to use your personal credit or collateral and you will never experience any loss of business equity. Payments are made automatically when the merchant has a Visa®, Master Card®, American Express® or Discover® sale, and you are free to use the money for any business purpose you see fit. Repayment of your business cash advance follows your revenue trend and your cash sales are never used for repayment. This assures steady repayment of the business cash advance with no interruption to your business cash flow.
The Best Alternative to Traditional Small Business Loans
If you have pursued small business funding through traditional business loans, you probably know how difficult they can be to obtain. The qualifying criteria is stringent, requiring both an excellent credit rating and years of confirmed profitable business operations. You will also need to provide financial statements, audited tax returns, a business plan, and a personal guarantee or collateral to the bank providing the business financing. Also, a secured small business loan is structured where you must make fixed monthly payments regardless of your varying business cash flow.
As an alternative to secured and unsecured business loans, a Business Cash Advance provider would approve money for business financing without these restrictions. If they have an established history of accepting credit cards, a merchant can get immediate cash by selling their future credit card processing receipts.