Cash Advances

WE GUARANTEE THAT IF WE CAN’T FUND YOUR CASH ADVANCE, NOBODY CAN!!
THE LOWEST RATES IN THE COUNTRY AND A 100% APPROVAL RATE*

If your business needs cash, a business cash advance could be a great alternative to a traditional business loan. Unlike a business loan, a cash advance provides immediate funding with no collateral, no personal guarantees, simple paperwork, and no fixed monthly payments.

In simple terms, a business cash advance is an advance against your future Visa and MasterCard sales. The repayments are taken automatically from your daily VISA and MasterCard sales, based on a small fixed percentage of the daily amount, until the balance is fully paid. Unlike a traditional business loan, a cash advance has no fixed payment because it gets repaid from daily cash flow of your business. This means that your payments will change as you businesses cash flow changes, so in tighter months your payment is lower.

As a leading provider of merchant cash advances, we work hard to fund merchants across the United States and in Canada. We believe cash advance programs are an essential tool for many businesses that might otherwise not have access to the cash needed to grow and develop their businesses. Unlike virtually any other provider, we also give second chances to small business owners who have been unable to secure traditional methods of business financing.

As with all PREFERRED Merchant programs, our cash advance program provides the highest approval rates in the industry. If you’re cash advance is not approved and you receive an approval within 30 days, we’ll pay you $500! Most of our clients are approved and funded within 7 days.

Unlike most providers who limit the total dollars they can fund or who will only fund up to 100% of monthly processing volume, the PREFERRED Cash Advance program can offer up to 300% of monthly processing volume and no limits on the total dollars funded (ask for complete terms and conditions).

With PREFERRED Merchants your business can rest easy knowing that:

• Our providers are direct lenders, so you’ll never need to deal with a broker.
• We offer the lowest rates available anywhere. Our cash advance rates can be as low as 1.19
• Unlike other programs offering small advances and loaded with limitations, the PREFERRED Cash Advance program can offer up to 300% of monthly processing volume and no caps on total dollar funding amounts.
• Switching processors is often not required. We can offer alternative methods that allow you to keep your own processor.
• Our providers have a strong lending history and a perfect rating with the BBB
• As a trusted cash advance provider, over 85% of our qualified merchants renew their advances
• With a PREFERRED Cash Advance, you can use the funds in any way you like. Use it to buy inventory, remodel a business, buy equipment, pay debt or for working capital.
• As a PREFERRED Cash Advance client you’ll also benefit from the following:
  • No fixed monthly payments
  • No collateral required
  • No personal guarantee required
  • You pay only when you sell
  • Faster process, less requirements
  • No strings attached, you can use the funds in any way you like
  • No fees or penalty for extended payback period
  • Much more liberal policies than any bank product
  • No hidden costs of fees

The PREFERRED Merchants Cash Advance program also offers special programs for restaurants, franchises, new businesses and “high risk” businesses. No matter what other cash advance providers have told you, we can help.

Your business could have cash within 7 days, apply now! The process is simple and PREFERRED Merchants will handle everything for you. At PREFERRED Merchants, our name is your guarantee.

Frequently Asked Questions

Question: What is needed to apply?
Answer: The process is very simple. Submit the simple 2-page application, the last 6 months of Visa/MasterCard merchant account statements, 3 months of bank statements, VOID check, DBA or Business License, Drivers License and Property Tax Bill or Lease Agreement.

Question: How long does it take to get approved?
Answer: Once we receive your completed application, approval is typically provided within 48 hours.

Question: How much will my cash advance be?
Answer: Cash advances are based on your monthly credit card sales volume. We take into consideration the last 6 months of your Visa/Master card merchant account statements. You may qualify for up to 300% of your monthly credit card sales volume. What is the interest rate?

Question: What is the interest rate?
Answer: This is not an interest-based loan. Cash advances are the purchase of future VISA/MasterCard sales. The purchase price is a discount to the amount of sales purchased, so there are no interest rates or monthly payments as you would typically see in a traditional bank loan. However all the detailed figures and amounts will be provided to you before you are committed to anything.

Question: How long does it take to receive my money?
Answer: Once approved, the cash is typically wired into your account within 7 days.

Question: Can I pay off my balance early?
Answer: Yes, you can always pay off your remaining balance on the advance at any time.

Question: Is my cash advance secured by collateral or a personal guarantee?
Answer: No, the merchant cash advance is completely unsecured. We use your proven business track record to determine funding.

Question: Are there any setup fees or costs?
Answer: No, there are no setup fees or application fees of any kind.

Question: Are cash advances reported to the credit reporting agencies and will it affect my other lines of credit?
Answer: No, merchant cash advances will not show up on your credit report. You can apply for additional financing and it will not impact your debt to income ratios.

Question: Can I keep my current processor or will I be required to change?
Answer: In most cases we can offer the ability to retain your current processor. However, in some cases you will have to change processors, but in those cases you will be upgraded to one of the best processors in the country and we will either match or beat your current processing rates. The transfer is very simple and it is done over the phone, in less than 5 minutes.

Question: What happens when my cash advance if paid off?
Answer: You may renew the advance every 4 months to receive more cash. In fact, 80% of our merchants do. You will never have a cash flow problem again.

Question: Do you provide cash advances for Franchises?
Answer: Financing your franchise with a merchant cash advance is possible with a PREFERRED Cash Advance! It doesn't matter what type of franchise you own, as long as you meet the minimal requirements, you could secure up to $500,000 for your business. It's faster, easier and more convenient than a bank loan.

Question: Why is a merchant cash advance an easier solution for franchises than a bank loan?
Answer: Some of our Franchise Financing Benefits Include:

• Franchise funding up to $500,000 completely unsecured
• Great credit not required
• No UCC1 filings
• Quick funding process
• No personal guarantee required
• 90% approval rate
• Over 85% of our customers renew multiple times

Question: Why would a franchise want a cash advance instead of a traditional bank loan?
Answer: Many franchisees choose us for business financing because of the easy and flexible repayment method. Monthly repayments are directly related to the flow of the monthly credit card sales. This keeps repayment in line with cash flow, peaking when sales peak and dipping when sales dip.