We offer a revolutionary new working capital program designed to help you manage your cash needs by providing you with a more responsive alternative to traditional bank lending.
Our products offer a revolutionary way to get the money needed for your business operations. National Advance’s customized programs are based upon your future sales. We purchase a portion of your sales at a discount. To settle your obligation, we either retrieve a fixed percentage from each sale of your credit/debit card transactions or collect a fixed ACH dollar amount daily or weekly from your business checking account.
You must have been in business for more than 4 months, have at least $5000 in revenue per month, and meet a few other simple requirements. A good credit score is not necessary to obtain a cash advance. We are more concerned about your sales and monthly volume.
Most of our customers use the money for business needs like adding more seats to their restaurants, improvements, advertising or stocking up on seasonal merchandise. Others have used it to buy out a partner or for emergency needs like unforeseen maintenance issues that could interrupt your business. You are free to spend the money on whatever is best for your business.
Typically, after a merchant has been approved the average time from receipt of all documents required to funding is usually 3-5 business days..
We collect a small percentage of your daily credit & debit card sales as they are settled or “batched” or we collect a small fixed dollar amount daily Monday-Friday.
Gross volume refers to your total receipts from all sources, including cash, credit cards, debit cards, and checks.
If you owe money to another funding source, we can easily payoff your existing balance and provide you with additional money or we can give you a separate advance.
Our representatives are available Monday through Friday 9am–6pm EST