Merchant Cash Advance | Credit Card Factoring
GrowCo’s merchant cash advance, also commonly referred to as 'credit card factoring,' can provide you with the working capital you need fast! Your credit doesn’t matter and we don’t need piles of your company paperwork. We give you cash based on future credit card transactions.
How Does a Merchant Cash Advance Work?
Your credit card cash advance is based on future anticipated credit card processing volume. There are no fixed monthly payments; instead a portion of your monthly credit card transactions is deducted until your advance is paid back. Give us a call today at (866) 268-9515 or complete our quick application above to get the cash you need.
Benefits of a Merchant Cash Advance
- Your approval chances are MUCH HIGHER than with other sources of funding
- You do not need to provide collateral
- You get the cash FAST - funds are usually available within 72 hours
- No fixed payment amount or payment schedule
- Repayment varies with your revenue – you pay less when your revenue is less
- As you pay back your initial advance more cash becomes available for additional advances
- No traditional personal guarantee required
- The cash you receive is not reported to any credit agencies
- Merchant Cash Advance is not a loan and doesn’t create debt on your balance sheet
- Approval is not conditional upon credit scores
- Prior Bankruptcy, Liens, Foreclosures? No problem!
What Can I Do With the Money?
- Purchase capital equipment
- Fund payroll
- Pay taxes
- Expand your marketing
- Purchase supplies
- Catch up on rent or other bills
- Take advantage of expansion opportunities
- Any other purpose – it’s up to you!
Will I Qualify for Credit Card Factoring?
- Your business must regularly accept Mastercard and Visa
- You must have at least one year remaining on your office lease
- No unresolved bankruptcies
Give us a call today at (866) 268-9515 or complete our quick application to get started obtaining the cash you need.
Benefits of Factoring with GrowCo:
- Rates as low as .5%
- Funds deposited into your account within hours
- No long-term contracts
- No minimum volumes or minimum fees
- Factor only when you want
- Factor only the invoices you want
- Flexible and creative financing programs other than factoring
- Super fast approval
- No application fees
No Financials Needed. No Application Fees. Creative Financing for Any Industry. Rates as Low as .5%.
Call us 24 Hours a Day, 7 Days a Week: (866) 268-9515.