In order to qualify for a Merchant Advance, you must be in business for at least one year, and average a minimum of $3,000 per month in debit and credit card transactions. Even if your credit score is quite low, we can usually get your application approved. It’s more about historical sales than your credit.
Cash Advance Program Requirements:
Merchant Cash Advance For Businesses. You must have a merchant account processing at least $5,000/month in credit card and/or debit card sales from your customers for at least 60 days
Merchant Cash Advance For Businesses You must be current with your landlord (we do perform a landlord verification call) or current with your mortgage if you own the building.
Merchant Cash Advance For Businesses You must have at least twelve (12) months left on your lease if you are renting your business location.
Merchant Cash Advance For Businesses You cannot have any open bankruptcies in the last 12 months
Funding and Repayment
Once your application is approved, Clearlease Financial will provide you with the agreed-upon funding amount. The repayment terms will be outlined in your agreement, specifying the percentage of your future sales that will be allocated toward repayment. Clearlease Financial offers flexible repayment options, making it easier for your business to manage cash flow while meeting repayment obligations.
A merchant cash advance from Clearlease Financial can be an excellent financing solution for businesses seeking quick access to capital. By following this simple guide, you can navigate the application process with confidence and find the best merchant cash advance option for your specific business needs. Remember to conduct thorough research, choose a reputable provider, and carefully evaluate the terms and rates before making a decision. With Clearlease Financial’s expertise and flexible options, you can secure the financial resources required to take your business to new heights.