- Get Up To $20,000 In 48 Hours
- No Credit Checks
- Liens & Judgements are OK
- 99% Approval
Merchant Cash Advance
How It Works - Merchant Cash Advance Basics
AFS provides a merchant cash advance to a business by purchasing a portion of their future credit card sales at a discount. We then collect a percentage of their daily credit card sales directly from their credit card processor, or one of our other collection methods, until paid in full. Because each method of repayment is automatic, you won't have to worry about writing checks, making timely payments, or paying late fees.
For example, AFS will advance your business $50,000 today in exchange for $60,000 of your future credit card sales. AFS then collects a set percentage (anywhere from five to 30 percent) of your daily credit card sales until the $60,000 is collected over a period of months, typically ranging from 5 to 12 months.
AFS can recoup its percentage of your credit card sales in the following ways:
- Split Funding - You will need to change your credit card processing company to one of our partner processing companies. The percentage is then taken automatically from your batch at the end of every day.
- Trust Account/Lock Box - No change of credit card processing is required for the cash advance. As a merchant, you can expect that AFS will set up a special bank account for you into which your credit card settlements are deposited. AFS then takes its percentage and transfers the balance directly to your regular checking account.
- Fixed ACH - No change of credit card processing is required for the cash advance. AFS averages your payments over the expected time frame, and then deducts a weekly or daily amount directly from your bank account.
Advantages of AFS Merchant Cash Advance for Business Owners
An AFS funding consultant can get you $10,000 to $500,000 in as little as three days with no application, broker, or other up-front fees. Also, the process is simple as it involves minimal paperwork.
Instead of requiring collateral, assets or high credit scores, American Finance Solutions determines the amount we advance your business based on your credit card sales. No collateral or assets are required.
It's easy to renew a cash advance. For a merchant that enlists American Finance Solutions' services, we make getting more money or renewing your advance even simpler.
There is never a pre-payment penalty.
You can use your cash for anything. Whether you're planning to add a new location or hoping to buy advertising tools or securing direct mail capabilities, the cash advance is yours to use in any way you choose to grow your business. Other examples of things you could do with your advance include:
- Expanding or renovating existing stores
- Increasing or maintaining inventory stocks
- Paying for taxes and other important government fees
- Upgrading product/brand selections
- Executing advertising and marketing strategies
With more funds to work with, your business can be developed to reach the goals you have established. Enjoy the benefits of a well-funded business as worries about inventory shortage, unmaintained stores, and poor onsite and offsite marketing strategies will be a thing of the past.
You pay as you grow. The merchant cash advance that business owners acquire is paid for with a percentage of the credit card transactions only. If your credit card volume is down, then the amount collected by AFS is less and vice versa when volume is up.
- No fixed payments - flexible programs
- No fixed time frames for repayment
- Completely automated process
- AFS gets paid only when you get paid
Providing one of the easiest ways to grow your business, American Finance Solutions offers programs that will make a difference in your everyday operations, confident that you have the resources to reach your goals.
How Much Can I Qualify For?
