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  Frequently Asked Questions

How does Business Finance Advance work?
We provide unsecured cash advance funding to small and mid size merchants based on your future credit card sales. Very simply, we will advance you the cash you need now ,and you pay us back from your future credit card proceeds. Of course we will not deduct all of your credit card proceeds just a small percentage of your daily credit card batch until you are paid in full. And the advantage of the program is that you pay us back only as you do business. So if things get slow as in any business you don’t have to worry about a monthly loan payment you have to make. We will simply deduct the same agreed upon percentage regardless of how much it is. Another great advantage is that there is no time frame for you to pay back. Since the program is based on your credit card sales only, you can take as long as you need to pay back as long as its within the normal course of business, and you also get to keep 100% of all the cash and checks you take in. Once approved, you'll have access to your cash within 7 business days. Funds are deposited directly into your account.

And remember because its an unsecured program there is no collateral required, no personal guaranty and no UCC filing on your personal credit report.

How do I qualify for Business Finance Advance financing?
Qualifying requirements are minimal. You just need to show us that: Your business accepts credit card payments, and that you have at least $4000.00 a month in credit card sales. You meet our basic underwriting requirements.

What if I already have a business loan?
Our product is an advance, not a loan. As long as you meet our requirements, we can still provide you with immediate cash, without affecting your other obligations.

Does Business Finance Advance look at my personal credit history, and will it affect my credit report?
Our business friendly scoring method includes a review of your personal credit, but it does not require personal guarantees.

What is the cash advance amount limit?
Every business is unique. Business Finance Advance will determine your amount Limit based on your average monthly credit card sales. There are no requirements or minimum transaction volumes. We generally fund from $2,000 to $1,000,000.

How are my payments determined, and what is the finance rate charged for this service?
The best thing about Business Finance Advance cash advance is that there are no fixed payments. WE ONLY GET PAID WHEN YOU MAKE A SALE. The money you receive as an advance against your estimated future monthly sales.. Actually because our program has been designed exclusively for small and midsize businesses there is no interest charged on your advance. Rather it is based on an intelligent factored fee program .Unlike a variable interest rate program which constantly accrues and can increase significantly on a monthly basis , our underwriters will approve you for a specific dollar amount and simply add on a one time factored fee which will never change. Regardless of industry wide interest rate increases the amount given to you at the beginning of your advance is all you will ever have to pay back. There are no late payment penalties and no pre-payment penalties if you choose to pay off your cash advance early."

We simply take a previously agreed upon percentage of your future sales until your account with us is settled. It’s that simple.

What is the factored fee?
That is actually determined by our underwriters and it is based on a few different criteria.

a)Your type of Business

b)How many years you have been in business

c)Your overall sales volume

d)Your personal credit score

But don't worry your sales agent will be working for you, and their priority will be to get you the largest possible approval at the best possible rate! Your in good hands

How do I keep track of my account?
You'll receive a monthly statement in the mail to view your payment history, track your daily transactions and see your remaining unpaid balance.

What percentage will be withheld from my daily credit card batches?
That percentage is actually determined by you the merchant. Typically we will come back to you with 4 or 5 different approvals each with a different withhold percentage. At that time we will look at all the approvals and determine with you which dollar amount and withhold percentage is right for your business. Rest assured our goal is not to set you up for failure rather for success. We are not interested in hurting you or your business by taking to much of your daily batch.

Do I have to switch my credit card merchant processing?
No, it is not mandatory to switch your current processor although there are enormous advantages to switching to our platform.

1)We typically will be able to save you between 10-25% off of your credit card merchant fees.

2)The average merchant renews his cash advance 3-4 times and being on our platform will save you a lot of time and additional paperwork .Usually a renewal can be funded within 24 hours if on our platform. Otherwise we will need to request all the up to date documents again.

3)Upon Renewal, if on our platform we are able to renew once a merchant is half way paid off instead of waiting until you are paid up in full .Additionally ,we are usually able to increase your advance amount by 10-25%.

How do I get started?
Complete the on-line "Quick App" and We’ll call you within 24 hours with your pre-approved amount!

Or you can call Toll Free now and speak to one of our funding specialists.Call-1-888-306-6720


The Business Finance Advance Advantage
  • Get Up To $2.5 Million per location
  • 95% Approval Rate
  • 24 Hour Approval!
  • Receive Funds in 7 Days or Less
  • No Application Fees
  • No Fixed Payments
  • No Bank hassles
  • No collateral required
  • No personal guarantee
  • No UCC filing on your personal credit report
  • Low credit scores OK
  • No Tax Returns Required
Why Choose BFAdvance
  • Rate as Low as 12.99%
  • No Late Payment Fee
  • Working Capital
  • Purchase New Equipment
  • Inventory
  • Advertising
  • Business Debt
  • Seasonal Merchandise
  • Remodeling
  • In Compliance with all State and Local Regulations
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Disclaimer: For lower rates, some programs may require tax returns, collateral, personal guarantees and other possible requirements. Call your funding specialist to learn more.