Business Financing Executive Summary - Business Cash Advance Program

The following business cash advance guidelines are provided in this Executive Summary:

• 5 reasons to consider a business cash advance based on credit card receivables factoring.
• 10 problems to avoid with business cash advances.
• 6 criteria for securing a business cash advance and working capital financing up to $300,000.

• Business cash advances are available to most businesses that accept credit cards in their business
  
• For most business owners, a business cash advance based on credit card processing and factoring is one of the few viable options for reliably obtaining short-term business financing
• Funds can be obtained quickly
• There is no need for collateral
• There should not be any up-front fees or closing costs

There are several key problems to be avoided with business cash advance programs.

• Up-front fees
• Collateral required
• Financial Statements required regardless of business cash advance amount, although larger merchant cash advances can involve additional information such as financials
• Fixed term to pay off the commercial financing
• Fixed payments to pay off the business cash advance
• High credit scores (frequently 680 to 700) required to qualify
• 12 to 24 months of $10,000 to $25,000 (or more) in credit card sales required
• Maximum business cash advance of $10,000 to $50,000
• 2-3 years or more in business required to qualify
• Closing costs

• Business accepts credit cards as a form of payment
• Ability to document credit card sales of $4000 or more per month for the last six months
• One year operating history as service or retail business
• No open tax liens, judgments or bankruptcies
• Acceptable personal and business credit (minimum personal credit scores of 500)
• If leasing: at least one year remaining on lease and in good standing with landlord

It is not necessary to accept ANY of the 10 problems listed above in order to obtain a business cash advance based on future credit card processing. AEX Commercial Financing Group has eliminated ALL of these potential problems from the Working Capital Financing Program for their clients. Here is an overview of our commercial finance program:

• No up-front fees or closing costs
• Business cash advances from $5000 to $300,000
• No collateral required
• No financials required for most situations (larger business cash advances will sometimes require additional information such as financials)