Frequently Asked Questions

The following are Frequently Asked Questions about AdvanceMe and our unique Merchant Cash Advance:

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Who generally qualifies for this kind of funding?

AdvanceMe specializes in funding underserved, but credit-worthy small to mid-sized businesses. This is why almost 20,000 businesses have received almost a billion dollars from using AdvanceMe since 1998. We have also successfully funded over 100 of the top franchise concepts, and helped other businesses commonly rejected by financial/lending institutions.

How do I apply for the AdvanceMe funding program?

Fill out our no-cost, no-obligation online application form and get the process started immediately. You must have been in business for more than 4 months, be able to provide proof of ownership, process at least $2,500 in credit card sales per month, and meet a few other simple requirements. You can always call toll-free 1-866-490-9488 to speak with a sales representative for more detailed information.

Will AdvanceMe have to review my personal credit?

Yes, but this information does not carry as much weight as it does in traditional financing. It is important to remember that with AdvanceMe’s Merchant Cash Advance, having a poor or damaged personal credit history is not an automatic disqualifier. Many businesses that have trouble with traditional financial institutions can qualify and enjoy continuing success with AdvanceMe's Merchant Cash Advance.

How soon can I get the money?

This all depends on you. If you are able to provide the requested information promptly, AdvanceMe is usually able to provide funding to active RBS Lynk merchants within 3-5 business days.

What can I use the money for?

Essentially, you can use the money for most anything your business needs. Many businesses will renovate or add physical improvements to their establishments, many will buy additional inventory or handle payroll issues, and many use the money to take advantage of a timely opportunity. We let each business decide how they are best served.

Will you take 100% of my daily credit card sales?

No. AdvanceMe takes only the agreed upon percentage of your credit and debit card sales. The actual percentage is clearly stated on your AdvanceMe Merchant Agreement.

When my obligation to AdvanceMe is satisfied, do you stop taking a percentage of our credit card sales?

Absolutely. Upon completing your obligations to AdvanceMe, you will automatically begin to receive 100% of your credit and debit card sales.

How often does AdvanceMe collect payments?

Payments to AdvanceMe are electronically retrieved on a daily basis, automatically collected from each day’s credit and debit card receipts when they are batched.

Will I get a discount if I pay off early?

Since this is not a loan, there is no fixed monthly payment schedule. Your business’ sales flow will determine both the amounts you forward and the time needed to complete your obligation. We get paid when you get paid.

With my original obligation to AdvanceMe satisfied, can I receive additional funding?

Certainly. In fact, since it is so easy to do and so beneficial to their business efforts, 75% of eligible AdvanceMe customers return to take advantage of additional funding opportunities.

How can I check on my account status?

AdvanceMe has dedicated customer support ready to help you answer any question. You can always call toll-free at: 1-866-490-9488