What is AdvanceMe’s Merchant Cash Advance?

A Merchant Cash Advance is a funding product that creates financial opportunities for business owners. With AdvanceMe's Merchant Cash Advance, a merchant sells AdvanceMe a predetermined amount of their future credit card sales for an immediate lump sum of working capital. AdvanceMe's collection process is automated through the merchant's credit card processor, and normally requires less than one year to complete.

How Merchant Cash Advances Work

From beginning to end, it’s a simple four-step process:

1. Application:

A Merchant submits a quick online form. A customer service representative contacts the Merchant directly for additional information to complete the qualification process. This may include the verification of a number of simple facts about the business and its operations.

2. Transaction:

Upon qualification, AdvanceMe purchases a predetermined amount of the Merchant’s future credit card receivables at a discount, and a lump sum of working capital is deposited into the Merchant’s account.

3. Collection:

RBS Lynk automatically sends AdvanceMe a fixed percentage when each day's credit card sales are settled (batched).

4. Completion:

Collection stops automatically when the full amount is retrieved—usually within 12 months.

 

AdvanceMe's simple process and attentive customer service encourages 75% of our eligible clients to return for additional funding.