Credit Card Factoring |
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What is Credit Card Factoring?
At Advance Factor, we excel in providing business cash advances up to $250,000, through credit card factoring. Credit card factoring is a form of accounts receivable factoring whereby a business can receive a cash advance based on future credit card sales.
How will Credit Card Factoring Work for You?
Within a few days after your application has been approved, we will transfer your business cash advance directly to your account. From that point on, whenever a customer completes a sale via Visa, Mastercard, or American Express, we will purchase a portion of that sale at a discount. The factoring fee will then be used to pay back the cash advance over time.
Since repayment is dependent on sales volume, instead of a fixed monthly expense, you will enjoy a more fluid cash flow. Moreover, by factoring credit card invoices, you avoid the pressure of having to always keep up with scheduled payments, even when sales are down..
To be considered for a business cash advance, your company must process at least $2,500 in credit card sales via Visa, Mastercard, or American Express.
You can fill out our quick online application or for more information call... |
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