FAQs
1) How can I qualify?
You have been in business at least one year
You have at least one year remaining on your property lease
Your business accepts Visa® and MasterCard® as a form
of payment
Your business processes a minimum of $3,500 in Visa and MasterCard
sales a month
2) How
can I use the cash advance?
You can use your cash advance to fulfill almost any of your business
needs.
Expand or remodel your business
Purchase inventory
Replace existing equipment
Promote or advertise your business
The best part is that the
decision is yours!
3) How do I apply?
It’s easy – simply fill out our online
application or call a Merchant
Funding Source representative at
1-866-801-9468
4) How does the program
work?
Merchant Funding Source offers products and services that are
specifically designed to provide small to mid-sized business owners
with flexible and unsecured access to capital. Your business will
receive cash in exchange for the purchase of a small portion of your
future Visa and MasterCard receipts. The cash advance will be deposited
into your business checking account allowing these funds to be
accessible immediately. This is not a loan, it will not require a
complicated application process, personal guarantees, collateral, or
unnecessary fees.
5) How soon can I get the
advance?
Once the required documentation is provided in full with the
application, money can be received quickly through an electronic
transfer.
6) How do I pay back the
cash advance?
A small percentage of your daily Visa and MasterCard receipts are
deducted until the balance is collected.
7) How can I check my
account status?
There are two ways to check your account status. You can request a
monthly statement
that shows the previous month’s activity or you may also
access
your account
via the web at: www.merchantfundingsourceinc.com/MerchantLogin.html.
8) Can I stay with my
current credit card processor?
It is possible if Merchant Funding Source has an agreement in place
with
your processor we can offer
a “Lock Box” solution
for repayment. A Lock Box is a form of
escrow account where a merchant instructs their current payment
processor to direct their daily batch deposits to a bank account owned
by the Cash Advance provider and held for the Merchant “In
Trust”. Once
the funds enter the account, the Cash Advance provider then
‘sweeps the
account’ or withdraws their daily portion of the funds. The
remaining
funds are then forwarded to the Merchant’s commercial account
(typically at another bank).
Otherwise, we will arrange a Merchant
Funding
Source
partner processor who will match or lower your current processing fees.
9) Do you have to review
my personal credit history?
At Merchant Funding Source we base our approval decisions on a credit
scoring model that considers both a personal credit score as well as a
business score. A very high percent of applicants qualify.
10) Can the cash advance
be renewed?
Yes, when the advance balance is down to approximately 25% of the
original balance, your business can request another advance.
11) I
have a Tax Lien, Bankruptcy, or
Poor Credit. Can i still get funded?
Yes, The Started Advance program has been developed to assist merchants, who cannot qualify for a traditional funding or even a merchant cash advance, get funding and get it fast. You are AUTOMATICALLY APPROVED in the STARTER ADVANCE program. Businesses Qualify for up to $7,500!
Funded in 48 hours!
Even if you’ve been declined elsewhere!
99.99% Approval Rate*
BK’s/Liens/Judgements OK
Funding in 48 Hours
Read More
12) Who do I call if I have any questions about my account?
You can call a Merchant Funding Source representative right now at
1-866-801-9468 or e-mail: info@merchantfundingsourceinc.com

"Merchant Funding Source
really worked hard for me. I shopped around
with other companies, and I dealt with another company that promised me
a lot and delivered on absolutely nothing. Merchant Funding Source was
straight with me throughout the process. Every step of the process was
explained to me and the quotes they gave me were set in stone. I really
appreciated the knowledge and expertise that Merchant Funding Source
had to offer. l felt extremely comfortable throughout a process that
was very new to me. Thanks for all your help guys"
Amanda, West
Palm Beach, FL