We loan you money that you can pay back over 12, 24, or 36 months with fixed payments per month. You will assign your residual stream to us and when we receive it each month, we will take your loan payment out and ACH the balance to you the following business day. Your processor and you will have to sign a Temporary Assignment of Residuals prior to your loan funding.
How long does it take to get approved for funding?
We approve applications in 3-5 business days, and you can have the cash in as little as 7 business days.
Is there an application fee?
No. There is no cost or obligation when submitting an application.
How do I know how much I can borrow?
The amount of your residuals will determine how much you can borrow. We like our loans to have a 50% Loan To Value Ratio. Once your application is approved, you'll be presented with the maximum amount of cash that you qualify for. You may choose to take all or just some of that amount.
Do you require a personal guaranty or any collateral?
Yes we require a Personal Guaranty and we use your Residual Stream as your only collateral.
How do I make payments?
We work seamlessly with your processor to temporarily assign your residuals to us until your loan is paid off. Once your loan is paid off, your residuals are assigned back to you.
How do I keep track of my payoff amount?
You'll receive a monthly statement detailing the payments that you've made and what you have left to pay off. You can also track your payments online through our secure website.
What can the cash be used for?
We place no restrictions on how you use the cash. You may use the money however you see fit. Common uses include the purchase of additional inventory or equipment, expansion, new marketing programs, debt payoff, and tax expenses.
Who can I contact to learn more?
Call us at 800-631-2423, Monday through Friday, from 9am to 6pm pacific standard time. Our representatives are standing by to answer any questions you may have about our services.
