Credit Card Receivable Financing  |
With Credit Card Receivable Financing, future credit card sales are turned into cash today. Through relation ships with Cash Advance Providers, Sphynx Financial can provide businesses a cash advance against its merchant processing account of up to $250,000 per location. As an alternative to a small business loan, these funds are typically available within 7 days or less based on all future credit card sales. Beyond a broad loan policy, Sphynx Financial offers an uncommonly efficient and personalized application process. Step by step, a Business Services Representative will guide you through the loan application process. As one of the nation's largest providers of commercial financing, we offer a full range of capital resources to finance a variety of needs. We'll help you select the right business loan credit option with the right terms and payment structures for your company. A term loan for 150 percent of business credit card receivables over past quarter. This is an ideal business loan product for companies with a large volume of credit card sales. Example: Restaurants, Supermarkets, Retail Stores, Online consumer companies. Credit Card Receivable Financing  Documentation Required - Credit Card Receivables Statement (Visa, Mastercard, Discover, Amex, Diners) for the past three months - Copy of Driver's License - Most recent business bank statement showing the realization of credit card receivables - Description of credit card payment processors - Three vendor references - Copy of a cancelled check from business checking account Can close in less than 1 week |
Eligible Businesses: Must be Privately Held and Operated For-Profit Borrower’s Experience: None Required for Approved Franchises / 3 Years of Related Experience for Non-Franchise
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Contact a Specialist Our loan specialists can work with you to determine the best solutions for your business. Apply Now. |
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