Working Capital - Advance Me, Inc.
AMI's Program Helps Merchants Access Working Capital
How would your business change if you
had access to working capital? Would you
expand? Remodel? Buy new equipment?
Increase advertising? With the new
referral relationship between First Data
Merchant Services Corporation (FDMS) and AdvanceMe, Inc. (AMI), access to capital
for your business may not be far away.
Through a referral relationship with AMI, FDMS can help business owners like you access a financial solution that can help dramatically advance their business. This relationship allows merchants to benefit from FDMS' operational expertisein providing payment processing solutions, and AMI’s leading-edge funding capabilities. This is an exciting new opportunity for small and medium sized companies.
AMI is a leading provider of alternative funding solutions to small and mid-sized businesses. AMI helps businesses by turning a hidden asset - future credit card sales - into working capital today. Since 1998, more than 15,000 businesses across the country have trusted AMI for their funding needs. AMI has provided working capital to more businesses than any other provider in the Merchant Cash Advance industry, over $650 million to date. And three out of four eligible customers return to AMI for additional working capital needs.
How does AMI’s Program Work?
Unlike a loan, AMI’s program provides a fast, easy way for businesses to gain access to working capital today by tapping into their future credit card sales:
- By entering into an agreement with AMI, a business sells AMI a portion of its future credit card sales at a discount and receives a lump sum cash payment.
- FDMS automatically forwards AMI a specified percentage of the business’ net credit card sales. Statements can be viewed anytime online!
- After AMI has received the total amount of credit card sales that it has purchased (approximately 5-12 months depending on the funding and credit card sales volume), FDMS stops forwarding to AMI the specified percentage.
- The specified percentage is a fixed percentage and may only change upon mutual agreement by AMI and the business.
