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First Data'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? First Data can refer you to an alternative funding provider who helps business owners access a financial solution that can help dramatically advance their business. This referral relationship allows merchants to benefit from First Data's operational expertise in providing payment processing solutions, as well as from the alternative funding provider?s leading-edge funding capabilities and First Data?s Merchant Cash Advance Program.
How Does a Merchant Cash Advance Program Work?
It provides a fast, easy way for businesses to gain access to working capital today by tapping into their future credit card sales:
- A business enters into an agreement with the alternative funding provider to sell a portion of its future credit card sales at a discount to this provider and receive a lump sum cash payment.
- A specified percentage of the business? credit card sales are remitted to the alternative funding provider each day. Statements can be viewed anytime online!
- The specified percentage is a fixed amount and may only change upon mutual agreement by the business and the alternative funding provider.
Credit-worthy but underserved businesses can access capital without the time, documentation and availability issues that are associated with a loan.
Access Working Capital Easily and Quickly
Business owners that want capital quickly, and to find working capital based on the potential of their profitable business, should consider this referral program. There are no complicated applications, no application fees and no checks to write.
Benefits include:
- High approval rates
- Minimal documentation requirements
- Fast funding - in as little as 5 to 10 business days
- Unlike a loan, no fixed payment schedule
Getting Started is Easy - Choose From the Following Ways
- with an online representative
- Have a Merchant Services representative contact you
- Call a Merchant Services representative at (866) 867-3249
