What is a Merchant Cash Advance?
A merchant cash advance is a lump-sum payment to a business in exchange for an agreed-upon percentage of future credit card and/or debit card sales. This means CFG Merchant Solutions will give [...]
What are the advantages of a merchant cash advance?
A traditional loan from a bank or lender has a lengthy process and often times can result in the business being denied any money. A merchant cash advance offers a quick and easy solution for [...]
How can I use the funding received through a merchant advance?
You can use your funding for any business purpose. This means any expense that will help you grow and sustain your business. Some examples include: Advertising Working Capital Inventory [...]
What is Invoice Factoring?
Invoice Factoring is the purchase of valid Commercial Accounts Receivable for cash.
Is Invoice Factoring used only by companies in trouble?
Invoice Factoring is a way for your business to grow, without giving away equity or taking on debt. This process can be used for any business, not just struggling businesses. Financially smart [...]
If sales are going well and product order financing is needed again, can our business reapply?
Of course! The steps are actually quicker and easier the second time around because you already have an account with our company.
What if my business sells a service, instead of a product? Can I still apply for purchase order financing?
Unfortunately no. Purchase order financing applies only for businesses who sell physical products.
What determines whether my company is accepted for purchase order financing?
We do our research. We look into the management and reliability of your business, as well as the potential of your business in terms of sales and growth.
Do I need perfect credit to be approved?
Credit history is not a deciding factor when approving a merchant cash advance. Unlike a small business loan, you can get approved for and receive funding from a merchant cash advance even if [...]
How much funding can I receive?
Every business, situation and application we work with is unique. That being said, there are a number of factors that determine how much funding you will receive. For more information, contact a [...]
