Cash Advance
How would your business change if you had access to working capital? Would you expand? Remodel? Buy new equipment? Increase advertising? With Meramak, access to capital for your business may not be far away.
Through a referral relationship, Meramak can help business owners like you access a financial solution that can help dramatically advance their business. This relationship allows merchants to benefit from Meramak’s operational expertise in providing credit card processing solutions, and our referral partners’ leading-edge funding capabilities. This is an exciting new opportunity for small and medium sized companies.
How Does The Business Cash Advance Program Work?
Unlike a loan, the cash advance program provides a fast, easy way for businesses to gain access to working capital today by tapping into their future credit card sales. A business sells a portion of its future credit card sales at a discount and receives a lump sum cash payment.
- Funding can occur in as little as 5 - 10 days
- Easy payback terms and conditions
- Payments are based on credit card sales – no fixed payments!
- Tax deductible
- Improves cash flow
- Builds business credit
- Does not affect a business' debit-to-income ratio
- Be in business for at least 1-year
- Accepts credit cards as a form of payment
- Business must process at least $5,000 per month in credit card sales
- Provide processing statements for the previous 4 months
- Must be a Retail, Restaurant or Service Business
- Business has a fixed location (No home based businesses)
- Has no open tax liens, judgments or bankruptcies
- Is in good standing with landlord at business location
- Business owner must be current with their rent or mortgage
What are the requirements for a Business to qualify?
