Business & Merchant Cash Advance
Immediate access to cash for your business.
Why is a merchant cash advance from Painless
Processing the obvious choice?
We make the process quick, easy, and painless… here’s how:
No application fees
No closing costs
No collateral required
No financial statements or tax returns required
No complicated contracts
Quick approval process
Incredibly flexible repayment plans
Credit rating flexibility
No merchant account required
High risk merchants accepted
Use your new capital for any type of business purchase.
Here are some of the most common reasons.
Research and development
Marketing or advertising
Expansion through mergers or acquisitions
Capitalizing on growth opportunities
Easing cashflow restrictions to improve operations
Funding seasonal or holiday needs
Merchant cash advances are for small to mid-size businesses that have an immediate need for liquidity. Banks have made it difficult for merchants to get funding quickly and most have clauses within their lending contracts that restrict how funds can be used. With a merchant cash advance, merchants can get cash fast without restriction of how to use the money to help their business. Even high risk merchants can get a merchant cash advance of as much as 175% of their current monthly credit card or ACH processing volume in order to have access to much needed capital.
Qualifying merchants can receive a merchant cash advance of up to 175% of their current monthly credit card processing volume with quick and painless access to much needed capital ranging anywhere from five thousand to five hundred thousand dollars. Unlike conventional loans, merchant cash advance repayments are paid through future credit card processing or ACH withdrawals allowing for greater flexibility and management of cashflows because repayments are tailored to take a percentage of incoming revenue and are not a fixed monthly amount. Some of our most popular merchant cash advance programs are:
Painless Standard Merchant Cash Advance
provides merchants with a quick and painless funding solution of up to 150% of their current credit card processing volume.
Painless Premium Merchant Cash Advance
gives qualified merchants an opportunity to get a funding solution of up to 175% of their monthly credit card processing volume.
Painless Cash & Credit Merchant Cash Advance
gives merchants that accept cash or checks as their primary form of payment the opportunity to get additional funding for their business. This merchant cash advance is a cross between a traditional cash advance and a microloan. Cash advances may be as high as 60% of gross sales.
Painless Start-Up Merchant Cash Advance
was developed to help entrepreneurs with a start-up business gain access to additional capital so they can improve and expand operations with less cash flow restrictions. Start-up merchants can qualify for up to 60% of a cash advance their total monthly credit card volume up to $20,000.
Painless No Merchant Account Micro Loans
were developed with the understanding that some businesses are structured for success and accept little or no credit cards as payment. These merchants still need access to short-term lending in order to help their business grow and capitalize on opportunities. The Painless micro loan gives small to mid-sized merchants the opportunity to get much needed funding solely by evaluation of their current overall financial health without credit card processing. And, qualifying merchants can get as much as 60% of their gross sales up to $60,000.00.
In many instances merchants are denied a traditional loan but aren’t even told exactly why; all they hear, is you did not qualify. And as previously stated, the number of declines rises significantly for high risk merchants such as e-cigarette merchants, adult merchants, tobacco merchants, and several others. As a direct lending source, Painless Processing offers multiple merchant cash advance and private lending solutions that provide opportunities for merchants to capitalize on opportunities by leveraging their current financial position. Some of these private lending services include:
Standard merchant cash advance based on credit card processing volume
Non-collateralized cash loans
Direct line of credit
EZ Pay advantage