Merchant Funding

Merchant services can be an excellent option for a business that doesn’t qualify for a traditional bank loan but needs working capital.  Any business that takes credit cards and has credit card sales of $5000 or more per month could be eligible for a merchant cash advance. An ACH loan makes it possible for businesses that don’t take credit cards to take advantage of this type of program. It also makes it possible for a business that does accept credit cards to keep their existing credit card processing.  This type of merchant funding can be expensive, with rates comparable to credit card rates. However, repayment of this loan is flexible and is a set percentage of sales.