To qualify for a Cash Advance, merchants must meet these requirements:
- Business or Personal credit score at least 500 or greater.
- Business must be open for more than 9 months.
- Owner/operator and/or business not currently in bankruptcy.
- No excessive tax liens relative to advance amount without a documented and satisfactory payment plan.
- 6 months operating history with the same owner.
- Merchant must consistently average > 12 batches per month.
- Merchant annual gross revenue > $125,000
- Merchant must process > $60,000 annually in credit card sales.