Factors of New Jersey
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Merchant & ACH Cash Advances

Merchant Cash Advance is an unsecured line of credit and although quite different in characteristics, is a ready ready source of cash when more typical bank loans are unavailable or inaccessible.  It is an innovative product primarily designed for small business but is also utilized by larger concerns with needs of up to $500,000.

Merchant Cash Advancesare cash advances made against future credit card receipts and are typically used by companies such as:Merchant Cash Advance

Merchant Cash Advance providers offer very flexible terms and when financing is provided, require no collateral or personal guarantees of the business owners.  The approval process is fast and simple with little paperwork such as tax returns and business financials required.  Repayment schedules are extremely flexible.

Recent adaptations of the merchant cash advance concept provide for the advance of funds based on cash receipts as well as those of credit cards.  In the case of advances on credit card sales, the merchant cash advance provider will typically also become the credit card processor of your business.  In the case where advances are made on cash over-the-counter sales, repayment of the advance is based on a daily draft of deposits.  Normal repayments of advances are scheduled for 12-15 months with modifications made on a case-by-case basis.

The number of companies providing merchant cash advances is growing rapidly and competition has put downward pressure on fees which traditionally were quite high.  At Factors of New Jersey, we work closely with well established service providers with flexible terms and the lowest fees to provide your small retail business with the working capital it deserves.  Contact us for additional details on merchant cash and its availability for your retail business.

Find Out More

Can a merchant cash advance provide a working capital solution for your small business? In many cases...YES!  You can find out more and explore all of the many benefits of alternative commercial finance by requesting our FREE booklet..."When Banks Say NO!...The Small Business Guide to Factoring"Click here to request your FREE copy.