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| eC Cash Advance |
| Receive an Upfront Lump Sum Cash Advance up to $300,000! |
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Features:
Providing Business Cash Advances through accounts receivable financing,
utilizing your sales volume. This is not a loan, it is an upfront lump
sum cash payment against your future card sales and electronic
payments.
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The Advance is NOT a Loan
A Cash Advance is not a loan, it is an upfront lump cash
payment against your future sales collected through all
electronic payments. Every day, a fixed percentage of your
electronic payment sales are deducted until the advance is
satisfied.
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No Prepayment Penalties
Remember this is not a loan; therefore there is no
prepayment penalty, no fixed payment schedule, no maturity
dates, and no minimum monthly payments. At any time, you can
choose to settle the advance by paying us the balance of
what you owe.
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Funding in as little as 10 days
Approval is usually obtained within 24 hours once required
documents are sent to underwriting. Cash is wired to your
bank account 5 business days from the time the signed
contracts are submitted.
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Approvals on Poor Personal
Credit
eC Cash Advance™ is not credit score driven, therefore it is
not necessary for you to have good credit to receive an
advance. A poor credit ratings will not normally influence a
cash advance decision.
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Benefits:
No set term to repay the advance. As goods and
services are purchased by your customers, a small percentage of each
electronic payment is collected from one of our preferred processing
banks.
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No Personal Guarantee
There is personal guarantee, joint guarantee, or severable
guarantee required. The Advance will NOT show on Your
Personal Credit Report and No Collateral is required.
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Spend the Advance How You See
Fit
Advances can be used for a variety of business related
purposes including regular operating expenses, meeting
cashflow needs in off peak seasons and expanding your
business. You are free to spend the money on whatever is
best for your business.
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No Fixed Term or Minimum
Payment
No checks to write, No maturity date and No Monthly Minimum
Payment. Every day a fixed percentage of your electronic
sales receipts is deducted until the pre determined payback
amount is satisfied. We get paid as you get paid.
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No Hidden Fees
There are no appraisals, closing costs or any other hidden
fees. We only work with agents (no brokers), which means
that you receive 100% of the funds you are approved for.
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