Merchant Cash Advances - Is a great alternative financing option for small businesses. This is usually a short term loan given against your daily receivables. The merchant cash advance can be repaid back through a credit card split or debits from your business bank account. This alternative business financing was created specifically to address the problems of traditional financing options like complicated approval processes, long waiting periods, spending restrictions and high decline rates.
Some features include:
Advances up to $250,000
Same day approvals
Daily, weekly and monthly payment
Cash in as few as 24 hours
No collateral required
Credit card split
Bad credit accepted
No hidden fees or upfront costs
Qualifying is quick and easy!
To qualify for our no-hassle Merchant Cash Advance, you must:
Be in business for at least 6 months
Average monthly revenues of at least $5,000
That’s all. Our Merchant Cash Advance program is specifically designed to work with small businesses like yours.
Debt Consolidation - We understand that you may have other merchant cash advances outstanding. We at Shor Capital can buy out those advances up to 6 positions and consolidate everything into one loan which will make it easier for you. We can extend the term of these positions to reduce your daily payments making it easier for your business. We want your business to thrive successfully so we ensure that there is adequate cash in your business on a daily basis.
Please provide us with a balance letter from your other lenders so we can give you a quotation.
Long term Business Solutions - We also understand that some businesses prefer longer term solutions for their operations. We can provide long term solutions for your businesses too, from 12 months to 5 years’ term with flexible payments and the lowest rates. Let us review your application, assess your revenues and see what’s the best deal for your revenue flow.
J-Factor funding - This is a premium service offered to our existing clients. Once you have taken a merchant cash advance with Shor Capital you are automatically qualified for instant top up after the first 30 successful payments. We try to make topping up very easy for our existing clients. Just call your sales representative, provide the last month bank statement and the money can be in your account within 1 hour.
INVOICE FACTORING - This is another form of financing that most companies are not aware of. How it works is that you will sell your accounts receivable to us through invoice factoring. We will then provide you with funding against the invoice amount which we or partner company will collect directly from the payer.
CREDIT CARD FUNDING - For clients who are not qualified for regular merchant cash advance, we can also assist with credit card funding for business. Again this is a very simple process and we can provide you with a quote in as little as 3 hours telling you the amount your business will be qualified for.