How does merchant cash advance work?
We advance your business money against your future credit card sales.
We advance you money against your future credit card sales.
We purchase a fixed dollar amount of your future credit card sales at a discounted rate, typically
1 ½ times your monthly credit card sales, once approved you receive a lump sum of cash, immediately!
Through an automated process, we retrieve a small percentage from Mastercard and Visa credit card sales daily for repayment. It’s simple—when you get paid we get paid.
The #1 business loan alternative
Every small business needs access to working capital. A Merchant Cash Advance offers easy access to business capital.
We help many business owners just like you. We know that it’s a challenge for many retailers, hospitality and service businesses to obtain a traditional loan because they lack collateral. That’s why Olive Funding provides a business cash advance product customized to meet individual business needs.
Are you ready for the money? Here’s what you need to do …
1. Submit your online application for pre-qualification.
2. Once you are pre-qualified, we’ll ask you to submit a few other documents for final approval. After final approval, a consultant will contact you to learn more about your business needs and discuss the details of our proposal.
3. Olive Funding will then provide a contract. Just sign and return our agreement and, within a few days, funds will be deposited directly into your company’s bank account.
4. After you receive your merchant cash advance, Olive Funding will begin collecting a small, agreed-upon percentage of your daily Visa & MasterCard sales until our agreement is fully executed. Your credit card processor will transfer funds automatically and electronically, there’s no additional work on your part.