FAQ's

How do I find out if I qualify for funding?

Just click on the "Apply Now" link and fill in your information. We offer a range of products to meet your business' needs. From restaurants to retail locations we can help you get the money you need.

How is your program different from a bank loan?

Our approach to funding is completely different from a bank loan. First, we are not loaning money; we are purchasing future credit receipts from you. You are selling an agreed amount of your future Visa and Mastercard sales. There is no loan to pay off, no checks to write and no late fees. Second, most bank loans require personal guarantees (so all of your personal assets are at risk), audited tax returns, and extensive additional documentation. We don't require any of these. A bank loan will also involve significant upfront fees such as points, filing fees, legal fees and other costs. There are no fees of any kind associated with our funding.

How do you decide how much I can get?

The amount of funding available to you is determined primarily by your monthly sales volume. Typically, an eligible customer qualifies for an advance that is around double its monthly credit and debit card sales. As an example, if your business processes an average of $20,000 in credit/debit transactions every month, the amount of funding available is typically about $40,000.

What percent of applicants qualify?

Our history shows that our approval rates run about 90%.

How soon can I get the money?

This depends on you. If you complete all the paperwork promptly, we can usually offer funding in less than 5 business days. Once you are an established customer, you can receive additional funding in as little as 72 hours.

What can I use the money for?

You decide how to spend the money - whatever is best for your business. Previous customers have used this money for renovations/remodeling, marketing and advertising plans, paying taxes, buying additional inventory, handling payroll, expansion and other business needs as they arise.

Will poor personal credit history keep me from getting funded?

Not necessarily. Since this funding builds on the strength of your business' card sales, your own personal credit history carries much less weight than it does in traditional financing. Your business can qualify for a Merchant Cash Advance even if you have been rejected for traditional financing options.

Do you take 100% of my credit and debit card sales?

Absolutely not. You only repay a predetermined percentage of your business' credit and debit card sales, and this percentage does not change during the life of the funding.

How often does repayment occur?

Your processor automatically forwards a predetermined percentage of daily credit and debit card sales as they are settled. Your processor will continue to send this percentage automatically as each credit/debit batch is settled until your business has sent the total amount of credit and debit card receivables that your business sold.

What is the interest rate?

This is not a loan, so there is no principal and no interest rate. A Merchant Cash Advance involves a sale of your business' future credit and debit card receivables at a discount. Then, as each days card sales are settled, a fixed percentage is automatically sent by your processor until your obligation is complete.

What kind of discount do I get if I pay early?

Since this is not a loan, there is no monthly payment schedule. We get paid when you get paid, therefore, there is no discount for early payment. However, you are free to settle your obligation early if you wish.

Do I have to change credit-card processors?

You may need to change credit-card processors to one that has a relationship with AMC. It is the unique way we collect the future sales you sold us. We interview our affiliated processors thoroughly to make sure they offer the same level of professionalism that you will come to expect from AMC. Additionaly, they guarantee to meet-or-beat your current transaction rate in order to meet your processing needs.