Better Than A Business Loan!
Today’s economy is rough for business owners looking for a business loan. The easy alternative is a business cash advance. Regular business loans come with many obstacles for a small business owner including a drawn out approval process, stacks of paperwork, low approval rates based on top FICO scores, collateral and personal guarantees for security, fixed payments monthly, and restrictions on use of funds.
Paramount Payment System’s cash advance solution offers a streamlined process requiring an initial ONE page of information. This then gives immediate access to unsecured funding from $2,500 – $600,000. With minimal credit requirements, approvals are high and repayment is flexible and tied directly to your business’ credit card processing. All of these features create immediate access to working capital funds for use on any need including:
- Remodeling
- Inventory/Merchandise purchasing
- Equipment Purchasing
- Repairs
- Debt pay off
- Expansion
- Emergency Funds
How It Works
A cash advance converts future credit card receivables into immediate cash for you to use for your business. Repayment is based on a small fixed % of those future credit card receivables. Repayment is automatically deducted from your credit card batch settlements until your cash advance balance is satisfied. In short,
we don’t get paid until you get paid. This helps you maintain cash flow in your business during slow months.
Cash Advance vs. Traditional business loan
- No Personal Guarantees
- No collateral pledge on home or business
- No points
- No fixed payment schedule
- No coupons or checks to write
- No impact on your ability to qualify for other financing
- No business use restrictions on the funding
- No hassles – quick application and funding
- Deal direct with funding source
- Experienced in Cash advance industry funding to many locations including USA, Canada and United Kingdom
- No UCC-1 filed at time of funding
- 3 Different funding programs to help maximize cash
- Member of Better Business Bureau
- Broader funding range
- Trusted associations with 85% of qualified merchants renewing their cash advance.
Getting Started is Easy
Call 1-866-663-0810 today to get a free application. You will receive funding within 10 business days. With no fixed monthly payments, a small % of future credit card sales will repay your obligation.
