Merchant Cash Advances for Convenience Stores

 

At Quantum we provide Cash Advances for all types of Businesses this is a basic outline for Convenience Stores.

What’s Required to Obtain a Merchant Cash Advance for your C-Store

Merchant Provides:

• Six most recent bankcard processing statements
• One complete, most recent bank statement
• Copy of business license (Liquor, sales tax permit, etc)
• Copy of owner’s driver’s license
• Merchant’s voided check
• Most recent business mortgage statement or rental statement with payment history

Paperwork:

• Administrative Form
• Signed Merchant Cash Advance Agreement

A popular move for c-store owners is to take out a cash advance on future bankcard sales then use the money to buy ATMs for each location then quickly pay off the loan and use the ATMs to generate additional income.  That’s a very popular investment strategy for smart and savvy business owners.

cash advances for convenience stores provide fast access to working capital as an alternative to traditional bank loans. Features to our working capital advance include:

• Funding provided in 7-10 business days after close
• Less than perfect credit is not a “deal breaker” if the business is performing well
• The amount of an advance is primarily based on a merchant’s monthly credit card processing volume
• The amount paid back daily is a fixed percentage of credit card deposits
• The more you sell, the faster the loan gets paid back; the less you sell, the slower the rate of repayment
• Payback ebbs and flows with business receivables
• How a business owner uses the funds is his or her prerogative

Rob Olson
Quantum Merchant Services
Merchant Cash Advance America
1-888-881-0657 ext 707