AMG Toronto - Cash Advance

By: Amg Toronto  09-12-2011
Keywords: credit card, Credit Card Processing, Card Processing

With a business cash advance, AMG Toronto purchases a fixed amount of your future credit card sales. In return, we provide you with the money necessary to keep your business going. As part of your daily routine, you continue to accept credit card payments that are then reported to credit card processing companies as batches of transactions. The processing company then reports to us the amount of money in batches that your business has processed. We then use the Automated Clearing House (ACH) network to deduct your business’s bank account in order to collect a small percentage of the credit card receipts. This process is repeated daily over a period of several months until the full amount is collected. Since repayments are linked to credit card receivables, we will not get paid until the merchant gets paid thus helping the customer manage the cash flow of the business, especially useful during slower months.

There are no restrictions on the usage of business cash advances. Often times, our clients use these advances for expansion, purchasing equipment and inventory, remodeling, advertising programs, marketing, recruitment, payroll, consolidation, emergencies, and many other reasons.

To get started, please call 1-877-887-9473

Fast, unsecured financing:
  • One-page application
  • Receive the funds in 5-7 days
  • No upfront costs or hidden fees
  • Poor personal credit is OK
  • Payback is tied to credit/debit card receipts, not a fixed schedule
  • You can use it as a revolving line of credit - additional funds are quick to obtain
Your business qualifies if:
  • You have been in business for at least a year
  • You have been accepting credit/debit for payment for at least 6 months
  • You process at least $5,000 per month in credit/debit transactions
  • Your business is located seperately from your home
  • You are not in bankruptcy

Flexible Programs to Fit Every Merchant
Platinum Program: If your business is processing at least $25,000 a month in credit card sales and has exhibited stable growth, you'll probably qualify for our Platinum Program with extremely competitive advance rates. Around 40% of applicants qualify!
Standard Program: Businesses that process lower amount or have credit issues usually qualify for our Standard Program. With our proprietary risk model, we are bale to fund many merchants that other cash advance companies will not consider.
First Up to Bat Program: For merchants with highly volatile business history, signigicant credit problem, or extraordinary risk factors we have the First Up to Bat Program. You get a standard 6 or 7 month advance duration, but at a slightly lower advance rate.

The information in this article was current at 06 Dec 2011

Keywords: Card Processing, credit card, Credit Card Processing

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