Q: How can Merchants qualify for Funding?
All Merchants must have been in operation for a minimum of 2 years and have a minimum monthly Visa/ MasterCard revenue of $2,000 verified by the previous 6 months processing statements. The Merchant (or owner) must not be in bankruptcy, nor have any judgments and/or liens.

Q: What determines the amount of funding a Merchant qualifies for?
We determine the amount of funding based on a Merchant’s monthly Visa/MasterCard volume.

Q: How does the Merchant repay the advance?
We deduct a specified percentage of your daily Visa/MasterCard receipts through our credit card processor.

Q: Is it necessary for the Merchant to switch its credit card processing?
Yes, but we aim to offer lower, or at least match the rates offered by your current credit card processor.

Q: How long does it take to repay the advance?
Since this is not a loan, there is no fixed repayment schedule. However, we typically purchase up to six (6) month's of future credit card receivables.

Q: Will the Merchant be penalized if it takes longer than six (6) months?
There is no penalty as long as the Merchant remains in operation.

Q: Do I have to change my POS equipment and software?
No, that is not required. Our parter, Republic Payment Systems supports every type of credit card processing equipment and software.

Q: How long does it take for the Merchant to receive funds?
Once Merchant Funding receives all documents, funds can be made available within one (1) week.

Q: Is it necessary for a Merchant and/or its owners to have good credit?
Not necessarily. Merchant Funding utilizes several criteria in its Underwriting Process. Collecting both personal and business credit information is key to properly assessing risk.

Q: At what point can Merchants qualify for additional funding?
Current participants may qualify for additional funding at any time during the program.