Credit Card Split Funding

This is a one time, lump sum advance in exchange for a percentage of your future sales. A credit card split funding is not a loan, has no interest rate and will not appear in your balance sheet as financial debt. This provides an alternative financial solution for business owners that do not qualify for a short term loan.

• Funding max of $500,000

• Term lengths between 3 and 12 months

• Factor rate from 1.21

• No collateral required

• Repayment is made with a fixed percentage of daily credit card sales

• The difference between the amount you receive and the amount of your future sales you sell is tax deductible (consult your accountant)

• Builds business credit

• Same day approvals

• Funding within 2 business days

  
  

Example:

1.   You agree to sell $24,000 of your sales over the next 12 months, for $20,000 today.

2.   Every business day, for the next 12 months, a small percentage (usually 10% or less) of your daily credit card processing sales is remitted to the purchaser via automated split from your credit card processing settlements.

3.   Rather than a fixed dollar amount, this is a fixed percentage that fluctuates based on sales. Assuming average daily sales of $2,000 and a remittance of 5%, your average daily payback will be $100. On days with higher sales, the dollar amount will be higher. On days with lower sales, the dollar amount will be lower.