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Questions and Answers:I have bad credit and have been turned down for a bank loan.What can Merchants Capital do for my business?We offer you a way to improve your business for the future by accessing cash now. It's not a bank loan, so you're more likely to be approved, and your cash becomes available to you within days. How can I use the cash? Use the cash any way you see fit. Customers typically use the cash to support or upgrade their business in some way. Maybe you need repairs or inventory. Maybe you would like to expand your present location or simply add a new location. Better still, maybe you'd like to seize an opportunity in your marketplace before a competitor does. How does it work? The funding process is simple. Merchants Capital purchases your future credit card transactions and advances that money to you today. After you receive your advance, your processor will deduct a small, fixed percentage from your daily credit cards sales until the advance is paid back.

Will I qualify? If you take credit cards as a form of payment...you qualify! Credit score is NOT a factor with our underwriting. We know that most business owners put everything they have into their business including financing, which usually results in a low credit score. Our underwriters look at the business and the credit card sales that it is producing every month. They do NOT look at the credit history of the owner. How long will it take to find out if I am approved? Pre-approval is obtained within 1 hour. Funding can take as little as 3 business days depending on the amount of the transaction and the time it takes to get the necessary documents required to fund. How much can I qualify for? Your monthly credit card volume will qualify you up to $300,000. The amount of receipts purchased is determined by your average Visa/MasterCard volume over a 90-120 day period. How soon can I have the cash?This all depends on the customer. Once one of our account executives receives a completed application and 3 merchant statements, we can wire the funds within 48-72 hours. Do I have to change my credit card processor? Merchants Capital gives you the option to either stay with your current credit card processor OR switch to one of our preferred processors where we can SAVE YOU MONEY on your fees every month.

Will I be able to monitor the progress on my account? You can log on to our website to view your every detail of your account or you can call our customer support on our toll free number 24 hours a day, 7 days a week. Is there a penalty for paying back the advance early? No. You can always pay off the balance remaining on the advance at any time.

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