Frequently Asked Questions
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What Business Types Qualify for a Merchant Cash Advance?
Virtually any type of legal business can qualify for a Merchant Cash Advance. Contact one of our Advisors to find out more. Please reach us at contact@asmfunding.com or call (908) 650-6265
How fast can I access my funds?
Once approved, funds can be deposited within same day (during normal business hours).
How can my business qualify for a Merchant Cash Advance?
Primarily, we look for consistent revenue with monthly receipts at a minimum of $7,500, and a minimum of 6 months in business.
What is the interest rate for a Merchant Cash Advance?
A Merchant Cash Advance does not have an interest rate since it is a special type of funding that is an advance against future sales. The "factor rate" of a Merchant Cash Advance varies with each type of business and the amounts and frequencies of receivables, for example.
If I have bad credit, can I still qualify for a Merchant Cash Advance?
Yes, you may qualify for a Merchant Cash Advance even if you have a low credit score since it's mostly based on your business' cash flow/receivables and other business factors.