Phoenix Merchant Processing ~
Cash Advance FAQs

Top Six Cash Advance FAQs:

1. Q. How do I qualify?
   
   A. You must have at least $2,500.00 per month in Visa/MasterCard sales and provide statements for the last four consecutive months. You must also meet our basic underwriting requirements.


2. Q. What if I already have a business loan?
   
   A. Our product is an advance, not a loan. As long as you meet our requirements, we can still provide you with immediate cash, without affecting your obligations.


3. Q. Does Phoenix Cash Advance look into my personal credit history and will it affect my credit report?
   
   A. Our business-friendly scoring method includes a review of your personal credit, but it does not require personal guarantees nor will it affect your credit report. There are no fees, points or fixed monthly payments.


4. Q. Do I have a choice of cash advance programs?
   
   A. Phoenix Merchant Processing Cash Advance offers three different types of programs.
   1. Independent Funding - designed for start up companies or companies in business for less than one year. Cash advances are $2,500.00 to #36;100,000.00.
   2. Growth Funding - designed for companies in business longer than one year. Cash advances are $2,500.00 to $150,000.00.
   3. Freedom Funding - designed for well-established companies in business for at least two years. Cash advances are $15,000.00 to $150,000.00.


5. Q. How long does it take to get approval?
   
   A. Applications are usually approved within 24 hours. At Phoenix Merchant Processing Cash Advance, we approve over 90% of our applicants.


6. Q. How can I apply for a cash advance?
   
   A. You can contact us directly at (866)749-7199.