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Cash Advances & Unsecured Loans Rochester, NY

About Cash Advances & Unsecured Loans

Need additional funds to expand your business?

We can help you with a cash advance. The process is simple, quick and easy. The only caveat is that you need to be processing credit cards for at least one year to be eligible to get a cash advance.

Some business owners find it difficult to get unsecured loans from banks to expand their business. Poor credit, and type of business are two of the primary reasons banks do not loan money to small business. First Capital Payments understands these difficulties. We can help with a quick unsecured cash advance

.

A business cash advance does not require collateral; it is easily available within days of application. An unsecured cash advance is not the same as an unsecured loan. To put it simply you sell your future credit card processing sales to us at a discount and receive cash immediately. Once the cash advance is approved, a percentage of daily sales are used to repay the cash advance. The amount withdrawn from your bank is not fixed; it varies as your sales volume varies. These cash advances are usually repaid within six months.

What is a Cash Advance?

An unsecured Cash Advance is not the same as an unsecured loan. It is a cash advance on future credit card sales.

What are the fees?

Payment varies depending on (a) the type of business and (b) the customer's credit score.

How long does it take to pay it back?

Payment is usually somewhere between 6.5 to 9 months

What much is my monthly payment?

Payment is done daily. Approximately 20% of daily sales goes towards repayment of cash advance.

How much can I borrow?

We can loan up to $ 2,000,000. However the amount you receive depends on your monthly credit card sales.

 

Cash Advance versus Bank Loan

 

Cash Advance

Traditional Bank Loans

No Collateral

Usually requires collateral

Quick & easy-Need 6 months credit card processing statement & lease agreement

Long & complicated procedure
Requires business plans, audited tax returns,

Repayment is based on daily credit card sales. No sales no payment

Fixed amount paid every month. No Sales still requires monthly payment.

Does not require high credit scores

Needs good credit rating to get loan

Available to all businesses

Some businesses are considered high risk-restaurants, service stations etc

Higher fees

Lower fees

Must be in business for at least one year

Could be a new business

Must accept credit cards

Not required to accept credit cards

Repaid usually within 7 months

Could be repaid over a longer period

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Please call 1-877-506-9746 to speak to a Business Solution Provider and check if you are elegible to start enjoying the benefits of the best cash advances Rochester, NY has available.

 

Cash Advances Rochester, NY

We are currently offering our small business unsecured loans and cash advances to Rochester, NY, Tampa, FL, Buffalo and Syracuse areas.

Call Now at 1-877-506-9746

First Capital Payments is powered by First Data

First Capital Headquarters
120 Main Street East - Rochester, N.Y. 14604
Phone: 585-325-4010 .:. Toll Free: 1-877-506-9746 .:. Fax: 585-325-4013
support@FirstCapitalPayments.com