velocity merchant services merchant cash advance
TRANSCRIPT
What Is Fast Cash?
• Merchant Cash Advance• Sale of a portion of future credit card
receivables
• Flexible Repayment Process• No late fees, no fixed payments• FLAT payback amount. NO interest rate.• No collateral
• Up to $250,000 in 72 hours
When banks say NO, we say YES!
How Does It Work?
Merchant
Advance
Funder
Processor
How Do I Get Started?
1. 3 months’ processing
statements
2. 3 months’ bank statements
3. Photo ID
4. Voided Check
5. Completed Pre-Application
We work with you to pair you with an advance company that suits your needs.
VMS handles your daily batch “splits”
What Can I Use Fast Cash For?
Courtesy of EntrustCashAdvance.com
- Flexible Repayment- Processed Faster High approval rate
- Alternative to a regular loan- No personal guaranties
- High Equivalent Interest Rate (60-200%)
- Must Process Credit Cards - Not for startups
Fast Cash Pros & Cons
Acceptable Merchant Criteria
Min
imum
of• 30 transactions per
month • 15 batches per month• $5k avg. CC volume for 3
most recent months• 6 months of Ownership• 80% > swipe• Average ticket < $500
Math performed by Amoritization-calc.com
Thank you for watchingFast Cash In A Nutshell!
Questions?
9