Cash Advances

Speedy Merchant Account’s Cash Advance Program offer businesses an affordable funding solution. The cash advance can be used to fund any aspect of your business including:

• Advertising
• Paying Taxes
• Payroll
• Improvement of Facilities
• Purchasing/Upgrading Equipment
• Opening a New Location
• Paying Operating Expenses
• Getting Through the Slow Periods

There is no fixed time schedule of repayment and no fixed interest. Instead, an agreed upon, small fixed percentage is deducted from your daily credit card batch. Therefore you are always paying back a small portion of the cash advance. When the business volume is down, the amount deducted is scaled down. This helps you manage cash flow and survive slow periods.

If your company currently processes credit cards through Speedy Merchant Account you WILL be approved for a business cash advance. Your cash advance will be deposited in approximately 3 – 5  business days. In some cases, funds can be deposited next business day.