Your funding is based on your future and past credit card processing sales, and you sell us a fixed dollar amount of those future processing sales at a discount. Through an automated process, we collect a small, previously agreed upon percentage from your daily credit card processing sales.
How do I know if I qualify?
You must have been in business for more than 12 months and have at least $5,000 of credit card sales per month, and meet other simple requirements.
What can I use the money for?
Most of our customers use the cash advance money for business building needs like advertising, adding more seats to their restaurants, or stocking up on seasonal merchandise. Others have used it to buy out a partner or for emergency needs like unforeseen maintenance issues.
How soon can I get the money?
The average time from receipt of a contract to funding is usually under 5 business days.
Do I need to change credit card processors?
Depending on what merchant services company you are currently processing your credit cards through will decipher if you will have to change your current credit card processing company to a preferred partner organization of Greenlight Merchant Capital.
What kind of discount do I get if I pay early?
There is no discount for early payment.
How often are payments deducted?
Once a day. We collect from a small percentage of your daily merchant credit card processing sales.
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Questions / Comments :
Equipment upgrades ?
Crucial improvements ?
Your plans for expansion ?
Anything else that’ll grow your business ?
New promotions and advertising ?
Greenlight Merchant Capital - FAQ
Working Business Capital Cash Advance through your Monthly Merchant Services Sales