Many startup company business owners become excited by the idea of being able to receive funding for their business through a merchant cash advance. That’s until they discover that the majority of Merchant Cash Advance companies cater to existing business owners.

Most cash advance companies require business owners to show the first 4 -5 months worth of bank statements. They need to see a healthy amount of credit card transactions from your business.  An example of a healthy monthly credit card transaction would be earnings of $2,000, $5,000, $10,000+. 

As mentioned in our previous posts, a merchant cash advance is a great alternative to small business funding.

Is your business eligible for a merchant cash advance?

There are many types of businesses eligible for merchant cash advance funding. The following businesses are eligible for a merchant cash advance:

• Restaurants
• Cafés/Coffee Shops
• Retail Stores
• Book Stores
• Wholesale Distributors
• Auto Shops
• Online Stores (most)
• Dentists Offices
• Furniture Stores
• Grocery Stores
• Auto Body Shops, etc.

To find out if your business is eligible for merchant cash advance funding or credit card terminal information call 866.541.8472.

For more information about accepting credit cards, visit us online at www.allstatemerchants.com and learn how you can save money on your merchant processing services today.

Allstate Merchant Services, LLC, AMS, www.allstatemerchants.com, www.merchantcms.com, 866-541-8472, 40 Rector Street, 11 Fl. New York, NY 10006