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Merchant Cash Advance Loans

Spartan Commercial Mortgage offers Merchant Cash Advance Loans. We offer this product in Connecticut, New York, Massachusetts, Rhode Island, as well as all of New England and the East Coast. Most important about this program is that the application and the underwriting process are easy and fast. Here is an overview of our Merchant Cash Advance Loans:

QUALIFICATION CRITERIA:

  • 4 months of Operation 
  • Minimum average of $10,000 in credit card processing volume in a business bank account

DOCUMENTS REQUIRED TO APPROVE:

  • Signed Application
  • 4 months of business bank statements (all pages)
  • 4 month of merchant processing statement

CHARACTERISTICS:

  • Payments are a daily % of credit card sales
  • Approvals up to 150% of average monthly deposits
  • Funds from $10,000 to $1,000,000 available
  • Rates of $.10 to $.45 for every $1 borrowed
  • Most Important, No pre-payment penalties

BENEFITS:

  • 24 Hour Approvals as well as Same Day Funding
  • No credit score minimum
  • No collateral required 
  • Early payment discounts (in some cases)
  • Available in all 50 States, Canada, and Puerto Rico

DOCUMENTS NEEDED TO FUND:

  1. Copy of Driver’s License and Voided Check
  2. Proof of Business Ownership (Can be Schedule K1/C/G from Business Tax Returns
  3. Business License, if applicable (for example, a restaurant or medical practice)
  4. Business Tax Returns as well as financial statements if loan is above $75,000
  5. Copy of Lease Agreement or Landlord Contact information

In closing, Spartan Commercial Mortgage is here to help. We will work with you every step of the way. Although we specialize in Merchant Cash Advance Loans, we also offer other services. We offer Stated Income Commercial Mortgages, Fix and Flip Investor Loans, Business Loans, as well as Hard Money Solutions.

Call us today for a free consultation or click here to begin the process.

Michael Meyer

President Spartan Commercial Mortgage Services 

mike@spartancommercialmortgage.com  

(860) 876-0572

CTREIA Vendor