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APPLY
After you fill out an application, call Geroge Tesfa for for " Borrower Authorization Form " Once you signed that and fax it, process will start.
Call George Tesfa @ 832-607-1113 or 713-785-LEND ( 5363 ). Fax to 1-888-225-2843.
| QUESTIONS AND ANSWERS |
What is a BUSINESS CASH ADVANCE?
A business cash advance provides small business owners with access to needed capital. BFS advances money by purchasing a pre-determined amount of the business sales volume sold through a credit card merchant account. |
How long will I have to wait to find out if the Business Cash Advance has been approved?
Approval is usually obtained within 24 hours once required documents are sent to underwriting. Funding usually takes 1-3 weeks, from the date an application is submitted. |
How much can a business qualify for?
Businesses can qualify for $3,000 to $300,000. |
How does BFS determine the size of the Business Cash Advance?
The amount of receipts purchased is determined by the average credit card volume over a 180 day period. We encourage submission of any documentation (bank statements, sales tax receipts) that supports total sales volume in order to be approved for the highest amount possible. We will approve your business for the largest amount possible based upon the documentation provided. |
How does a business repay the Business Cash Advance?
BFS collects a small percentage of each credit card transaction through a preferred processing bank. |
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Does the business receive the same low rates as their existing credit card processing account?
Yes, we will match current processing rates.
APPLY
After you fill out an application, call Geroge Tesfa for " Borrower Authorization Form " Once you signed that and fax it, process will start.
Call George Tesfa @ 832-607-1113 or 713-785-LEND ( 5363 ). Fax to 1-888-225-2843.
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