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Question: What can CashWorx Solutions do for my business?
Answer: We offer you a way to improve your business for the future by accessing cash now. It’s not a bank loan, so you’re more likely to be approved, and your cash becomes available to you quickly.
Question: Why should I work with CashWorx Solutions?
Answer: We custom tailor our funding programs to meet your unique situation. Our customer service is unparalleled and you will be dealing with the company principals directly on each and every advance. CashWorx offers a fast, smooth and uncomplicated process of funding in under ten days.
Question: How can I use the cash?
Answer: Use the cash any way you see fit. Customers typically use the cash to support or upgrade their business in some way. Maybe you need repairs or inventory. Maybe you would like to expand your present location or simply add a new location. Better still, maybe you’d like to seize an opportunity in your marketplace before a competitor does.
Question: How does it work?
Answer: The funding process is simple. CashWorx Solutions purchases your future credit card transactions and advances that money to you. After receiving your advance, we will deduct a small, fixed percentage of from your daily Visa/MasterCard sales until the advance is paid in full. You keep 100% of your American Express, Diners, Discover, cash and check sales.
Question: What is the interest rate?
Answer: The programs we offer are similar to factoring, there is no interest rate, just a set cost.
Question: Will I qualify?
Answer: If you’ve been in business for over a year and process at least $4,000 in Visa/MasterCard sales each month, you are well on your way to approval. We need to see copies of your most recent three months Visa/MasterCard processing statements and bank statements along with a few other documents.
Questions: Does it cost anything to apply?
Answer: No. There are never any application fees or other ongoing fees.
Question: How long will I have to wait to find out if I have been approved for my cash advance?
Answer: Pre-approval is usually obtained within 24 hours. Funding takes place within 5-10 business days depending on the amount of the transaction and the time it takes to get the necessary documents required to fund.
Question: How much can I qualify for?
Answer: Your monthly credit card volume determines how much you will qualify for. The amount of receipts purchased is determined by your average Visa/MasterCard volume over a set period. We need to see copies of your most recent three months Visa/MasterCard processing statements and bank statements.
Question: How soon can I have the cash?
Answer: After a complete contract is submitted and approved, funding happens in
as little as 5-10 days.
Question: Do I need to change my credit card processor?
Answer: If your current processor is not our preferred processor, then yes. CashWorx Solutions offers its assurance that this change will affect you only in positive ways:
1. Our processing partners offer some of the lowest rates in the industry and supports all major POS terminal brands. The rates and fees will not go higher. Most likely, you will save money on your processing.
2. Your daily business will not be interrupted in any way. You will continue to accept credit cards just as you do now, without changing anything but the sticker on the terminal and some possible minimal re-programming. The process will take less than ten minutes.
Question: Will I receive the same low rates as my current credit card processor?
Answer: We work with an outstanding organization that will match or usually beat your current rates, and will make the transition seamless.
Question: Will I be able to monitor the progress on my account?
Answer: You will get a statement each month from CashWorx Solutions, your credit card statement will show the amounts deducted or just call CashWorx Solutions for the balance.
Question: Who can answer my questions, or help me start the funding process?
Answer: You can reach us at: (801)-708-8438 from 8am – 5pm MST, Monday - Friday, or you can send an email to bbunting@cashworx.com |
