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How It Works – Merchant Cash Advance Basics
CashWorx Solutions purchases a portion of your future credit card sales at an agreed upon rate. We then collect a percentage of your daily Visa/MasterCard sales directly from your credit card processor until paid in full. Repayment is automatic. You never have to worry about writing checks, making timely payments, or paying late fees.
For example, CashWorx Solutions will advance your business $40,000 today in exchange for $50,000 of your future Visa/MasterCard sales. CashWorx Solutions then collects a small percent of your daily Visa/MasterCard sales until the $50,000 is collected over a period of 6 months. |
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CashWorx Solutions Merchant Cash Advance Advantages
Offers businesses the fastest, easiest ways to access risk-free capital from $5000 to $150,000.
Funding in under 10 days with no application fees and the process is simple with a one page application.
Instead of requiring collateral, a business plan or high credit scores, CashWorx Solutions determines the amount we advance your business based on your credit card sales. No collateral, business plan, assets or personal guarantees are required. We approve 85% of our clients. And it’s tax deductible.
Renewal is easy. Once you are a CashWorx Solutions customer, getting more money or renewing your advance is even easier. |
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There is never a pre-payment penalty.
You can use your cash for anything. From adding a new location or inventory, to making payroll or paying taxes, to buying advertising or direct mail, the cash advance is yours to use in any way you choose to grow your business.
You pay as you grow. The merchant cash advances are paid for with a percentage of the Visa and MasterCard transactions only. If your credit card volume is down, then the amount collected by Cash Worx is less and vice verse when volume is up. |
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- Completely automated process.
- CashWorx Solutions gets paid only when you get paid. |
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Qualification and Funding
To qualify, you must: |
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- Have a fixed business location.
- Be in business for 1 year or more.
- Have a minimum monthly credit card volume of $4,000.
- Have no open judgments and no bankruptcy discharges in the last 12 months. |
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| Once approved you will immediately receive the funds via bank wire into your business bank account, the whole process from initial contact to funding is usually less than ten days. |
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