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What We Do
Spectrum Merchant Services, in conjunction with our funding partner, provides "credit card receivables financing" to restaurants, retailers and small businesses secured by the cash flow from your future credit card transactions.
Your previous month's receipts are analyzed and a cash advance is made against your anticipated future monthly credit card revenue.
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| How It Works |
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Our Program Offers:
- High Approval Rate (you must be current with your landlord and have no open bankruptcies)
- Funds typically available in 7 days or less
- Up to $125,000 per location or up to $350,000 for multiple locations (the amount we can advance you is based on how much monthly Visa/MasterCard sales you do each month.)
- No extensive paperwork or tax returns required (Compared to a small business loan that can require complete financials and an enormous amount of paperwork).
- Depending on your business type and processing volume, we can advance you up to 50% more than your business' monthly processing average.
- You are free to use the funds however you choose.
Program Requirements:
- You must be in business at least 1 year (as few as 30 days for Restaurants)
- You must process at least $2,500/month in Visa/MasterCard for at least a period of three months
- You can not have any open bankruptcies in the last 12 months
- You must be current with your landlord
- Provide four months recent Visa/MasterCard merchant statements
- Provide four months recent bank statements
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©2001-2008 Spectrum Merchant Services. All rights reserved.
Spectrum Merchant Services is a registered ISO/MSP of Wells Fargo Bank, N.A., Walnut Creek, CA
and of BancorpSouth Bank, Tupelo, MS.
American Express requires separate approval.
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