Credit Card Financing
If you utilize credit card processing for payment from customers /clients, you can receive business capital for your cash flow needs! This type of funding applies to most companies.
Fees: Based on approved qualified amount
Minimum CC Volume: $2,500
Qualification: Most businesses utilizing credit card processing for payment of goods and/or services from customers / clients.
Disqualification: Varies depending on lender.
Requirements: Varies by Lender, could include:
- Must have a business store-front location
- Client Questionnaire
- KPR's Authorization to Release Information
- Application
- Most recent 3 - 6 months of credit card statements
- Bank Statement and Voided Check
- Copy of Lease Agreement
- Landlord Authorization, if applicable
- Copy of License to conduct business
- A picture ID of principal
Company Types: Restaurants, Bars, Boutiques, Hotels, Retail Shops, Family Owned Businesses, Jewelry Stores, Hair Salons, Servers and Processors, Flower Shops, Health Food Stores, Book Stores, Bridal Services, Electronic Boutiques, Baby and Children’s Boutiques, Gourmet Shops, Hardware Stores, and many other businesses!
Closing Times: Normally 7-10 business days; depending on clients’ need and speedy.