funding q&a-merc


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Merchant Cash Advance

(click on question for info)

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[su_spoiler title=”How do I know if I qualify for a Greenlight Capital Funding Merchant Advance?” open=”no”]

  • Have been in business for at least six months.
  • Minimum of $5,000 in monthly credit card sales.
  • No open bankruptcies.

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[su_spoiler title=”What are some of the reasons I may be denied a Greenlight Capital Funding Merchant Advance?”]

  • Have been in business for less than six months.
  • Open bankruptcy.
  • Bad landlord reference; behind on rent is ok if reference is positive.
  • Significant judgments and/or liens without a payment plan.

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[su_spoiler title=”Do I need to accept Credit Cards?”]

Yes you must accept credit cards to participate in a Greenlight Capital Funding Merchant Cash Advance. If you do not accept Credit Cards, contact us about a Greenlight Funding Small Business Loan.

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[su_spoiler title=”Do I need to switch my credit-card processor to Greenlight Capital Funding Merchant Advance’s processor?”]

In some cases. The structure of every deal is slightly different based on your business. You may need to switch processing to an approved processor but this is not always the case. When a switch is required Greenlight Capital Funding will make certain to match or beat your current processing rates. A simple reprogramming of your current processing terminal is all that is needed to make the transition.

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[su_spoiler title=”Are there any restrictions on how the Greenlight Capital Funding Merchant Cash Advance can be used?”]

No restrictions whatsoever. You are free to decide where the money is needed most.

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[su_spoiler title=”Does the business owner have to personally guarantee or pledge collateral for the Greenlight Capital Funding Merchant Cash Advance?”]

No, we do not require a personal guarantee nor do we require pledged assets or collateral.

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