Merchant Cash Advance
From (SBAC) Small Business Assistance Center Of Tennessee
Small Business Assistance Center Of Tennessee
Cash Advance Program
It’s easier than ever to get the cash you need to build your business. The SBAC merchant cash advance program helps you by turning your future credit card sales into working capital. Imagine what that could mean for your business. You can upgrade or purchase new equipment, make renovations, expand your business, purchase inventory and much more.
Benefits for Business
With a simple, application form and no application fees, you can make use of cash advance funds in as little as 3-5 days. We qualify your business for an advance amount based on your average monthly Visa/MasterCard processing. Rather than make set payments on a monthly basis, you agree to have a small percentage of your daily credit card sales withheld to repay the cash advance. This percentage is automatically taken from your daily credit card processing settlements with (SBAC) Small Business Assistance Center Of Tennessee.
You have complete flexibility on putting your cash advance funds to work:
- Website Development
- Working Capital
- Replenish Inventory
- Upgrade Equipment
- Advertise / Promotions
- Get approved quickly with minimal documentation required
- High approval rates
- Receive funds in as little as 3-5 days
- Repay the advance daily through your merchant processing
- Opportunity to renew your cash advance for additional funds
- Signed application
- Six most recent merchant processing statements
- Two most recent bank statements. All pages are required.
- Copy of state-issued driver’s license or passport
The advance can be used for any legitimate expense to help grow your business.
Payments are taken directly from your daily MasterCard and Visa credit card deposits. The daily withhold percentage is based on your credit card volume. (Typically ranging between 10% to 20%)
There is no penalty for paying off the balance early.
Yes, credit card processing must go through SBAC?
Call SBAC customer service team at (865) 659-0987 or email us firstname.lastname@example.org
Contact Us To Get Started
Get your cash in as little as 72 hours.
Small Business Assistance Center
12169 Warrior Trail
Knoxville, TN 37922