* At least 9 months in business
* Processing statements for previous 4 months of at least $5,000 per month
in credit card sales (exceptions may be made)
* Provide 1 month of bank statements
* Acceptable personal and business credit, typically 500 or greater (exceptions may be made)
* No large tax liens, open judgments or open bankruptcies
* In good standing with landlord and at least 1 year remaining on lease
MERCHANT BENEFITS
* No out of pocket costs
* Easy payback process - no fixed payments $4,000 to $500,000 in
* Fast funding, in as little as 7-10 days working capital
* Approvals in as little as 24 hours when banks are
* Builds business and personal credit unable to serve
* No financials required (under $50,000) their clients with
* Factoring commissions are tax deductible traditional loan
* Complimentary business consulting with professionals products
FAST FUNDING… IN AS LITTLE AS 7- 10 DAYS
1. Agent "CML" contacts the Small Business Owner to discuss the Business Cash
Advance option for creating cash flow for the business.
2. BFS receives pre-applications and preliminary documentation from "CML" Agent.
3. BFS collects the BFS Pre-Application along with a General Authorization Form
that can be submitted through the Internet, email or by fax. (480) 247-5114 FAX
4. A BFS Funding Advisor contacts the merchant to discuss our funding program.
5. The Funding Advisor collects all the required documentation to present to the
underwriting department for Approval.
6. Within 24-48 hours the merchant is contacted to discuss the terms of the
Business Cash Advance.
7. Contracts are delivered via email or fax to the merchant and merchant faxes
back signed contracts then a courier picks up signed executed documents.
6. Agent "CML" or BFS sets up a new merchant account if needed
FUNDING OPTIONS
• BFS provides the merchants with options best suited for each individual
business
• Merchants can choose from the lowest hold back rate to the largest amount of
business
• Merchants can choose from the lowest hold back rate to the largest amount of
advance approved.
• Business Cash Advance has no set term
• Merchant’s sales margins absorb the fees charged for use of the funds
• Business Cash Advance has no set term
• Merchant’s sales margins absorb the fees charged for use of the funds
ITEMS NEEDED CHECKLIST
4 months Visa/MC statements
1 month Business Bank statements (corresponding month as the V/MC statements)
Articles of Incorporation (including online search when available)
Sole proprietors must provide a fictitious name certificate
66% Officers/Partners social security numbers, contact telephone numbers, home addresses
and telephone numbers and all officers ownership percentages
Voided business check
Copy of Driver’s licenses of 66% of owners officers/signers
3 largest vendors are needed with the name of the vendor, contact name, phone and fax
number and account number if applicable
Landlord information – contact name and telephone and fax numbers
Multiple location addresses and telephone and fax numbers with contact names
1 month Business Bank statements (corresponding month as the V/MC statements)
Articles of Incorporation (including online search when available)
Sole proprietors must provide a fictitious name certificate
66% Officers/Partners social security numbers, contact telephone numbers, home addresses
and telephone numbers and all officers ownership percentages
Voided business check
Copy of Driver’s licenses of 66% of owners officers/signers
3 largest vendors are needed with the name of the vendor, contact name, phone and fax
number and account number if applicable
Landlord information – contact name and telephone and fax numbers
Multiple location addresses and telephone and fax numbers with contact names
