Transcript Credit Card Factoring: Unlocking Hidden Assets in Your Business

Credit Card Factoring:
Unlocking Hidden Assets
in Your Business
“Quick Access to Working Capital
for Your Business Needs”
About AdvanceMe, Inc.
• Founded in 1998, AMI has funded over $400 million to
more than 10,000 businesses
• Headquartered in Atlanta, AMI has over 175 employees
including:
– A State-of-the-art customer care phone center
– Sales force of over 100 employees and authorized,
independent representatives located throughout the
United States
• Offices in NY and GA
• AMI provides working capital in all 50 states
Marketplace Opportunity
Small Business Administration states, “Inadequate or ill-timed
financing is a major reason for small business failure.”
 Six million small businesses in the United States
 Demand for working capital is fairly constant. All business go
through cycles where additional capital is needed throughout the
year.
 Traditional lenders approve approximately 10-15% of business
owners seeking additional capital. Why?
 No Collateral
 Insufficient time in business
 Business owner has less than perfect credit
What is Credit Card Factoring?
 Credit card factoring provides a fast and quick way for
businesses to obtain working capital by selling their future
credit card sales at a discount.
How does it work?
 The funding amount is based upon the merchant’s current and projected
future Visa and MasterCard sales volume.
 AdvanceMe, Inc. (AMI) will purchase a percentage of that sales volume at a
discount and wire transfer the net amount into the merchant’s bank account.
 AMI receives its payment directly from the credit card processor as a fixed
percentage of the merchant’s daily sales – there is no need for the merchant
to remember to send a monthly payment.
 Funding amounts range from $2,500 to $150,000 per business location.
Who Qualifies?
Any business who…..
 Accepts Visa/MasterCard




Processes at least $2,500 per month in credit card sales
Business is operational at least 3 months
No recent bankruptcies
Tax liens less than $175,000
is a customer!
Typical Uses of Funds
 Opening new
locations
 Purchasing new
equipment &
inventory
 Remodeling
 Paying taxes
 Advertising &
marketing
 Repairs & unforeseen
emergencies
 Payroll
Merchant Benefits
 Quick access to capital - review, approval, & release of funds to the
merchant typically takes just 7 - 10 days
 “Never Say No Program” - Simple, no-fee application
• All merchants who process at least $2,500 of Visa or MasterCard
per month and have not recently filed for bankruptcy qualify
 No fixed collection amounts - AMI captures a fixed percentage of
daily sales, not a fixed sum
 No collateral required
 “Cash flow is King”! Capture marketplace and increase profits with
additional capital to expand business, advertise, buy new inventory
or complete renovations
Contact Information
Joe Tufo
President Cash Flow Specialists, Inc.
800.669.2700
925.352.6000 Cell
[email protected]
www.cashflowspecialistsinc.com