Merchant Cash Advance FAQ

1. How do I get started?
2. What can a cash advance from Gravity Payments do for my business?
3. How can I use the cash?
4. How does it work?
5. Will I qualify?
6. How long will I have to wait to find out if I have been approved for my cash advance?
7. How much can I qualify for?
8. How soon can I have the cash?

How do I get started?

It’s simple. Click here or call 866-701-4700 and we’ll walk you through the process today!                

What can a cash advance from Gravity Payments do for my business?                         

We offer you a way to improve your business for the future by accessing cash now. It’s not a bank loan, so you’re more likely to be approved, and your cash becomes available to you quickly.

How can I use the cash?

Use the cash any way you see fit. Customers typically use the cash to support or upgrade their business in some way. Maybe you need repairs or inventory. Maybe you would like to expand your present location or add a new location. Better still, maybe you’d like to seize an opportunity in your marketplace before a competitor does.

How does it work?

The funding process is simple. Gravity Payments has a partnership with Merchant Cash & Capital. Merchant Cash & Capital purchases your future credit card transactions and advances that money to you. After you receive your cash, Gravity Payments will deduct a small, agreed upon and fixed percentage of your daily credit cards sales until the advance is paid in full. You’ll never have to write a check or worry about late payments.  

Will I qualify?

If you’ve been in business for over a year and process at least $4,000 in credit card sales each month, you are well on your way to approval.

How long will I have to wait to find out if I have been approved for my cash advance?

Pre-approval is usually obtained within 24-48 hours. Funding can take as little as 7 business days depending on the amount of the transaction and the time it takes to get the necessary documents required to fund.

How much can I qualify for?

Your monthly credit card volume will qualify you for $3,000 to $125,000. The amount of receipts purchased is determined by your average Visa/MasterCard volume over a 90-120 day period.

How soon can I have the cash?

After a complete contract is submitted and approved, funding can happen in as little as 10 business days.

Are you ready to apply? Contact us and we’ll get you started today.