FIF

How do I qualify for funding?

• The criteria for qualification are very simple: we want to verify that you have been in business for at least one year, that you have positive trade references, and, that if you lease space the lease has at least one year of remaining term. We also want to verify that you are current on your rent or mortgage. We also need to see a report of your past four months of credit card receipts.

How long does the approval process take?

• We can generally approve funding within 48 hours of the application.

If approved, how long before I will be funded?

• We generally wire the money within 24 hours of approval.

How is your program different from a bank loan?

• Your credit card processor will deduct an agreed percentage each month from your Visa and MasterCard sales. We show you upfront what percentage is deducted until we are paid the amount of future sales agreed to. Typically, based on your credit card sales history, we try to set up a program in which our purchase of credit card sales will be completed in six to seven months. The actual time could be sooner or later than this depending on the volume of your sales. You retain 100% of sales in the form of checks, cash, and credit cards other than Visa and MasterCard.

How much funding can I qualify for?

• The amount of funding we will advance is determined by an average of your monthly credit card sales. The funding we provide may be as little as $5,000 or as much as $250,000. In addition, if a business has multiple locations, the amounts above can apply to separate locations.

Do I have to change to a different credit card processor than the one I now use?

• You will have to change if you are not currently processing with one of our processors who are set up to work with our funding program. However, we generally find that we are able to reduce your processing costs and give you significant savings as an added benefit. You will not have to change any processing equipment as this can be reprogrammed in a short phone call.

What financial information am I given?

• We provide our merchants with a monthly report showing how much has been deducted each month and the balance that is due.

What am I allowed to do with the funds I receive?

• The answer is you can use the money in any way you desire within your business. Our merchants typically use funds for purchasing inventory, capital improvements and expansion, payroll, purchasing advertising at a discount, paying off debt, and many other related uses.

What percentage of applicants qualify?

• Our history shows that our approval rates run over 97%.

How are you able to provide this funding when banks or other funding sources won’t do so?

• Our niche in the market is the small to medium businesses that often falls under the radar of most institutional lenders. The reason we can take the risk of funding a smaller business that banks will refuse is because we are focused on the reliability of your future sales and try to match our funding to a reasonable expectation of the continued success of your business.