(619) 591-8010 Frequently Asked Questions
How long does it take to get approved for funding?
Why is iMerchant Advance the most flexible option available to manage my cash flow needs?
How do I know how much I have left to pay?
I can’t find any unsecured small business loans, can you help me?
Are merchant cash advances a good alternative to bad credit business loans?
Do I need to change credit card processors?
Who can I contact to learn more?
Does iMerchant Advance require a personal guarantee?
What can the Merchant Cash Advance be used for?
Is there an application fee?
NO. There is no cost or obligation associated with submitting the application and processing statements. Once submitted we will provide you a proposal for funding and you can make the best decision for your business.
How does the program work?
We purchase a set dollar amount of your future credit card sales at a discount; in exchange we pay you cash today. Then, through an automated process, we seamlessly collect the set dollar amount by taking a small percentage from each of your future credit card transactions. Our unsecured small business cash advance program is a terrific alternative to those who have been unsuccessful in obtaining bad credit or business bank loans.
How long does it take to get approved for funding?
iMerchantAdvance could approve an application within 24 hours and fund within 7 to 10 business days after approval. Unlike small business loans or bad credit business loans; that may take weeks to obtain or even receive an answer, we work quickly to get you the cash you need.
Why is iMerchant Advance the most flexible option available to manage my cash flow needs?
We are not a lender or a traditional source of financing! No hoops to jump through, no personal guarantees, no tax returns on advances < $100,000, no liens, no cumbersome fixed loan repayments keeping you up at night and no bankers saying “no.” Unlike bank loans and unsecured small business loans, there are no fixed payments to worry about. We simply buy a portion of your future credit card receipts; in exchange we pay you cash today and, here is the best part, we only get paid as quickly as your business allows. In other words, the amount that you pay iMerchant each month is determined by how well your business performs. We are true partners in your success.
How do I know if I qualify?
If you have been in business for at least 6 months, have at least $5,000 of monthly credit card receipts, and meet some other simple requirements, you will most likely qualify. Submit an application today to get the process started. Click here to start the application process. 
How do I know how much I have left to pay?
We send you a monthly statement. You can also track your payments through our secure merchant web login.
I can’t find any unsecured small business loans, can you help me?
Yes! Although, this is not a loan the advance is unsecured. Nor do not require collateral, lien assets or personal guarantors. Our approval decision is based on the performance of the business.
Are merchant cash advances a good alternative to bad credit business loans?
Yes! The truth is that bad credit business loans are very difficult to obtain. We are not a lender! Our unsecured small business financing is actually an advance against future credit card sales. Use the power of your future sales to get the cash you need today!
How do I make payments?
We take a set percentage daily from your credit card sales making sure to leave enough for you to still operate your business profitably. There are no payment coupons, late fees or prepayment penalties.
Do I need to change credit card processors?
You may need to change credit card processors. Since this is not a loan you are not billed monthly. The advance is on purchased receivables and payback is automatically retrieved on a daily basis from your credit card processing at a set percentage.
Remember our success is your success so we would need you to process with one of our preferred processors.
Who can I contact to learn more?
You can call our Customer Support Center at 1-619-591-8010 between the hours of 7:00 am and 10:00 pm PST. We will be happy to answer any more questions you may have about our services.
Does iMerchant Advance require a personal guarantee?
No. Our financing does not require a personal guarantee. Individuals, however, may be liable in cases of fraud, intentional misrepresentation and as further detailed in the contract.
What if I already have a business loan?
Our product is an advance, not a loan. As long as you qualify and meet our requirements we can provide you the cash very quickly without affecting your other obligations. Whether you have a secured business loan, a bad credit business loan or unsecured small business loans we can still work with you. Furthermore, because our obligation does not appear on your credit report as a trade line we do not encumber you and your business from receiving a loan once we are in place.
I have a merchant cash advance with another company, can iMerchant Advance replace that arrangement and offer me more money?
We often offer larger advances at better terms then our competitors and will pay off your existing advance if it is in your business’s best interest. Contact us and find out how much you are qualified to receive – please have your current advance balance from your current provider available when you call.
What can the Merchant Cash Advance be used for?
iMerchant Advance places no restrictions on how you choose to use the cash. Common uses include the purchase of inventory, purchase of equipment, remodeling, expansion, pay off debt and taxes.
