(619) 591-8010 
Non Traditional Business Loans
iMerchnat Advance looks at small business differently. Traditional – ‘old logic’ – finance companies and banks rely extensively on owners’ personal credit score and personal collateral. iMerchant Advance takes a holistic approach to creditworthiness. Instead of focusing on one or two factors, looking for a reason to say “no,” iMerchant Advance works to find a way to say “yes.” iMerchant Advance uses a vast database containing millions of records and state-of-the art modeling and scoring capabilities to create new ways to underwrite small businesses. iMerchant Advance can approve small businesses that old logic lenders usually decline.
Let’s Look Your Payment Options
Whether you prefer to have payments made through your card processor or to have them deducted from your bank account, iMerchant Advance offers a plan that meets the needs of your business. In either case, iMerchant Advance helps you avoid the burden of a large, fixed monthly payment and the strain it puts on your cash flow.
We offer two payment plans, the Processor Powered Payment Plan and the Weekday Fixed Payment Plan. Both payment plans have their benefits.
Processor Powered Payment Plan
Get the money you need today and make automatic loan payments through your card processor. Each day you batch or download your credit and debit card terminal, your processor forwards the fixed percentage we have agreed upon to iMerchnat Advance. It’s that easy.
Many businesses told us that they didn’t want to be locked into a fixed, daily payment amount. Sounded logical, so, with the Processor Powered Payment Plan, iMerchant Advance allows daily loan payment amounts to ebb and flow with your card sales.*
Weekday Fixed Payment Plan
With iMerchant Advance you not only get cash fast, you also can choose to make fixed payments each weekday, automatically withdrawn from your bank account until the loan is repaid. You know exactly how much you will pay each weekday without having to write one big check at the end of the month so it’s simple, dependable, and manageable
The illustration shows a business receiving a $20,000 loan and iMerchant Advacnce retreiving $25,000 for full payment of the obligation in 12 months.
With the Weekday Fixed payment Plan, the business makes fixed payments each weekday, automatically withdrawn from their bank account until the loan is repaid.
With the processor Powered payment plan when the business batches or downloads their card terminal, their processor forwards the fixed percentage agredd upon to iMerchant Advance.
*Dollar amounts and percentages are for illustration purposes only. Actual dollar amounts and percentages vary by contract.
**Example assumes 30 batches per month. Actual experience may vary.
Need Additional Payment Options?
Even the best run businesses occasionally experience slower sales periods when cash gets tight. Part of the new logic is to know how small businesses function. So, what happens if the amount you send to iMerchant Advance falls short of the total monthly payment due in a given month? iMerchant Advance offers options there, too.
If iMerchant Advance receives at least 80% of the scheduled payments you can either take no action – or you can make a “Catch-Up” Payment for the shortfall. In either case, iMerchant Advance continues receiving the processor payments or deducting the weekday payment amount from your bank account until the loan is paid in full*.
Makes sense for your business, makes sense to us – it’s a new way of thinking about small business credit – it’s IMerchnat Advance: Small Business Big Ideas
Non-Traditional Business Loans Frequently Asked Questions:
What is an iMerchant Advance Non-Traditional Bossiness Loan?
While sharing some attributes of a traditional business loan, an iMerchant Advance Non-Traditional Business Loan allows the business to choose among different payment methods based on what’s best for their business. It is a business loan that stays focused on the business.
Which Businesses Qualify for an iMerchant Advance Non-Traditional Business Loan?
Most businesses might qualify for a Non-Traditional Business Loan, provided they have been under the same ownership at the same location for at least two years, process at least $5,000 per month in credit and debit receipts.
How Much Can My Business Qualify For?
A qualified business could receive up to $150,000 per location.
How Long Does The Approval Process Take?
A pre-approval about 24 hours, funding takes about 10 working days.
Will My Personal Credit Be Reviewed?
Yes. As with any loan, credit history will be reviewed as part of the borrower’s qualification process. It is important to note however, that unlike traditional loans, with iMerchant Advance Non Traditional Business Loans, an owner’s damaged credit history is NOT an automatic disqualifier for the business.
Does The Business Owner Need to Pledge Personal Collateral?
No, owner does not need to pledge personal collateral.
What If I Have Additional Questions?
You can call our Customer Support Center at 1-619-591-8010 between the hours 7:00 AM to 10:00 PM. We will be happy to answer any more questions you may have about our services.
