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merchant cash advance

Credit Cards Processing Company Harbortouch Office dba Main Street Business Loans Now Providing Strategic Funding Loans

business cash advance

Call 502-222-8871. Merchant Cash Advance (MCA) and Main Street Business Loan (MSBL) are available in all 50 States; known as Strategic Funding. First download Adobe Fill & Sign Mobile from Google Play Store or iTunes App Store.

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Products Information

MCA - (Traditional) Merchant Cash Advance
  • The majority of merchants will fall into this program
  • Minimum advance amount: $5,000
  • Maximum advance amount: $3,000,000
  • Maximum advance terms is 12 Months (estimate)
  • Maximum amount of a current advance we'll payoff: Up to $50,000
  • Have a Business Checking Monthly NSF Minimum of: 9 or Less
  • Amount of monthly credit card processing (at least 60 days) volume required: $7,500 Minimum
  • Amount of processing batches required: 12 Per Month Minimum
  • Time in business: 2 Months (500 Fico Score or higher)
  • Ideal for brick and mortar retail locations with small tickets and daily batching.
  • Merchants usually approved for up to 80-100% of their average monthly processing volume.

 

Traditional MCA Program requirements:

  • Process credit/debit cards at least 12 days per month
  • Must be current with landlord
  • No open bankruptcies in the last 12 months
  • At least 12 months must be left on lease if renting the business location
  • Application (completed by at least 51% of ownership)
  • Last months' business checking account statement (all pages)
  • Copy of Driver's License (or gov-issued ID)
  • Last 4 months processing statements
  • Proof of Business Ownership
  • Voided check
  • Completed, signed landlord disclosure form
  • Deals $75,000 and above will require additional paperwork like 2 years business and/or personal tax return.
MCA - Trial Advance Program
  • Designed for merchants who are lacking in one of our approval requirements of lease/mortgage standing, credit score, or small liens.
  • Minimum advance amount: $5,000
  • Maximum advance amount: $50,000
  • Maximum advance terms is 3 to 6 Months (estimate)
  • Maximum amount of a current advance we'll payoff: You must have a $0 balance
  • Have a Business Checking Monthly NSF Minimum of: 9 or Less
  • Amount of monthly credit card processing (at least 60 days) volume required: $7,500 Minimum
  • Amount of processing batches required: 12 Per Month Minimum
  • Time in business: 2 Months (500 Fico Score or higher)
  • Qualify for 25-35% of their average credit card volume.
  • Excellent renewal opportunities

 

Trial MCA Program requirements:

  • Process credit/debit cards at least 12 days per month
  • Must be current with landlord
  • No open bankruptcies in the last 12 months
  • At least 12 months must be left on lease if renting the business location
  • Application (completed by at least 51% of ownership)
  • Last months' business checking account statement (all pages)
  • Copy of Driver's License (or gov-issued ID)
  • Last 4 months processing statements
  • Proof of Business Ownership
  • Voided check
  • Completed, signed landlord disclosure form
  • Deals $75,000 and above will require additional paperwork like 2 years business and/or personal tax return.

MCA - Platinum Program
Strategic's Platinum Merchant Cash Advance Program is exclusively for businesses with a stronger credit history.
  • Factors range between approximately 1.19% 1.349% over an estimated 15 months.
  • Minimum advance amount: $5,000
  • Maximum advance amount: $3,000,000
  • Maximum advance terms is 15 Months (estimate)
  • Maximum amount of a current advance we'll payoff: Up to $50,000
  • Have a Business Checking Monthly NSF Minimum of: None
  • Amount of monthly credit card processing (at least 60 days) volume required: $20,000 Minimum
  • Amount of processing batches required: 12 Per Month Minimum
  • Time in business: 2 Years (640 Fico Score or higher)
  • Excellent renewal opportunities
  • Stricter underwriting requirements. Lower cost Program
  • Fast and easy alternative to a traditional small business loan
  • Approvals as fast as 24 hours and funds typically available within 7 days or less.
  • Typically lower withholding percentages from your daily credit card sales.

 

Platinum MCA Program requirements:

  • Must be current with landlord
  • No open bankruptcies in the last 12 months
  • At least 12 months must be left on lease if renting the business location
  • Application (completed by at least 51% of ownership)
  • Last months' business checking account statement (all pages)
  • Copy of Driver's License (or gov-issued ID)
  • Last 4 months processing statements
  • Proof of Business Ownership
  • Voided check
  • Completed, signed landlord disclosure form
  • Deals $75,000 and above will require additional paperwork like 2 years business and/or personal tax return.

MSBL - (Trial) Main Street Business Loan
  • Average MSBL funding size is nearly double that of a MCA
  • Minimum loan amount: $5,000
  • Maximum loan amount: $50,000
  • Program loan terms is 5 Months
  • Have a Business Checking Daily Bank Balance Minimum: $1,500
  • Have a Business Checking Monthly Deposit Minimum of: 8
  • Have a Business Checking Monthly Negative Account Days Minimum of: 3
  • Have a Business Checking Monthly NSF Minimum of: 5
  • Business Monthly Gross Sales Minimum: $25,000
  • Fixed daily payments/direct ACH (Monday-Friday)
  • No credit card processing volume required
  • Time in business: 6 Months (500 Fico Score or higher)
  • Less documentation needed than a bank loan
  • Future delivery accepted
  • High approval rates
  • Financing up to 10 %-11% of the gross yearly sales
  • Premium pricing available

 

Trial Main Street Business Loan requirements:

  • Must be current with landlord
  • No open bankruptcies in the last 12 months
  • At least 12 months must be left on lease if renting the business location
  • Application (completed by at least 51% of ownership)
  • Last months' business checking account statement (all pages)
  • Copy of Driver's License (or gov-issued ID)
  • Last 4 months processing statements
  • Proof of Business Ownership
  • Voided check
  • Completed, signed landlord disclosure form
  • Deals $75,000 and above will require additional paperwork like 2 years business and/or personal tax return.
main street business loansView this productmain street business loans
MSBL - (Standard) Main Street Business Loan
  • Average MSBL funding size is nearly double that of a MCA
  • Minimum loan amount: $5,000
  • Maximum loan amount: $3,000,000
  • Program loan terms is 10 months
  • Have a Business Checking Daily Bank Balance Minimum: $500
  • Have a Business Checking Monthly Deposit Minimum of: 8
  • Have a Business Checking Monthly Negative Account Days Minimum of: 3
  • Have a Business Checking Monthly NSF Minimum of: 5
  • Business Monthly Gross Sales Minimum: $5,000
  • Fixed daily payments/direct ACH (Monday-Friday)
  • No credit card processing volume required
  • Time in business: 1 year (525 Fico Score or higher)
  • Less documentation needed than a bank loan
  • Future delivery accepted
  • High approval rates
  • Financing up to 10 %-11% of the gross yearly sales
  • Premium pricing available

 

Standard Main Street Business Loan requirements:

  • Must be current with landlord
  • No open bankruptcies in the last 12 months
  • At least 12 months must be left on lease if renting the business location
  • Application (completed by at least 51% of ownership)
  • Last months' business checking account statement (all pages)
  • Copy of Driver's License (or gov-issued ID)
  • Last 4 months processing statements
  • Proof of Business Ownership
  • Voided check
  • Completed, signed landlord disclosure form
  • Deals $75,000 and above will require additional paperwork like 2 years business and/or personal tax return.
main street business loansView this productmain street business loans
MSBL - (Platinum) Main Street Business Loan
  • Average MSBL funding size is nearly double that of a MCA
  • Minimum loan amount: $5,000
  • Maximum loan amount: $3,000,000
  • Program loan terms is 15 months
  • Have a Business Checking Daily Bank Balance Minimum: $500
  • Have a Business Checking Monthly Deposit Minimum of: 8
  • Have a Business Checking Monthly Negative Account Days Minimum of: 0
  • Have a Business Checking Monthly NSF Minimum of: 0
  • Business Monthly Gross Sales Minimum: $5,000
  • Fixed daily payments/direct ACH (Monday-Friday)
  • No credit card processing volume required
  • Time in business: 2 years (640 Fico Score or higher)
  • Less documentation needed than a bank loan
  • Future delivery accepted
  • High approval rates
  • Financing up to 10 %-11% of the gross yearly sales
  • Premium pricing available

 

Platinum Main Street Business Loan requirements:

  • Must be current with landlord
  • No open bankruptcies in the last 12 months
  • At least 12 months must be left on lease if renting the business location
  • Application (completed by at least 51% of ownership)
  • Last months' business checking account statement (all pages)
  • Copy of Driver's License (or gov-issued ID)
  • Last 4 months processing statements
  • Proof of Business Ownership
  • Voided check
  • Completed, signed landlord disclosure form
  • Deals $75,000 and above will require additional paperwork like 2 years business and/or personal tax return.
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