How do I apply for funding?
- Apply here with our quick online application or call 267.751.5925 to speak with funding representative.
What is a business cash advance?
- A business cash advance provides capital to businesses, it is not a loan. A cash advance is a purchase and sale. The merchant receives payment in exchange for a share of the business’ future receivables. A factor rate is added to the funding amount to determine the payback amount and payments are calculated based on a percentage of the business receivables. An estimated payback period is calculated based upon the estimated time it will take the business to deliver the receivables. Based on the performance of the business this could range from 3 to 18 months.
How will a cash advance help my business?
- Your business will have fast access to capital that can be used for any business purpose.
What are the funding requirements?
- 3 Months in business
- $7,500.00 per month in gross sales
What documents are required?
- A signed & dated application.
- Copy of your driver’s license.
- Last three months of business bank statements.
- Voided check.
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Can I receive funding if I have bad credit?
- Yes, while your credit score may be a factor, funding is based upon the business’ receivables.
What is the process?
- Submit your application with the required documents. Your information will be reviewed, and a funding representative will contact you. Additional documents may be required. Upon approval the funds will be sent to your business account.
Please contact us at submissions@rivalfunding.com or 267.751.5925 if you have additional questions.