Frequently Asked Questions

Click on a question to see the answer.

How do I qualify?

You qualify if:
  • You have been in business for at least 1 year.
  • You own a business that already accepts credit cards.
  • Your business processes a minimum of $5,000 a month in credit card sales.
  • You provide 3 months recent merchant account and business bank account statements.

How easy is it to get approved by Funding.biz?

It is a lot easier and faster than a typical bank loan. The majority of our Funding Specialists have owned and operated their own businesses and understand how quickly you need capital, so our efforts to get your business funding is a top priority.

How can I speed up my cash advance approval?

Please make sure to immediately submit your application by clicking Apply Now, and have your merchant account and business checking account statements ready to fax when a Funding.biz Specialists contacts you.

Can I apply by phone?

Absolutely! Call 1-888-730-7809 and a Funding Specialist will walk you through the application process.

How does the program work?

You can be advanced up to $250,000 based on your past 3 months average credit card transactions. Then a small agreed upon percentage will be deducted from your future credit card sales until the cash advance is paid back. There are no fixed payments and there’s NO fixed payment time frame. This will all be explained after you apply and speak to your Funding.biz Specialist.

How much will an unsecured cash advance cost?

Pricing is based on the size of the cash advance, and the estimated payback time. A small agreed upon percentage is then deducted from your future credit card transactions until the cash advance is paid back. There are no fixed payments and there’s NO fixed payment time frame. This will all be explained after you apply and speak to your Funding.biz Specialist.

Will bad credit affect being approved for an unsecured cash advance request?

It is not necessary for you to have good credit in order to receive an unsecured cash advance.

How fast can I get an unsecured cash advance?

In as fast as 72 hours!

How much of an unsecured cash advance could I receive?

You could receive up to $250,000.

How will I pay back the unsecured cash advance?

A small agreed upon percentage is deducted from your future credit card sales for payback. There are no fixed payments and there is NO fixed payment time frame. We partner with you to determine your best payment plan.

Is this a loan?

No. This is not a loan. It is a purchase of future credit card sales.

When I have repaid my first cash advance, how easy is it to apply again?

If you have experienced no change in financial status you will be approved automatically.

How complicated is the paperwork?

The paperwork that you will need to fill out is simple and takes no more than ten minutes to complete.

Can I receive funding if I have current funding from another Cash Advance Provider?

Yes, but we must pay off any outstanding cash advances out of your first cash advance to you.

I have high sales, but my credit card sales volume is very low. Can I still receive funding?

Yes, the minimum requirement for qualification of the unsecured cash advance program is $5,000 of your monthly credit card transactions. We custom tailor our program to suit your business need.

Can the unsecured cash advance be renewed?

When the advance balance is down to approximately 20% of the original balance, you can request more money. As a matter of fact, most of our customers opt to do just that. You can request a renewal by phone, fax, or e-mail and renewals are usually funded in 24 hours.

Do I have to switch my current credit card processor?

Yes, you must switch to one of our processors to receive funding. Our credit card processing partners will meet or beat your current credit card processing rates. The bottom line is that you're not going to lose money for having to switch. You will most likely save money by switching!

Do I have to get a new credit card terminal?

Not usually. We will help re-program your terminal, which takes only 10 minutes and it can be done over the phone. Our credit card processor will call you to give step-by-step instructions.

What if I am not happy with the Funding.biz credit card processor?

We will try to resolve any issues right away for you, if you are still not happy, we will switch you to one of our other credit card processors. But staying with one of our processors is mandatory.

Who should I call right now with any additional questions?

You can call a Funding.biz Specialists right now at 1-888-730-7809.