Merchant Cash Advance Financing Options | Fora Financial

Merchant Funding to Fit Your Needs

Fora Financial can approve merchant cash advances up to $500,000 in as little as 72 hours from approval.

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When you receive merchant funding, you get a lump sum advance, and in turn remit a percentage of your credit card transactions. Therefore, the remittance is tailored to the flow of your business’s sales.
At Fora Financial, we don’t restrict how you use your merchant funding. While your business may benefit from financing for new equipment, another business may need it for payroll. We provide the merchant funding, and you choose how to utilize it.
From completing your application to receiving your merchant funding, we’ll be there to assist you. If you have any questions, our Customer Support team is available to help. We are dedicated to ensuring that your business operations are a success.

Learn about Merchant Cash Advances

Fora Financial’s merchant funding product is suitable for businesses who accept credit cards as a main form of payment. Watch our video to learn more about how merchant cash advances work, and how they can benefit your business’s future!

Your Business Can Grow with Merchant Funding

merchant funding

Benefits of a Merchant Cash Advance:

  • Remittance based on business’s revenue
  • No set terms
  • Early payoff discounts
  • No restrictions on use
  • No collateral required
  • Free, no obligation quote
  • Working capital from $5K – $500K

Merchant Funding is Perfect For:

Choose How to Utilize Your Merchant Cash Advance

  • Fill Inventory Orders
  • Upgrade Equipment
  • Recruit New Employees
  • Start a Renovation Project
  • Pay for Marketing Developments
  • Invest in New Technologies
  • Expand Your Business
  • Have Cash for Payroll

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How to Receive Merchant Funding

We require a one-page application and three months of credit card statements. Once submitted, you'll receive your approval status within 24 hours.
Merchant funding is the purchase of your business’s future credit card receivables. After your business is approved, we supply the financing, which comes with no set terms.
Once you receive your merchant cash advance, the remittance is a percentage of your credit card transactions. So, the amount of sales you make will determine the length of time it will take you to satisfy your obligation.

Merchant Funding Requirements*

  • At least 6 months in business
  • $5,000 minimum in credit card sales
  • No open bankruptcies

Get Started

*Meeting minimum requirements does not guarantee funding.

Merchant Funding Details

Our Merchant Funding product is a great fit for businesses that process a high volume of credit card transactions  

Whether you’re looking to have cash for slow seasons, or want to seize a new opportunity, we’re committed to assisting your business. Apply for a merchant cash advance, and watch your business successfully grow!

How Merchant Cash Advances Work

At Fora Financial, we’re passionate about helping business owners like you succeed. That’s why we provide merchant cash advances!

As we explained in the video above, merchant funding remittance fluctuates with your business’s sales patterns. We understand that businesses have their ups and downs. Your business may have a few months where sales are booming, and then go through a time when they slowdown. Naturally, you won’t be able to remit the same amount during both periods. When sales decrease, you’ll need to try and cut expenses the best that you can.

That’s why with a merchant cash advance, there is a holdback percentage. This is a set percentage that is withheld from your credit card transactions until you satisfy your obligation. That way, you’ll be paying a certain percentage of the sales you make, instead of being held to a set payment amount. Many business owners appreciate this because there is no set payback schedule, so they have the flexibility to remit their cash advance in a similar pattern to the ebbs and flows of their sales. When sales are up, your holdback percentage will result in a higher dollar amount. On the other hand, if your sales are experiencing a lull, your holdback percentage will result in a lower dollar amount.

Businesses that Benefit from Merchant Funding

Merchant cash advances are especially beneficial for business owners in the restaurant, retail and services industries, to name a few. This is because these industries typically receive a large volume of credit card transactions. Businesses that either don’t accept credit cards, or receive credit card transactions infrequently, usually won’t qualify for merchant funding.

If you run a business that primarily accepts credit card transactions, pursuing a merchant cash advance could be the choice that takes your business from good to great!

How to Apply for Merchant Cash Advances

Applying for a merchant cash advance is simpler than you might think! To get started all we need is our one-page application, three months of credit card statements, and three months of bank statements.  On occasion, we may ask for tax returns, balance sheet or a P&L.

If you’re trying to receive your merchant funding as quick as possible, we suggest compiling these documents prior to applying. That way, you’ll be all ready when it comes time to begin the process!

Merchant Cash Advance Requirement Details

Before applying, it is important that you understand our merchant funding requirements. We have these prerequisites in place so that businesses can responsibly and effectively utilize our products.

We require that your business be up-and-running for at least 6 months prior to receiving a merchant cash advance. This rule stands because we like to see that your business has already been operational for a few months. Being open for 6 months will likely increase the success you have with our merchant cash advance product.

Another requirement we have is that your business make $5,000 in credit card sales each month. If you generate less than $5,000 in credit card sales, it may be challenging for you to complete the remittance of a merchant cash advance. If satisfying your obligation will be too difficult, we do not want to put the future of your business at risk.

In addition, any business we work with cannot have any open bankruptcies or dismissed bankruptcies within the past year. If this applies to you, we encourage you to take care of these issues, and apply once a year has passed.

If you have any questions about our merchant cash advance requirements, don’t hesitate to contact our Capital Specialists. They will be able to provide you with further direction!

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