Frequently Asked Questions
This information has been assembled to help Canadian business owners understand what are merchant cash advances, how they work and which companies are offering them to Canadian companies.
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How do I qualify?
Can I get an advance if I already have a business loan?
Yes. Advances are evaluated on a case-by-case basis and we have a 95% approval rate.
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How much can I get?
Can I get an advance if I already have a business loan?
Yes. Advances are evaluated on a case-by-case basis and we have a 95% approval rate.
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How can I use the cash?
Can I get an advance if I already have a business loan?
Yes. Advances are evaluated on a case-by-case basis and we have a 95% approval rate.
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How long does the process take?
Can I get an advance if I already have a business loan?
Yes. Advances are evaluated on a case-by-case basis and we have a 95% approval rate.
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How do I access the funds?
Can I get an advance if I already have a business loan?
Yes. Advances are evaluated on a case-by-case basis and we have a 95% approval rate.
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What documents will I need to submit?
Can I get an advance if I already have a business loan?
Yes. Advances are evaluated on a case-by-case basis and we have a 95% approval rate.
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Why should I choose to apply using Decision Logic?
Can I get an advance if I already have a business loan?
Yes. Advances are evaluated on a case-by-case basis and we have a 95% approval rate.
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What is the cost of a cash advance?
Can I get an advance if I already have a business loan?
Yes. Advances are evaluated on a case-by-case basis and we have a 95% approval rate.
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What are the typical payment ranges?
Can I get an advance if I already have a business loan?
Yes. Advances are evaluated on a case-by-case basis and we have a 95% approval rate.
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How do you deterrmine the payback of the cash advance?
Can I get an advance if I already have a business loan?
Yes. Advances are evaluated on a case-by-case basis and we have a 95% approval rate.
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Will I have to pay an early termination fee if I currently have a contract with another processor ?
Can I get an advance if I already have a business loan?
Yes. Advances are evaluated on a case-by-case basis and we have a 95% approval rate.
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What if I have bad credit?
Can I get an advance if I already have a business loan?
Yes. Advances are evaluated on a case-by-case basis and we have a 95% approval rate.
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What if I encounter obstacles with repayment?
Can I get an advance if I already have a business loan?
Yes. Advances are evaluated on a case-by-case basis and we have a 95% approval rate.
Advantages of a Merchant Advance
The merchant cash advance industry has a big marketing machine behind it that purports great advantages over other, traditional types of financing.
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Fast and easy Application
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Immediate cash flow
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Growth in merchant cash advance usage
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Credit review
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Account statements
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Additional supporting documentation
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Establishing repayment method
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Interview and reference check