AdvanceMe

With over 10 years experience in the Merchant Cash Advance industry, AdvanceMe INC. is definitely a giant with offices in Georgia, New York, and Costa Rica and arguably has the largest credit facilities in the industry having funded over 25,000 merchants.  In June 2007, the company won the Stevie Award at the 5^th Annual American Business Awards for Best MIS and IT organization, offering technology to Merchants allowing them to monitor their cash advance progress.  AdvanceMe Inc. funds merchants who process a minimum of $5,000 in Visa/MasterCard and who have owned a location for at least 12 months.  They advance up to $150,000 per location and the funding processing generally takes between 7-10 business days.  To apply with AdvanceMe click here!

Overall Rating: 2.6

1)      Documentation needed for qualification: Not Advertised

2)      Application processed within: Not advertised

3)      Max Qualification: $150,000 – 3 stars

4)      Minimum Merchant Processing $5000 – 3 stars

5)      Factor Rates (Cost of the money): Not advertised

6)      Ability to Qualify Merchants with poor credit – 4 stars

7)      Length of time Merchant in businesss: – 12 months – 3 stars

8)      Customer support and extended relations:  5 stars

9)      Merchant Processing Solutions: RBS Lynk – 3 Stars

10)  Next day funding:  Not advertised

11)  Methods of Funding: Split Funding –  1 stars

12)  Prepay Option: NO – no penalties incurred – 1 stars

13)  Finder’s Fee: Not advertised

14)  Time takes until Funding: 7-10 business days – 2 stars

15)  Referal Rewards: Not Advertised

16)  Additional Types of Loans:  Non – 1 Star