Executive Summary: Working Capital and Business Cash Advances

This Executive Summary will provide the following information:

1. Five primary reasons to consider obtaining working capital with business cash advances.
2. Ten problems to avoid with credit card processing, business cash advances and credit card factoring.
3. Six criteria for business cash advances up to $300,000.

1. A business cash advance based on credit card financing is one of the few viable options for reliably obtaining short-term working capital
2. Credit card factoring is available to most businesses that accept credit cards in their business transactions
3. There is no need for collateral
4. There should not be any up-front fees or closing costs
5. Funds can be obtained very quickly

There are a number of problems to be avoided with business credit card financing programs.

1. Maximum business cash advance of $10,000 to $50,000
2. Up-front fees
3. Collateral required
4. Closing costs
5. 2-3 years or more in business required to qualify
6. Financial Statements required regardless of business cash advance amount (Note: larger cash advances can involve additional information such as financials)
7. Fixed payments to pay off the business cash advance
8. Fixed term to pay off the working capital financing
9. 12 to 24 months of $10,000 to $25,000 (or more) in credit card sales required
10. High credit scores (frequently 680 to 700) required to qualify

1. One year as service or retail business
2. Business accepts credit cards as a form of payment
3. Ability to document credit card sales of $4000 or more per month for the last six months
4. Acceptable personal and business credit (minimum personal credit scores of 500)
5. No open tax liens, judgments or bankruptcies
6. If leasing: in good standing with landlord and at least one year remaining on lease

It is not necessary to accept ANY of the 10 problems listed above in order to obtain working capital based on future credit card sales and business cash advances. AEX Commercial Financing Group has eliminated ALL of these potential problems from the Working Capital Program that it uses for their clients. Here is an overview of our commercial finance program:

1. Business cash advances from $5000 to $300,000
2. No up-front fees or closing costs
3. No financials required for most situations although larger business cash advances will sometimes require additional information such as financials
4. No set term to pay off the business cash advance although there is a minimum of 90 days
5. No collateral required